Plan Snapshot
- Plan Sponsor: Buchanan General Hospital
- Sponsor EIN: 540895648
- Sponsor Address: 1535 SLATE CREEK RD, GRUNDY, VA, 24614
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 199
- Total Assets: $233,019
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 | 199 | $233,019 | $2.0M | $439,544 |
| 2023 | 54 | $240,283 | $1.9M | $437,901 |
| 2022 | 70 | $280,091 | $1.4M | $445,046 |
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 |
|---|---|---|---|---|
| ALLEGIANCE | Other Service Provider | $2,683,910 | — | $2,683,910 |
| VISION SERVICE PLAN | Insurance Carrier | $15,148 | — | $15,148 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,699,058
- Estimated Expense Ratio: 1158.300% 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 | $119,193 | — | — | — | — |
| 2023 | $111,446 | — | — | — | — |
| 2022 | $105,646 | — | — | — | — |