Plan Snapshot
- Plan Sponsor: Munson Healthcare
- Sponsor EIN: 382640544
- Sponsor Address: 1105 6TH STREET, TRAVERSE CITY, MI, 49684
- Plan Type: 403(b)
- Total Participants: 8,230
- Total Assets: $485.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 8,230 | $485.7M | $7.5M | $35.6M |
| 2023 | 8,307 | $436.1M | $6.8M | $34.4M |
| 2022 | 8,262 | $377.4M | $7.4M | $33.7M |
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 | $534,521 | — | $534,521 |
| STIFEL, NICOLAUS & COMPANY, INC. | BROKER | $73,352 | — | $73,352 |
| WARNER NORCROSS & JUDD LLP | LEGAL | $12,216 | — | $12,216 |
| PLANTE & MORAN | 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
- STIFEL, NICOLAUS & COMPANY, INC. — BROKER
- WARNER NORCROSS & JUDD LLP — LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $624,839
- Estimated Expense Ratio: 0.129% 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 | $624,840 | $73,352 | — | $4,750 | — |
| 2023 | $668,500 | $74,624 | $13,750 | — | — |
| 2022 | $699,046 | $84,738 | $27,450 | — | $6,183 |