Plan Snapshot
- Plan Sponsor: Fairfield Memorial Hospital Association
- Sponsor EIN: 370661202
- Sponsor Address: 303 NW 11TH ST, FAIRFIELD, IL, 62837
- Plan Type: 403(b)
- Plan Number: 002
- Total Participants: 464
- Total Assets: $14.1M
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. |
|---|---|---|---|---|
| 2025 | 464 | $14.1M | $0 | $0 |
| 2024 | 422 | $12.2M | $188,520 | $770,520 |
| 2023 | 416 | $11.3M | $175,629 | $830,659 |
| 2022 | 421 | $9.8M | $170,255 | $657,110 |
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 | $802 | $38,929 | $39,731 |
| GALLAGHER BENEFIT SVCS INC | Other Service Provider | — | $15,370 | $15,370 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,101
- Estimated Expense Ratio: 0.391% 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 |
|---|---|---|---|---|---|
| 2025 | $726,404 | — | $802 | — | — |
| 2024 | $1,308 | — | $1,308 | — | — |
| 2023 | $362 | — | $362 | — | — |
| 2022 | $12 | — | $12 | — | — |