Plan Snapshot
- Plan Sponsor: Mcleod Health
- Sponsor EIN: 510473500
- Sponsor Address: 555 EAST CHEVES STREET, FLORENCE, SC, 295062617
- Plan Type: 401(k)
- Total Participants: 11,131
- Total Assets: $808.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 11,131 | $808.7M | $16.7M | $48.2M |
| 2023 | 10,211 | $709.7M | $15.2M | $42.5M |
| 2022 | 9,946 | $589.1M | $14.2M | $38.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $593,279 | — | $593,279 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $147,424 | — | $147,424 |
| MERCER INVESTMENT MANAGEMENT INC | Investment Advisor | $67,138 | — | $67,138 |
| GREERWALKER | Recordkeeper | $46,800 | — | $46,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
- GREERWALKER — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $854,641
- Estimated Expense Ratio: 0.106% 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 | $852,222 | $214,562 | $1,200 | $46,800 | — |
| 2023 | $707,700 | $135,555 | $2,100 | $15,000 | — |
| 2022 | $743,940 | $97,304 | — | — | — |