Plan Snapshot
- Plan Sponsor: Buchanan General Hospital
- Sponsor EIN: 540895648
- Sponsor Address: 1535 STATE CREEK ROAD, GRUNDY, VA, 24614
- Plan Type: 401(k)
- Total Participants: 221
- Total Assets: $15.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 221 | $15.1M | $25,744 | $407,900 |
| 2023 | 221 | $12.0M | $23,658 | $310,892 |
| 2022 | 217 | $10.9M | $24,663 | $336,240 |
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 |
|---|---|---|---|---|
| MILLENIUM INVESTMENT AND RET | Other Service Provider | $7,369 | — | $7,369 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,369
- Estimated Expense Ratio: 0.049% 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 | $79,234 | — | $67,541 | — | — |
| 2023 | $63,118 | — | $49,933 | — | — |
| 2022 | $54,855 | — | $51,190 | — | — |