Plan Snapshot
- Plan Sponsor: The Philadelphia Hand Center, P.C.
- Sponsor EIN: 231896300
- Sponsor Address: 950 PULASKI DR, KING OF PRUSSIA, PA, 19406
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 0
- Total Assets: $18.5M
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. |
|---|---|---|---|---|
| 2023 | 0 | $18.5M | $107,963 | $136,507 |
| 2022 | 104 | $30.5M | $973,765 | $1.0M |
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 |
|---|---|---|---|---|
| LPL FINANCIAL LLC - RPCP | Investment Advisor | $24,997 | $3 | $25,000 |
| BAKER TILLY US, LLP | Auditor | $17,964 | — | $17,964 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $17,301 | — | $17,301 |
| CARDINAL PENSION GROUP, INC. | Recordkeeper | — | $10,858 | $10,858 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,123
- Estimated Expense Ratio: 0.384% 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 |
|---|---|---|---|---|---|
| 2023 | $60,262 | $24,997 | $17,301 | $17,964 | — |
| 2022 | $43,414 | $25,000 | $18,414 | — | — |