# Cherokee Health Systems, INC. 403(b) Plan
Source: https://planprovider.pro/companies/cherokee-health-systems-inc-403b-plan

> Cherokee Health Systems, INC.'s 403(b) plan: 592 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Cherokee Health Systems, INC.

- **Sponsor EIN:** 620637925

- **Sponsor Address:** 6350 W ANDREW JOHNSON HWY, TALBOTT, TN, 37877

- **Plan Type:** 403(b)

- **Total Participants:** 592

- **Total Assets:** $57.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** Yes

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|592|$57.7M|$1.5M|$2.1M|

| 2023|618|$54.5M|$1.1M|$2.1M|

| 2022|608|$47.7M|$1.5M|$1.9M|

## 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|

| NATIONS FINANCIAL GROUP INC|BROKER/ADVISER|—|$148,722|$148,722|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$33,267|—|$33,267|

| PYA, P.C.|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $181,989

- **Estimated Expense Ratio:** 0.316% 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|$33,267|—|—|—|—|

| 2023|$23,475|—|$23,475|—|—|

| 2022|$38,497|—|$38,002|—|—|

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