Plan Snapshot
- Plan Sponsor: Mclaren Health Care Corp.
- Sponsor EIN: 382397643
- Sponsor Address: ONE MCLAREN PARKWAY, GRAND BLANC, MI, 48439
- Plan Type: 403(b)
- Total Participants: 18,139
- Total Assets: $1.9B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 18,139 | $1.9B | $49.6M | $90.8M |
| 2023 | 18,007 | $1.7B | $47.9M | $85.8M |
| 2022 | 18,797 | $1.4B | $49.2M | $86.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $953,989 | — | $953,989 |
| EMPOWER ADVISORY GROUP, LLC | NONE | $179,684 | — | $179,684 |
| MCLAREN HEALTH CARE CORPORATION DBA | NONE | $129,132 | — | $129,132 |
| QDRO CONSULTANTS | NONE | $7,500 | — | $7,500 |
| PLANTE MORAN | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,270,305
- Estimated Expense Ratio: 0.068% 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 | $748,262 | — | — | — | — |
| 2023 | $716,383 | — | — | — | — |
| 2022 | $1,019,480 | $346 | $829,584 | — | $18,772 |