Plan Snapshot
- Plan Sponsor: Santiam Memorial Hospital
- Sponsor EIN: 930415219
- Sponsor Address: 1401 NORTH 10TH AVENUE, STAYTON, OR, 97383
- Plan Type: 401(k)
- Total Participants: 597
- Total Assets: $41.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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. |
|---|---|---|---|---|
| 2024 | 597 | $41.8M | $1.4M | $3.1M |
| 2023 | 621 | $35.0M | $1.5M | $2.9M |
| 2022 | 619 | $27.9M | $1.4M | $2.6M |
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 | $52,670 | — | $52,670 |
| CEDAR MOUNTAIN ADVISORS LLC | Other Service Provider | $28,093 | — | $28,093 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,763
- Estimated Expense Ratio: 0.193% 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 | $80,763 | — | — | — | — |
| 2023 | $35,450 | — | — | — | — |
| 2022 | $26,058 | — | $26,058 | — | — |