Plan Snapshot
- Plan Sponsor: Northwood Health Systems INC.
- Sponsor EIN: 550540374
- Sponsor Address: 111 19TH STREET, WHEELING, WV, 26003
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 474
- Total Assets: $15.7M
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 | 474 | $15.7M | $217,528 | $519,804 |
| 2023 | 491 | $15.7M | $895,110 | $554,998 |
| 2022 | 540 | $14.7M | $732,580 | $479,169 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH | Investment Advisor | — | $55,336 | $55,336 |
| FORT PITT CAPITAL GROUP LLC | Investment Advisor | $14,615 | — | $14,615 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $14,085 | — | $14,085 |
| GOFF BACKA ALFERA & COMPANY, LLC | Auditor | $7,250 | — | $7,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,286
- Estimated Expense Ratio: 0.580% 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 | $21,880 | $15,045 | — | — | — |
| 2023 | $56,317 | — | $49,617 | $6,700 | — |
| 2022 | $51,883 | — | $45,183 | — | $6,700 |