Plan Snapshot
- Plan Sponsor: Ely-Bloomenson Community Hospital
- Sponsor EIN: 410808719
- Sponsor Address: 328 W CONAN ST., ELY, MN, 55731
- Plan Type: 403(b)
- Total Participants: 134
- Total Assets: $12.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 134 | $12.6M | $337,834 | $816,319 |
| 2023 | 130 | $10.9M | $322,318 | $751,550 |
| 2022 | 125 | $7.9M | $222,291 | $662,072 |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | Other Service Provider | $1,065 | $49,974 | $51,039 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,039
- Estimated Expense Ratio: 0.404% 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 | $840 | — | $840 | — | — |
| 2023 | $549 | — | $549 | — | — |
| 2022 | $659 | — | $659 | — | — |