Plan Snapshot
- Plan Sponsor: Silver Fern Practice, LLC D/B/A Highbar
- Sponsor EIN: 061692793
- Sponsor Address: 4 RICHMOND SQ. SUITE 200, PROVIDENCE, RI, 02906
- Plan Type: 401(k)
- Total Participants: 280
- Total Assets: $9.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2023 | 280 | $9.5M | $363,641 | $830,473 |
| 2022 | 261 | $7.2M | $293,068 | $663,865 |
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 |
|---|---|---|---|---|
| MARCUM 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 |
|---|---|---|---|---|---|
| 2023 | $94,101 | $45,575 | $48,526 | — | — |
| 2022 | $69,333 | — | $69,333 | — | — |