Plan Snapshot
- Plan Sponsor: Southcoast Medical Group, LLC
- Sponsor EIN: 582194871
- Sponsor Address: 330 BENFIELD DRIVE, SAVANNAH, GA, 31406
- Plan Type: 401(k)
- Total Participants: 446
- Total Assets: $71.1M
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 | 446 | $71.1M | $1.8M | $2.9M |
| 2023 | 444 | $62.2M | $1.6M | $2.6M |
| 2022 | 431 | $51.9M | $1.7M | $2.3M |
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 |
|---|---|---|---|---|
| CAINES, HODGES & COMPANY, P.C. | 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 |
|---|---|---|---|---|---|
| 2024 | $127,128 | — | $127,128 | — | — |
| 2023 | $105,646 | $25,919 | — | — | — |
| 2022 | $147,978 | $25,146 | $122,832 | — | — |