Plan Snapshot
- Plan Sponsor: Great Lakes Bay Health Centers
- Sponsor EIN: 381908328
- Sponsor Address: 501 LAPEER AVENUE, SAGINAW, MI, 486071255
- Plan Type: 403(b)
- Total Participants: 672
- Total Assets: $51.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 672 | $51.0M | $2.1M | $2.6M |
| 2023 | 611 | $42.9M | $2.0M | $2.3M |
| 2022 | 583 | $36.9M | $1.8M | $2.2M |
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 | $108,705 | — | $108,705 |
| NFP RETIREMENT, INC | INVESTMENT ADVISORY | $43,333 | — | $43,333 |
| YEO AND YEO CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — SERVICE PROVIDER
- NFP RETIREMENT, INC — INVESTMENT ADVISORY
- YEO AND YEO CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $152,038
- Estimated Expense Ratio: 0.298% 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 | $85,923 | — | $85,923 | — | — |
| 2023 | $77,414 | — | $77,414 | — | — |
| 2022 | $73,669 | — | $73,669 | — | — |