Plan Snapshot
- Plan Sponsor: Bayhealth Medical Center, INC.
- Sponsor EIN: 510064318
- Sponsor Address: 640 SOUTH STATE STREET, DOVER, DE, 199013530
- Plan Type: 403(b)
- Total Participants: 5,140
- Total Assets: $17.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 5,140 | $17.8M | $0 | $3.0M |
| 2023 | 4,601 | $14.0M | $0 | $2.5M |
| 2022 | 4,041 | $10.8M | $0 | $1.8M |
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 |
|---|---|---|---|---|
| FAW, CASSON & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FAW, CASSON & CO., LLP — Auditor
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 | $18,744 | $1,138 | $17,606 | — | — |
| 2023 | $2,683 | — | $2,683 | — | — |
| 2022 | $2,233 | — | $2,233 | — | — |