# Sound Inpatient Physicians, INC. 401(k) Plan
Source: https://planprovider.pro/companies/sound-inpatient-physicians-inc-401k-plan

> Sound Inpatient Physicians, INC.'s 401(k) plan: 4,098 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [WORTHY & COMPANY, LLC](https://planprovider.pro/provider/worthy-and-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|

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