# Matheny Medical & Educational Center Health & Welfare Plan
Source: https://planprovider.pro/companies/matheny-medical-educational-center-221482276-501

> Matheny Medical & Educational Center's Health & Welfare plan: 644 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Matheny Medical & Educational Center

- **Sponsor EIN:** 221482276

- **Sponsor Address:** 65 HIGHLAND AVENUE, PEAPECK, NJ, 07977

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 644

- **Total Assets:** $3,134

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|644|$3,134|$4.2M|$1.8M|

| 2023|520|$158,612|$4.5M|$2.0M|

| 2022|519|$174,644|$5.6M|$1.6M|

## 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|

| CONTINENTAL BENEFITS|Other Service Provider|$113,481|—|$113,481|

| INNOVATIVE BENEFIT PLANNING|Other Service Provider|$81,942|—|$81,942|

| AETNA LIFE INSURANCE|Other Service Provider|$70,923|—|$70,923|

| AMERICAN HEALTH HOLDINGS|Other Service Provider|$10,049|—|$10,049|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $276,395

- **Estimated Expense Ratio:** 8819.241% 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|$289,730|—|$289,730|—|—|

| 2023|$302,848|—|$302,468|—|—|

| 2022|$288,828|—|—|—|—|

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