Plan Snapshot
- Plan Sponsor: Square Care Medical Group, LLP
- Sponsor EIN: 202652680
- Sponsor Address: 900 MERCHANTS CONCOURSE, WESTBURY, NY, 11590
- Plan Type: 401(k)
- Total Participants: 223
- Total Assets: $28.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 223 | $28.7M | $1.6M | $1.4M |
| 2023 | 259 | $27.4M | $1.6M | $1.3M |
| 2022 | 263 | $23.4M | $1.7M | $1.4M |
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 |
|---|---|---|---|---|
| WILLIAMS OVERMAN PIERCE | 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 | $70,696 | $18,500 | — | — | — |
| 2023 | $65,546 | $18,500 | $42,485 | — | — |
| 2022 | $49,612 | $18,500 | $29,534 | — | — |