Plan Snapshot
- Plan Sponsor: Southeast Texas Medical Ventures LLC Dba Townsen Memorial Hospital
- Sponsor EIN: 364867084
- Sponsor Address: 1475 FM 1960 BYPASS E. ROAD, HUMBLE, TX, 77338
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 289
- Total Assets: $3.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 289 | $3.2M | $454,100 | $859,954 |
| 2023 | 217 | $1.9M | $321,924 | $633,388 |
| 2022 | 124 | $480,308 | $172,568 | $357,678 |
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 | $19,128 | — | $19,128 |
| THE RETIREMENT ADVANTAGE INC | Other Service Provider | $11,491 | $1,205 | $12,696 |
| AXA ADVISORS LLC | Investment Advisor | $5,413 | — | $5,413 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,237
- Estimated Expense Ratio: 1.153% 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 | $44,043 | — | $21,850 | — | — |
| 2023 | $172,153 | — | — | — | — |
| 2022 | $35,530 | — | — | — | — |