Plan Snapshot
- Plan Sponsor: Strand Physician Specialists, P.A.
- Sponsor EIN: 570963173
- Sponsor Address: 3361 HWY 9 EAST, LITTLE RIVER, SC, 29566
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $39.0M
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 | 173 | $39.0M | $749,283 | $968,762 |
| 2023 | 152 | $35.9M | $1.4M | $995,519 |
| 2022 | 139 | $29.2M | $1.1M | $848,776 |
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 |
|---|---|---|---|---|
| SMITH SAPP BOOKHOUT CRUMPLER | Auditor | $14,500 | — | $14,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,500
- Estimated Expense Ratio: 0.037% 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 | $120,675 | — | — | $14,500 | — |
| 2023 | $107,837 | — | — | $14,250 | — |
| 2022 | $104,861 | — | — | — | — |