Plan Snapshot
- Plan Sponsor: West Florida Medical Center Clinic, P.A.
- Sponsor EIN: 592193856
- Sponsor Address: 8333 N. DAVIS HIGHWAY, PENSACOLA, FL, 32514
- Plan Type: 401(k)
- Total Participants: 283
- Total Assets: $126.8M
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 | 283 | $126.8M | $2.8M | $2.3M |
| 2023 | 314 | $110.0M | $2.5M | $2.2M |
| 2022 | 291 | $95.4M | $2.4M | $2.0M |
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 |
|---|---|---|---|---|
| SALTMARSH, CLEAVELAND & GUND | Auditor | $31,450 | — | $31,450 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,450
- Estimated Expense Ratio: 0.025% 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 | $134,018 | $62,735 | — | $31,450 | — |
| 2023 | $129,136 | $62,956 | — | — | — |
| 2022 | $127,026 | $22,618 | — | — | — |