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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $92,271 | — | $92,271 |
| CAPFINANCIAL PARTNERS,LLC | Other Service Provider | $74,793 | — | $74,793 |
| 49 WEALTH MANAGEMENT LLC | Other Service Provider | $18,459 | — | $18,459 |
| BEACON POINTE ADVISORS LLC | Investment Advisor | $16,523 | — | $16,523 |
| BLEAKLEY FINANCIAL GROUP LLC | Recordkeeper | $7,424 | — | $7,424 |
| CAMBRIDGE INVESTMENT RESEARCH | Other Service Provider | $6,346 | — | $6,346 |
| FINANCIAL SECURITY ADVISORY IN | Other Service Provider | $5,925 | — | $5,925 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
- BEACON POINTE ADVISORS LLC — Investment Advisor
- BLEAKLEY FINANCIAL GROUP LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $221,741
- Estimated Expense Ratio: 0.131% 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 | $222,624 | $137,453 | — | — | — |
| 2023 | $184,693 | $113,025 | — | — | — |
| 2022 | $200,254 | $93,648 | — | — | — |