Plan Snapshot
- Plan Sponsor: Drew Memorial Hospital, INC.
- Sponsor EIN: 352414105
- Sponsor Address: 778 SCOGIN DRIVE, MONTICELLO, AR, 71655
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 303
- Total Assets: $7.3M
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. |
|---|---|---|---|---|
| 2023 | 303 | $7.3M | $207,096 | $590,409 |
| 2022 | 355 | $6.4M | $193,772 | $687,344 |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | Recordkeeper | $44,060 | — | $44,060 |
| QUALIFIED PLAN ADVISORS | Investment Advisor | $25,412 | — | $25,412 |
| PRIME CAPITAL INVESTMENT ADVISORS | Other Service Provider | $10,257 | — | $10,257 |
| MORNINGSTAR | Investment Advisor | $7,602 | — | $7,602 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — Recordkeeper
- MORNINGSTAR — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,331
- Estimated Expense Ratio: 1.195% 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 |
|---|---|---|---|---|---|
| 2023 | $87,332 | $10,257 | $77,075 | — | — |
| 2022 | $43,729 | — | $43,729 | — | — |