Plan Snapshot
- Plan Sponsor: Owensboro Health, INC.
- Sponsor EIN: 611286361
- Sponsor Address: 1201 PLEASANT VALLEY ROAD, OWENSBORO, KY, 42303
- Plan Type: 403(b)
- Plan Number: 004
- Total Participants: 4,565
- Total Assets: $246.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 4,565 | $246.0M | $0 | $0 |
| 2024 | 3,740 | $205.2M | $10.3M | $16.2M |
| 2023 | 3,596 | $169.2M | $9.7M | $15.3M |
| 2022 | 3,766 | $137.1M | $9.3M | $14.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $277,726 | — | $277,726 |
| ADVISED ASSETS GROUP, LLC | Investment Advisor | $16,431 | — | $16,431 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $294,157
- Estimated Expense Ratio: 0.120% 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 | $20,904,269 | $16,431 | — | — | — |
| 2024 | $257,226 | $3,027 | $52,112 | — | — |
| 2023 | $287,418 | — | $285,143 | — | — |
| 2022 | $252,644 | — | $250,969 | — | — |