# Bayhealth Medical Center, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/bayhealth-medical-center-inc-510064318-505

> Bayhealth Medical Center, INC.'s Health & Welfare plan: 2,950 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bayhealth Medical Center, INC.

- **Sponsor EIN:** 510064318

- **Sponsor Address:** 640 SOUTH STATE STREET, DOVER, DE, 19901

- **Plan Type:** Health & Welfare

- **Plan Number:** 505

- **Total Participants:** 2,950

- **Total Assets:** $1.4M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|2,950|$1.4M|$0|$1.4M|

| 2023|2,380|$995,878|$0|$1.3M|

| 2022|2,326|$797,787|$0|$1.1M|

## 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|

| MATRIX ABSENCE MANAGEMENT, INC.|Recordkeeper|$100,637|—|$100,637|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $100,637

- **Estimated Expense Ratio:** 7.233% 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|$104,917|—|$104,917|—|—|

| 2023|$93,369|—|$93,369|—|—|

| 2022|$92,509|—|—|—|$92,509|

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