Plan Snapshot
- Plan Sponsor: Sound Inpatient Physicians, INC.
- Sponsor EIN: 203050924
- Sponsor Address: 1498 PACIFIC AVENUE, TACOMA, WA, 98402
- Plan Type: 401(k)
- Total Participants: 4,098
- Total Assets: $557.0M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,098 | $557.0M | $8.3M | $52.8M |
| 2023 | 4,698 | $511.4M | $9.9M | $57.0M |
| 2022 | 4,956 | $406.2M | $9.7M | $55.7M |
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 |
|---|---|---|---|---|
| USI CONSULTING GROUP, INC. | NONE | $322,120 | — | $322,120 |
| USI ADVISORS, INC. | NONE | $80,000 | — | $80,000 |
| CHARLES SCHWAB TRUST BANK | NONE | — | $34,049 | $34,049 |
| WORTHY & COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — NONE
- WORTHY & COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $436,169
- Estimated Expense Ratio: 0.078% 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 | $402,120 | $80,000 | — | — | — |
| 2023 | $339,820 | $79,972 | — | — | — |
| 2022 | $309,858 | $79,983 | — | — | $229,875 |