Plan Snapshot
- Plan Sponsor: Shenandoah Medical Center
- Sponsor EIN: 421101835
- Sponsor Address: 300 PERSHING AVENUE, SHENANDOAH, IA, 51601
- Plan Type: 403(b)
- Plan Number: 003
- Total Participants: 465
- Total Assets: $24.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 465 | $24.4M | $0 | $0 |
| 2024 | 367 | $21.0M | $765,066 | $1.5M |
| 2023 | 324 | $18.9M | $778,878 | $1.4M |
| 2022 | 327 | $15.6M | $742,226 | $1.4M |
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 |
|---|---|---|---|---|
| NATIONWIDE | Other Service Provider | $56,656 | — | $56,656 |
| WEALTHPLAN PARTNERS, INC. | Investment Advisor | $56,584 | — | $56,584 |
| BENEFIT PLANS, INC | Recordkeeper | $8,824 | $11,270 | $20,094 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $133,334
- Estimated Expense Ratio: 0.546% 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 |
|---|---|---|---|---|---|
| 2025 | $3,316,986 | $56,584 | $8,824 | — | — |
| 2024 | $54,715 | — | $54,715 | — | — |
| 2023 | $126,709 | $43,166 | $9,162 | — | — |
| 2022 | $104,051 | $37,371 | $66,680 | — | — |