# Garnet Health Medical Center 403(b) Plan
Source: https://planprovider.pro/companies/garnet-health-medical-center-403b-plan

> Garnet Health Medical Center's 403(b) plan: 4,127 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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