Plan Snapshot
- Plan Sponsor: Palmer Lutheran Health Center, INC
- Sponsor EIN: 421320763
- Sponsor Address: 112 JEFFERSON STREET, WEST UNION, IA, 52175
- Plan Type: 403(b)
- Total Participants: 173
- Total Assets: $17.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 173 | $17.9M | $640,686 | $1.2M |
| 2022 | 282 | $16.6M | $486,658 | $852,482 |
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 |
|---|---|---|---|---|
| RELIASTAR LIFE INSURACE COMPANY | Other Service Provider | — | $73,120 | $73,120 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,120
- Estimated Expense Ratio: 0.409% 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 | $105 | — | $105 | — | — |
| 2022 | $732 | $287 | $445 | — | — |