# Shenandoah Valley Medical System INC. 403(b) Plan
Source: https://planprovider.pro/companies/shenandoah-valley-medical-system-inc-403b-plan

> Shenandoah Valley Medical System INC.'s 403(b) plan: 300 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/smith-elliott-kearns-and-company-llc) — 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|—|—|

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