2023 Form 5500 filing — Southcoast Medical Group, LLC Profit Sharing 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241113124328NAL0010004467001) for Southcoast Medical Group, LLC Profit Sharing 401(K) Plan, reported by Southcoast Medical Group, LLC under EIN 58-2194871 and plan number 001. It reports 635 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241113124328NAL0010004467001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Southcoast Medical Group, LLC
- EIN
- 58-2194871
- Plan number
- 001
- Location
- Savannah, GA
- Participants
- 635
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $62,171,807
- Total liabilities (EOY)
- $8,593
- Net assets (EOY)
- $62,163,214
- Employer contributions
- $1,609,129
- Participant contributions
- $2,631,286
- Total income / additions
- $13,329,843
- Benefits paid
- $2,972,922
- Administrative expenses
- $105,646
- Total expenses
- $3,078,568
- Net increase / (decrease)
- $10,251,275
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Voya Retirement Ins And Annuity Co | SERVICE PROVIDER | $59,245 | $2,846 |
| Definiti, LLC | THIRD PARTY ADMINISTRATOR | $0 | $23,675 |
| Caines, Hodges & Company, P.C. | AUDITOR | $16,000 | $0 |
| Morgan Stanley | FINANCIAL ADVISOR | $11,687 | not reported in the loaded dataset |
| Morningstar | SERVICE PROVIDER | $0 | $7,927 |
| Morningstar Investment Management | SERVICE PROVIDER | $5,267 | $0 |
| Mml Insurance Agency, LLC | BROKER/DEALER | $0 | $365 |