# Buchanan General Hospital Health &amp; Welfare Plan
Source: https://planprovider.pro/companies/buchanan-general-hospital-540895648-501

> Buchanan General Hospital&#39;s Health &amp; Welfare plan: 199 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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