# Methodist Home For Children 403(b) Plan
Source: https://planprovider.pro/companies/methodist-home-for-children-403b-plan-002

> Methodist Home For Children's 403(b) plan: 365 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Methodist Home For Children

- **Sponsor EIN:** 560547482

- **Sponsor Address:** 1041 WASHINGTON STREET, RALEIGH, NC, 276051259

- **Plan Type:** 403(b)

- **Total Participants:** 365

- **Total Assets:** $12.4M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **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|365|$12.4M|$150,216|$466,926|

| 2023|355|$9.6M|$140,361|$393,247|

| 2022|258|$8.1M|$154,308|$413,336|

## 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|

| MUTUAL OF AMERCIA LIFE INSURANCE CO|RECORDKEEPER|$6,219|—|$6,219|

| WILLIAMS OVERMAN PIERCE, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WILLIAMS OVERMAN PIERCE, LLP](https://planprovider.pro/provider/williams-overman-pierce-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $6,219

- **Estimated Expense Ratio:** 0.050% 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|$4,007|$4,007|—|—|—|

| 2023|$3,560|—|$3,560|—|—|

| 2022|$3,802|—|$3,802|—|—|

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