Plan Snapshot
- Plan Sponsor: Richmond Medical Center
- Sponsor EIN: 743177454
- Sponsor Address: 355 BARD AVENUE, STATEN ISLAND, NY, 10310
- Plan Type: 403(b)
- Total Participants: 529
- Total Assets: $83.0M
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 | 529 | $83.0M | $5.3M | $0 |
| 2023 | 501 | $73.2M | $6.1M | $0 |
| 2022 | 1,300 | $101.3M | $0 | $7.7M |
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 |
|---|---|---|---|---|
| USI CONSULTING GROUP | NONE | $75,409 | — | $75,409 |
| BAKER TILLY, US LLP | NONE | $28,750 | — | $28,750 |
| BAKER TILLY US, LLP | Auditor | $28,750 | — | $28,750 |
| USI ADVISORS | NONE | $15,657 | — | $15,657 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $148,566
- Estimated Expense Ratio: 0.179% 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 | $481,131 | $15,657 | — | $28,750 | — |
| 2023 | $771,754 | $40,249 | — | $36,435 | — |
| 2022 | $56,696 | $34,031 | — | — | $19,845 |