Plan Snapshot
- Plan Sponsor: Scotland Memorial Hospital, INC.
- Sponsor EIN: 560583151
- Sponsor Address: 500 LAUNCHWOOD DRIVE, LAURINBURG, NC, 28352
- Plan Type: 401(k)
- Total Participants: 1,428
- Total Assets: $79.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 1,428 | $79.2M | $3.7M | $4.9M |
| 2023 | 1,173 | $67.8M | $2.5M | $4.0M |
| 2022 | 1,131 | $57.1M | $2.7M | $3.8M |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $136,931 | $43,731 | — | — | — |
| 2023 | $147,267 | $147,267 | — | — | — |
| 2022 | $66,015 | -$2,273 | $68,588 | — | -$300 |