Plan Snapshot
- Plan Sponsor: Tidewater Physicians Multispecialty Group, P.C.
- Sponsor EIN: 541634477
- Sponsor Address: 860 OMNI BLVD, NEWPORT NEWS, VA, 23606
- Plan Type: 401(k)
- Total Participants: 1,105
- Total Assets: $168.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,105 | $168.9M | $6.8M | $7.1M |
| 2023 | 1,091 | $146.3M | $5.4M | $6.8M |
| 2022 | 1,029 | $119.4M | $7.5M | $6.2M |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | 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 | $222,624 | $137,453 | — | — | — |
| 2023 | $184,693 | $113,025 | — | — | — |
| 2022 | $200,254 | $93,648 | — | — | — |