Plan Snapshot
- Plan Sponsor: Shannon Medical Center
- Sponsor EIN: 752559845
- Sponsor Address: 120 EAST HARRIS AVENUE, SAN ANGELO, TX, 76903
- Plan Type: 401(k)
- Total Participants: 4,417
- Total Assets: $460.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 4,417 | $460.8M | $9.6M | $19.8M |
| 2023 | 4,021 | $408.2M | $8.6M | $18.0M |
| 2022 | 3,560 | $338.5M | $7.8M | $15.9M |
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 |
|---|---|---|---|---|
| MILLIMAN, INC. | Recordkeeper | $481,269 | — | $481,269 |
| COOK STREET CONSULTING | Recordkeeper | $63,750 | — | $63,750 |
| CHARLES SCHWAB TRUST BANK | Recordkeeper | $57,894 | — | $57,894 |
| FORVIS LLP | Auditor | $13,650 | — | $13,650 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — Recordkeeper
- COOK STREET CONSULTING — Recordkeeper
- CHARLES SCHWAB TRUST BANK — Recordkeeper
- FORVIS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $616,563
- Estimated Expense Ratio: 0.134% 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 | $619,802 | $63,750 | — | $13,650 | — |
| 2023 | $572,055 | — | — | $16,485 | — |
| 2022 | $535,301 | — | — | — | $535,301 |