Plan Snapshot
- Plan Sponsor: Methodist Retirement Communities
- Sponsor EIN: 741403088
- Sponsor Address: 1440 LAKE FRONT CIRCLE, SUITE 140, THE WOODLANDS, TX, 773803607
- Plan Type: 401(k)
- Total Participants: 873
- Total Assets: $12.1M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 873 | $12.1M | $649,504 | $1.2M |
| 2023 | 562 | $10.1M | $346,982 | $845,300 |
| 2022 | 543 | $8.3M | $319,288 | $798,746 |
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 |
|---|---|---|---|---|
| BALLEW ADVISORS, INC. | Other Service Provider | $31,443 | — | $31,443 |
| COMPENSATION STRATEGIES GROUP, LTD. | Recordkeeper | $12,331 | — | $12,331 |
| JOHN HANCOCK LIFE INSURANCE CO USA | Recordkeeper | $9,718 | — | $9,718 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE CO USA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,492
- Estimated Expense Ratio: 0.442% 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 | $99,047 | $31,443 | $55,273 | — | — |
| 2023 | $83,188 | $26,140 | $45,687 | — | — |
| 2022 | $65,955 | $24,026 | $38,404 | — | $3,525 |