Plan Snapshot
- Plan Sponsor: Southview Medical Group, P.C.
- Sponsor EIN: 631185612
- Sponsor Address: 833 ST. VINCENT'S DRIVE, BIRMINGHAM, AL, 35205
- Plan Type: 401(k)
- Total Participants: 227
- Total Assets: $52.9M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 227 | $52.9M | $1.8M | $1.1M |
| 2023 | 170 | $50.3M | $1.9M | $1.2M |
| 2022 | 207 | $41.0M | $1.7M | $1.1M |
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 |
|---|---|---|---|---|
| KASSOUF & COMPANY | 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 | $44,353 | $7,516 | — | — | — |
| 2023 | $69,329 | $52,631 | $5,326 | — | — |
| 2022 | $69,781 | — | — | — | $69,781 |