Plan Snapshot
- Plan Sponsor: Scheurer Hospital
- Sponsor EIN: 381456056
- Sponsor Address: 170 N. CASEVILLE ROAD, PIGEON, MI, 48755
- Plan Type: 401(k)
- Total Participants: 560
- Total Assets: $68.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 560 | $68.6M | $2.4M | $2.5M |
| 2023 | 479 | $60.8M | $1.3M | $2.1M |
| 2022 | 498 | $52.7M | $1.6M | $2.0M |
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 |
|---|---|---|---|---|
| THUMB BANK & TRUST | ADVISOR | — | $122,198 | $122,198 |
| NIETZKE & FAUPEL, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,198
- Estimated Expense Ratio: 0.178% 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 | $5,112 | — | — | — | — |
| 2023 | $1,624 | — | — | — | — |
| 2022 | $5,033 | — | — | — | — |