Plan Snapshot
- Plan Sponsor: Hillsdale Community Health Center
- Sponsor EIN: 386005550
- Sponsor Address: 168 SOUTH HOWELL STREET, HILLSDALE, MI, 492422040
- Plan Type: 403(b)
- Total Participants: 568
- Total Assets: $26.9M
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 | 568 | $26.9M | $533,065 | $1.5M |
| 2023 | 542 | $25.4M | $544,277 | $1.4M |
| 2022 | 531 | $21.9M | $497,052 | $1.5M |
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 |
|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL SERVICES | INVESTMENT ADVISORY | $65,012 | $25 | $65,037 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $35,600 | — | $35,600 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES FINANCIAL SERVICES — INVESTMENT ADVISORY
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,637
- Estimated Expense Ratio: 0.374% 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 | $100,612 | $65,012 | $35,600 | — | — |
| 2023 | $89,456 | $57,386 | $32,040 | — | — |
| 2022 | $84,912 | $55,841 | $29,071 | — | — |