Plan Snapshot
- Plan Sponsor: Shenandoah Valley Medical System INC.
- Sponsor EIN: 550563741
- Sponsor Address: 99 TAVERN RD, MARTINSBURG, WV, 254021146
- Plan Type: 403(b)
- Total Participants: 300
- Total Assets: $16.2M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 300 | $16.2M | $354,032 | $707,828 |
| 2023 | 260 | $15.2M | $400,445 | $899,155 |
| 2022 | 303 | $14.2M | $398,098 | $1.0M |
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 |
|---|---|---|---|---|
| SMITH ELLIOTT KEARNS AND COMPANY | Auditor | $16,000 | — | $16,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SMITH ELLIOTT KEARNS AND COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,000
- Estimated Expense Ratio: 0.099% 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 | $50,500 | $25,000 | $9,500 | $16,000 | — |
| 2023 | $40,211 | $25,000 | $9,216 | $5,995 | — |
| 2022 | $42,182 | — | $42,182 | — | — |