Plan Snapshot
- Plan Sponsor: Monument Health, INC.
- Sponsor EIN: 201487506
- Sponsor Address: 353 FAIRMONT BLVD., RAPID CITY, SD, 57701
- Plan Type: 403(b)
- Plan Number: 002
- Total Participants: 5,494
- Total Assets: $364.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 5,494 | $364.8M | $10.6M | $29.8M |
| 2023 | 5,261 | $300.9M | $11.7M | $29.3M |
| 2022 | 5,203 | $233.8M | $13.9M | $28.1M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $120,964 | — | $120,964 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $81,250 | — | $81,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $202,214
- Estimated Expense Ratio: 0.055% 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 | $194,910 | $167,864 | $2,700 | — | — |
| 2023 | $310,627 | $126,193 | $600 | — | — |
| 2022 | $292,610 | $106,237 | — | — | — |