Plan Snapshot
- Plan Sponsor: Beacon Health System, INC.
- Sponsor EIN: 453864076
- Sponsor Address: 615 N MICHIGAN ST, SOUTH BEND, IN, 46601
- Plan Type: 401(k)
- Total Participants: 1,410
- Total Assets: $58.8M
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 | 1,410 | $58.8M | $0 | $0 |
| 2023 | 1,523 | $54.3M | $0 | $0 |
| 2022 | 1,637 | $49.6M | $0 | $0 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $106,458 | — | $106,458 |
| FORVIS, LLP | AUDITOR | $9,850 | — | $9,850 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- FORVIS, LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $116,308
- Estimated Expense Ratio: 0.198% 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 | $117,060 | $753 | — | $9,850 | — |
| 2023 | $131,011 | $8,364 | — | $10,500 | — |
| 2022 | $100,213 | $835 | — | — | $8,600 |