Plan Snapshot
- Plan Sponsor: Meridian Health Services Corp
- Sponsor EIN: 351302836
- Sponsor Address: 240 NORTH TILLOTSON AVENUE, MUNCIE, IN, 47304
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 807
- Total Assets: $300,354
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 | 807 | $300,354 | $9.6M | $2.0M |
| 2023 | 710 | $299,892 | $10.4M | $1.5M |
| 2022 | 670 | $299,729 | $9.9M | $1.4M |
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 |
|---|---|---|---|---|
| UNIFIED GROUP SERVICES, INC. | Other Service Provider | $303,508 | — | $303,508 |
| CAIRNSTONE FINANCIAL, LLC | Investment Advisor | $168,408 | — | $168,408 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $471,916
- Estimated Expense Ratio: 157.120% 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 | $471,591 | — | $471,591 | — | — |
| 2023 | $435,248 | — | $435,248 | — | — |
| 2022 | $393,372 | — | $393,372 | — | — |