Plan Snapshot
- Plan Sponsor: Sportsmed Pt LLC
- Sponsor EIN: 824913997
- Sponsor Address: 266 HARRISTOWN ROAD, GLEN ROCK, NJ, 07452
- Plan Type: 401(k)
- Total Participants: 211
- Total Assets: $2.9M
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 | 211 | $2.9M | $0 | $929,978 |
| 2023 | 179 | $1.8M | $0 | $664,143 |
| 2022 | 126 | $1.0M | $471,908 | $0 |
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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS FIN NETWORK LL | Investment Advisor | $10,531 | — | $10,531 |
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $8,947 | — | $8,947 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,478
- Estimated Expense Ratio: 0.668% 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 | $23,339 | — | $23,339 | — | — |
| 2023 | $14,039 | — | $14,039 | — | — |
| 2022 | $3,286 | — | $3,286 | — | — |