Plan Snapshot
- Plan Sponsor: Northwest Michigan Surgery Center
- Sponsor EIN: 383551681
- Sponsor Address: 4100 PARK FOREST DRIVE, TRAVERSE CITY, MI, 49684
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 193
- Total Assets: $9.7M
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. |
|---|---|---|---|---|
| 2025 | 193 | $9.7M | $0 | $0 |
| 2024 | 151 | $8.7M | $368,646 | $528,485 |
| 2023 | 140 | $7.7M | $329,346 | $480,569 |
| 2022 | 128 | $6.3M | $306,807 | $400,874 |
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 |
|---|---|---|---|---|
| STIFEL, NICOLAUS & COMPANY, INC | Investment Advisor | $25,000 | — | $25,000 |
| TRANSAMERICA RETIREMENT SOLUTIONS, | Recordkeeper | $14,813 | — | $14,813 |
| RETIREMENT PLAN CONCEPTS & SERVICES | Recordkeeper | $9,372 | $321 | $9,693 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,506
- Estimated Expense Ratio: 0.512% 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 |
|---|---|---|---|---|---|
| 2025 | $1,085,444 | — | $49,590 | — | — |
| 2024 | $58,351 | — | $49,984 | — | — |
| 2023 | $54,875 | — | $47,500 | — | — |
| 2022 | $25,962 | — | $21,582 | — | — |