Plan Snapshot
- Plan Sponsor: Sioux Valley Memorial Hospital Association D/B/A Cherokee Regional Med
- Sponsor EIN: 420707096
- Sponsor Address: 300 SIOUX VALLEY DRIVE, CHEROKEE, IA, 51012
- Plan Type: 403(b)
- Total Participants: 279
- Total Assets: $22.4M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 279 | $22.4M | $548,175 | $1.4M |
| 2023 | 317 | $19.7M | $723,620 | $1.3M |
| 2022 | 317 | $16.3M | $674,820 | $1.1M |
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 |
|---|---|---|---|---|
| EIDE BAILLY | Auditor | $30 | — | $30 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30
- Estimated Expense Ratio: 0.000% 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 | $52,835 | $20,000 | — | $30 | — |
| 2023 | $54,086 | $20,000 | — | — | — |
| 2022 | $67,158 | $53,818 | $13,310 | — | — |