Plan Snapshot
- Plan Sponsor: Beacon Health System, INC.
- Sponsor EIN: 453864076
- Sponsor Address: 615 N MICHIGAN ST, SOUTH BEND, IN, 46601
- Plan Type: 403(b)
- Total Participants: 7,860
- Total Assets: $694.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 7,860 | $694.9M | $18.5M | $40.3M |
| 2023 | 7,707 | $602.8M | $17.1M | $39.3M |
| 2022 | 7,172 | $488.9M | $16.1M | $36.7M |
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 | $854,137 | — | $854,137 |
| FORVIS, LLP | AUDITOR | $24,748 | — | $24,748 |
| TAFT STETTINIUS & HOLLISTER LAW LLP | LEGAL | $9,101 | — | $9,101 |
| CORIENT PRIVATE WEALTH LLC | SECURITIES BROKER | $6,028 | — | $6,028 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- FORVIS, LLP — AUDITOR
- CORIENT PRIVATE WEALTH LLC — SECURITIES BROKER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $894,014
- Estimated Expense Ratio: 0.129% 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 | $899,898 | $11,912 | — | $24,748 | — |
| 2023 | $884,695 | $59,113 | — | $45,470 | — |
| 2022 | $649,980 | $55,589 | — | — | $22,750 |