Plan Snapshot
- Plan Sponsor: Medical Educational Trust
- Sponsor EIN: 356321360
- Sponsor Address: 10 W CARMEL DR STE 260, CARMEL, IN, 460323365
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 2,378
- Total Assets: $260,150
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 | 2,378 | $260,150 | $1.3M | $0 |
| 2023 | 2,765 | $345,061 | $1.3M | $0 |
| 2022 | 2,649 | $173,508 | $1.7M | $0 |
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 |
|---|---|---|---|---|
| GBS ADMINISTRATORS, INC. | Other Service Provider | $26,212 | — | $26,212 |
| CBIZ CPAS P.C. | Other Service Provider | $5,230 | — | $5,230 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,442
- Estimated Expense Ratio: 12.086% 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 | $35,304 | $2,440 | $27,634 | $5,230 | — |
| 2023 | $45,941 | $2,039 | $34,568 | $9,334 | — |
| 2022 | $29,738 | $1,692 | $24,512 | — | $3,534 |