Plan Snapshot
- Plan Sponsor: Shields Health Care Group, INC.
- Sponsor EIN: 042974694
- Sponsor Address: 700 CONGRESS STREET, QUINCY, MA, 02169
- Plan Type: 401(k)
- Total Participants: 1,334
- Total Assets: $103.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,334 | $103.8M | $1.3M | $6.3M |
| 2023 | 1,142 | $88.2M | $1.3M | $5.9M |
| 2022 | 1,093 | $75.2M | $2.3M | $5.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $172,273 | $50,000 | $1,200 | — | — |
| 2023 | $154,018 | $50,000 | — | — | — |
| 2022 | $156,091 | — | — | — | — |