# The Medical Association Of The State Of Alabama (Masa) Health & Welfare Plan
Source: https://planprovider.pro/companies/the-medical-association-of-the-state-of-alabama-masa-630268042-501

> The Medical Association Of The State Of Alabama (Masa)'s Health & Welfare plan: 1,046 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Medical Association Of The State Of Alabama (Masa)

- **Sponsor EIN:** 630268042

- **Sponsor Address:** 19 SOUTH JACKSON STREET, MONTGOMERY, AL, 36104

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 1,046

- **Total Assets:** $6.6M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,046|$6.6M|$16.3M|$0|

| 2023|1,047|$6.6M|$17.1M|$0|

| 2022|1,293|$6.5M|$17.5M|$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|

| MEDICAL ASSOCIATION OF THE STATE OF|Other Service Provider|$295,000|—|$295,000|

| MAYNARD NEXSEN PC CORPORATION|ERISA Attorney|$53,500|—|$53,500|

| YEARY & MOORE, LLC|Other Service Provider|$48,000|—|$48,000|

| ALDRIDGE, BORDEN & COMPANY, P.C.|Auditor|$24,800|—|$24,800|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MAYNARD NEXSEN PC CORPORATION](https://planprovider.pro/provider/maynard-nexsen-pc) — ERISA Attorney

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $421,300

- **Estimated Expense Ratio:** 6.392% 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|$451,219|$12,921|$295,000|$24,800|—|

| 2023|$407,713|$11,305|$295,000|$20,000|—|

| 2022|$381,680|$8,097|$294,545|—|$37,330|

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