# Garnet Health Medical Center DB Plan
Source: https://planprovider.pro/companies/garnet-health-medical-center-plan-001

> Garnet Health Medical Center's DB plan: 56 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:** 844567449

- **Sponsor Address:** 707 EAST MAIN STREET, MIDDLETOWN, NY, 109404133

- **Plan Type:** DB

- **Total Participants:** 56

- **Total Assets:** $80.5M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|56|$80.5M|$873,510|$0|

| 2023|64|$87.5M|$502,841|$0|

| 2022|84|$88.5M|$0|$0|

## 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|$222,191|—|$222,191|

| THE HAGWOOD TOMODA GROUP|INVESTMENT ADVISORY|$91,870|—|$91,870|

| RBT CPA'S|ACCOUNTANT|$14,500|—|$14,500|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $328,561

- **Estimated Expense Ratio:** 0.408% 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|$874,024|$91,870|$222,191|$14,500|—|

| 2023|$1,782,958|$35,561|$185,285|$14,500|—|

| 2022|$1,347,344|$97,554|$177,034|—|$14,500|

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