Plan Snapshot
- Plan Sponsor: Simonmed Imaging, INC.
- Sponsor EIN: 845167116
- Sponsor Address: 16220 NORTH, SCOTTSDALE ROAD SUITE, SCOTTSDALE, AZ, 85254
- Plan Type: 401(k)
- Total Participants: 2,529
- Total Assets: $50.1M
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 | 2,529 | $50.1M | $359 | $9.0M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $436,341 | — | $436,341 |
| THOMAS BEAL | Other Service Provider | $129,726 | — | $129,726 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Investment Advisor | $21,616 | — | $21,616 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $18,157 | — | $18,157 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $605,840
- Estimated Expense Ratio: 1.209% 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 | $605,840 | $39,773 | — | — | — |