Plan Snapshot
- Plan Sponsor: Garnet Health Medical Center
- Sponsor EIN: 141364536
- Sponsor Address: 707 E MAIN STREET, MIDDLETOWN, NY, 10940
- Plan Type: 403(b)
- Total Participants: 4,127
- Total Assets: $296.5M
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 | 4,127 | $296.5M | $5.0M | $20.8M |
| 2023 | 4,351 | $273.3M | $5.2M | $19.3M |
| 2022 | 4,172 | $246.9M | $5.4M | $18.1M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $66,705 | $18,366 | $85,071 |
| MERRILL LYNCH | INVESTMENT ADVISORY | — | $80,000 | $80,000 |
| RBT CPAS | ACCOUNTANT | — | $16,000 | $16,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $181,071
- Estimated Expense Ratio: 0.061% 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 | $66,706 | — | $66,706 | — | — |
| 2023 | $58,632 | — | $58,617 | — | — |
| 2022 | $70,021 | — | $70,021 | — | — |