Plan Snapshot
- Plan Sponsor: Magnolia Regional Health System INC
- Sponsor EIN: 850512754
- Sponsor Address: 101 HOSPITAL DRIVE, MAGNOLIA, AR, 71753
- Plan Type: 401(k)
- Total Participants: 190
- Total Assets: $7.4M
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 | 190 | $7.4M | $295,938 | $577,935 |
| 2023 | 203 | $6.3M | $280,190 | $543,933 |
| 2022 | 206 | $5.2M | $234,148 | $470,853 |
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 |
|---|---|---|---|---|
| FORVIS MAZARS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $30,355 | $17,848 | $12,507 | — | — |
| 2023 | $24,952 | $15,668 | $40 | — | — |
| 2022 | $25,820 | $15,261 | $10,559 | — | — |