# Harbor Beach Community Hospital 401(k) Plan
Source: https://planprovider.pro/companies/harbor-beach-community-hospital-401k-plan

> Harbor Beach Community Hospital&#39;s 401(k) plan: 196 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/intellicents-inc) — 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|—|—|—|

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