# Mvhs INC. 401(k) Plan
Source: https://planprovider.pro/companies/faxton-st-luke-s-healthcare-401k-plan

> Mvhs INC.'s 401(k) plan: 3,780 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mvhs INC.

- **Sponsor EIN:** 161576637

- **Sponsor Address:** 111 HOSPITAL DRIVE, UTICA, NY, 13502

- **Plan Type:** 401(k)

- **Total Participants:** 3,780

- **Total Assets:** $333.1M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **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|3,780|$333.1M|$9.2M|$15.0M|

| 2023|3,823|$204.2M|$4.8M|$8.7M|

| 2022|2,542|$173.0M|$3.9M|$6.7M|

## 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|SERVICE PROVIDER|$439,644|—|$439,644|

| HANYS BENEFIT SERVICES|SERVICE PROVIDER|$149,258|—|$149,258|

| FUSTCHARLES LLP|AUDITOR|$20,355|—|$20,355|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [LINCOLN NATIONAL CORPORATION](https://planprovider.pro/provider/lincoln-financial-group) — SERVICE PROVIDER

- [HANYS BENEFIT SERVICES](https://planprovider.pro/provider/aspire-financial-services) — SERVICE PROVIDER

- [FUSTCHARLES LLP](https://planprovider.pro/provider/fustcharles-llp) — AUDITOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $609,257

- **Estimated Expense Ratio:** 0.183% 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|$609,257|$149,258|$439,644|$20,355|—|

| 2023|$415,733|$91,626|$324,107|—|—|

| 2022|$536,973|$98,468|$434,715|—|$3,790|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/faxton-st-luke-s-healthcare-401k-plan)

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