Plan Snapshot
- Plan Sponsor: Harbor Beach Community Hospital
- Sponsor EIN: 381565380
- Sponsor Address: 210 SOUTH 1ST STREET, HARBOR BEACH, MI, 48441
- Plan Type: 401(k)
- Total Participants: 196
- Total Assets: $7.9M
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 | 196 | $7.9M | $194,826 | $382,299 |
| 2023 | 186 | $7.1M | $167,955 | $336,926 |
| 2022 | 179 | $6.0M | $179,149 | $297,890 |
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 |
|---|---|---|---|---|
| CHESME INC. DBA CHESME CAPITAL MGMT | NONE | $28,833 | — | $28,833 |
| ALERUS FINANCIAL, N.A. | NONE | $14,003 | — | $14,003 |
| NIETZKE & FAUPEL, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,836
- Estimated Expense Ratio: 0.540% 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 | $42,836 | $28,833 | — | — | — |
| 2023 | $37,003 | $24,986 | — | — | — |
| 2022 | $44,542 | $30,524 | — | — | — |