Plan Snapshot
- Plan Sponsor: Munson Healthcare
- Sponsor EIN: 382640544
- Sponsor Address: 1105 6TH STREET, TRAVERSE CITY, MI, 49684
- Plan Type: 401(k)
- Total Participants: 8,394
- Total Assets: $123.9M
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 | 8,394 | $123.9M | $13.6M | $459,853 |
| 2023 | 8,478 | $107.1M | $12.8M | $472,775 |
| 2022 | 8,421 | $88.9M | $12.0M | $502,491 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $135,544 | — | $135,544 |
| WARNER NORCROSS & JUDD LLP | LEGAL | $35,051 | — | $35,051 |
| STIFEL, NICOLAUS & CO | INVESTMENT ADVISOR | $16,648 | — | $16,648 |
| PLANTE & MORAN, PLLC | Auditor | $4,750 | — | $4,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- WARNER NORCROSS & JUDD LLP — LEGAL
- STIFEL, NICOLAUS & CO — INVESTMENT ADVISOR
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $191,993
- Estimated Expense Ratio: 0.155% 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 | $191,993 | $16,648 | — | $4,750 | — |
| 2023 | $191,698 | $15,378 | — | $13,750 | — |
| 2022 | $221,600 | $18,130 | — | — | $60,601 |