Plan Snapshot
- Plan Sponsor: Olean General Hospital
- Sponsor EIN: 160743102
- Sponsor Address: 515 MAIN STREET, OLEAN, NY, 147601513
- Plan Type: DB
- Plan Number: 003
- Total Participants: 124
- Total Assets: $24.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 124 | $24.8M | $659,622 | $0 |
| 2023 | 124 | $24.5M | $454,000 | $0 |
| 2022 | 132 | $23.4M | $775,000 | $0 |
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 |
|---|---|---|---|---|
| BOOMERSHINE CONSULTING GROUP, LLC | Other Service Provider | $97,660 | — | $97,660 |
| PRIME BUCKHOLZ & ASSOCIATES | Other Service Provider | $41,326 | — | $41,326 |
| FIFTH THIRD BANK | Other Service Provider | $32,561 | — | $32,561 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $5,515 | — | $5,515 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $177,062
- Estimated Expense Ratio: 0.714% 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 | $352,408 | $46,841 | — | — | — |
| 2023 | $428,619 | $45,275 | — | — | — |
| 2022 | $692,241 | $41,083 | — | — | $153,628 |