Plan Snapshot
- Plan Sponsor: Sarah Bush Lincoln Health Center
- Sponsor EIN: 237098532
- Sponsor Address: 1000 HEALTH CENTER DRIVE, MATTOON, IL, 619380372
- Plan Type: 401(k)
- Total Participants: 3,436
- Total Assets: $344.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,436 | $344.1M | $5.9M | $19.4M |
| 2023 | 3,157 | $294.6M | $5.4M | $16.5M |
| 2022 | 2,744 | $241.3M | $5.0M | $14.7M |
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 |
|---|---|---|---|---|
| FIRST MID WEALTH MANAGEMENT | Investment Advisor | $300,610 | — | $300,610 |
| PARKER POE ATTORNEYS AT LAW | ERISA Attorney | $8,608 | — | $8,608 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $309,218
- Estimated Expense Ratio: 0.090% 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 | $144,799 | — | $600 | — | — |
| 2023 | $192,086 | — | $1,500 | — | — |
| 2022 | $124,681 | — | — | — | — |