Plan Snapshot
- Plan Sponsor: Billings Clinic
- Sponsor EIN: 810231784
- Sponsor Address: PO BOX 37000, BILLINGS, MN, 59107
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 3,579
- Total Assets: $23.9M
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 | 3,579 | $23.9M | $38.3M | $11.6M |
| 2023 | 3,016 | $23.1M | $35.7M | $10.9M |
| 2022 | 2,296 | $24.1M | $35.8M | $10.7M |
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 |
|---|---|---|---|---|
| PACIFICSOURCE HEALTH PLANS | Other Service Provider | $1,682,746 | — | $1,682,746 |
| MEDIMPACT HEALTHCARE SYSTEMS INC. | Other Service Provider | $244,622 | — | $244,622 |
| BUCKLEY MAXWELL DIXON DOLEZAL | ERISA Attorney | $216,026 | — | $216,026 |
| FORVIS LLP | Auditor | $49,451 | — | $49,451 |
| US BANK | Custodian / Trustee | $38,060 | — | $38,060 |
| CONSOVA CORPORATION | Other Service Provider | $32,919 | — | $32,919 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,263,824
- Estimated Expense Ratio: 9.463% 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 | $2,265,150 | $38,059 | $1,927,368 | $49,415 | — |
| 2023 | $2,221,859 | $34,533 | $2,187,326 | — | — |
| 2022 | $1,824,790 | $35,738 | $1,789,052 | — | — |