Plan Snapshot
- Plan Sponsor: Beaumont Health
- Sponsor EIN: 381426919
- Sponsor Address: HUMAN RESOURCES/RETIREMENT/FLOOR 3C, SOUTHFIELD, MI, 48033
- Plan Type: DC
- Total Participants: 1,367
- Total Assets: $48.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 1,367 | $48.8M | $1.8M | $0 |
| 2023 | 1,584 | $46.3M | $1.8M | $0 |
| 2022 | 1,677 | $41.9M | $1.7M | $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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INST OPS | RECORDKPNG/ CONTRACT ADM | $48,706 | — | $48,706 |
| GEORGE JOHNSON & COMPANY | AUDITOR | $21,000 | — | $21,000 |
| PLANTE & MORAN, PLLC | Auditor | $21,000 | — | $21,000 |
| STIFEL PEARL STREET INV MGMNT | INV ADVISOR | $12,000 | — | $12,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INST OPS — RECORDKPNG/ CONTRACT ADM
- GEORGE JOHNSON & COMPANY — AUDITOR
- PLANTE & MORAN, PLLC — Auditor
- STIFEL PEARL STREET INV MGMNT — INV ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,706
- Estimated Expense Ratio: 0.210% 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 | $84,598 | $14,392 | $300 | $21,000 | — |
| 2023 | $92,598 | $16,703 | — | $21,000 | — |
| 2022 | $89,485 | — | — | — | — |