Plan Snapshot
- Plan Sponsor: Simedhealth, L.L.C.
- Sponsor EIN: 823017080
- Sponsor Address: PO BOX 357010, GAINESVILLE, FL, 326357010
- Plan Type: 401(k)
- Total Participants: 324
- Total Assets: $45.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 324 | $45.7M | $2.0M | $1.8M |
| 2023 | 298 | $44.1M | $2.2M | $1.9M |
| 2022 | 295 | $36.9M | $2.8M | $2.0M |
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 |
|---|---|---|---|---|
| BKS FINANCIAL INVESTMENTS LLC | ADVISOR | $32,175 | — | $32,175 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $21,984 | — | $21,984 |
| JAMES MOORE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- JAMES MOORE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,159
- Estimated Expense Ratio: 0.118% of plan assets
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 | $54,039 | $32,175 | $300 | — | — |
| 2023 | $55,829 | $31,519 | — | — | — |
| 2022 | $62,330 | — | — | — | — |