Plan Snapshot
- Plan Sponsor: Chicot Memorial Medical Center
- Sponsor EIN: 383807713
- Sponsor Address: 2729 S HWY 65 82, LAKE VILLAGE, AR, 71653
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 149
- Total Assets: $4.4M
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 | 149 | $4.4M | $155,538 | $254,150 |
| 2023 | 150 | $3.9M | $109,073 | $179,295 |
| 2022 | 135 | $3.2M | $112,887 | $207,665 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $22,985 | — | $22,985 |
| PRIME CAPITAL INVESTMENT ADVISORS L | Investment Advisor | $9,352 | — | $9,352 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,337
- Estimated Expense Ratio: 0.736% 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 | $32,338 | $9,352 | — | — | — |
| 2023 | $4,343 | $3,443 | $800 | — | — |
| 2022 | $3,590 | — | — | — | $3,590 |