Plan Snapshot
- Plan Sponsor: Sheridan Community Hospital
- Sponsor EIN: 381369796
- Sponsor Address: 301 NORTH MAIN STREET, SHERIDAN, MI, 488849235
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 184
- Total Assets: $4.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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. |
|---|---|---|---|---|
| 2025 | 184 | $4.6M | $124,356 | $420,831 |
| 2024 | 176 | $4.2M | $115,166 | $347,213 |
| 2023 | 199 | $3.9M | $103,617 | $292,413 |
| 2022 | 133 | $3.2M | $99,019 | $230,949 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $9,900 | — | $9,900 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,900
- Estimated Expense Ratio: 0.215% 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 | $1,052,103 | — | — | — | — |
| 2024 | $32,019 | $4,295 | $27,724 | — | — |
| 2023 | $32,465 | — | $30,165 | — | — |
| 2022 | $32,515 | $4,200 | $28,315 | — | — |