Plan Snapshot
- Plan Sponsor: Magee General Hospital
- Sponsor EIN: 640324402
- Sponsor Address: 300 3RD AVE. SE, MAGEE, MS, 39111
- Plan Type: 401(k)
- Total Participants: 178
- Total Assets: $3.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 178 | $3.7M | $0 | $191,916 |
| 2023 | 213 | $3.6M | $0 | $214,722 |
| 2022 | 208 | $3.0M | $0 | $227,134 |
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 |
|---|---|---|---|---|
| ELEMENT WEALTH LLC | Investment Advisor | $14,297 | — | $14,297 |
| HUB INTERNATIONAL GULF SOUTH | Other Service Provider | $9,510 | — | $9,510 |
| AMERICAN UNITED LIFE INSURANCE CO | Other Service Provider | $2,185 | $5,291 | $7,476 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELEMENT WEALTH LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,283
- Estimated Expense Ratio: 0.835% 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 | $27,340 | — | — | — | — |
| 2023 | $39,373 | $20,015 | — | $10,250 | — |
| 2022 | $54,488 | $21,407 | — | — | $20,000 |