Plan Snapshot
- Plan Sponsor: Methodist Homes For The Aging
- Sponsor EIN: 630376518
- Sponsor Address: 1520 COOPER HILL ROAD, BIRMINGHAM, AL, 35210
- Plan Type: 401(k)
- Total Participants: 548
- Total Assets: $2.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 548 | $2.4M | $60,233 | $244,045 |
| 2023 | 546 | $2.3M | $47,263 | $219,068 |
| 2022 | 518 | $2.0M | $41,726 | $191,345 |
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 |
|---|---|---|---|---|
| CARR, RIGGS AND INGRAM, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $10,191 | $8,537 | — | — | — |
| 2023 | $14,808 | $7,716 | — | — | — |
| 2022 | $9,903 | $7,366 | — | — | — |