Plan Snapshot
- Plan Sponsor: North Ottawa Community Hospital
- Sponsor EIN: 383330803
- Sponsor Address: 1309 SHELDON ROAD, GRAND HAVEN, MI, 49417
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 465
- Total Assets: $15.1M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 465 | $15.1M | $99,833 | $771,503 |
| 2022 | 470 | $13.2M | $90,678 | $755,161 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY WEALTH MANAGEMENT | Other Service Provider | $43,786 | — | $43,786 |
| USI CONSULTING GROUP | Other Service Provider | $41,604 | $1 | $41,605 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,391
- Estimated Expense Ratio: 0.564% 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 |
|---|---|---|---|---|---|
| 2023 | $85,390 | $43,786 | — | — | — |
| 2022 | $92,598 | $58,207 | — | — | $34,391 |