Plan Snapshot
- Plan Sponsor: Shore Medical Center
- Sponsor EIN: 210660835
- Sponsor Address: 100 MEDICAL CENTER WAY, SOMERS POINT, NJ, 082442340
- Plan Type: DB
- Total Participants: 233
- Total Assets: $168.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 233 | $168.5M | $4.5M | $0 |
| 2023 | 269 | $169.4M | $6.0M | $0 |
| 2022 | 288 | $151.8M | $10.0M | $0 |
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 |
|---|---|---|---|---|
| CBIZ | NONE | $199,139 | — | $199,139 |
| PNC | NONE | $157,955 | — | $157,955 |
| PRUDENTIAL INSURANCE COMPANY | NONE | $23,448 | — | $23,448 |
| CAPTRUST | NONE | $12,500 | — | $12,500 |
| GRANT THORNTON, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRUDENTIAL INSURANCE COMPANY — NONE
- CAPTRUST — NONE
- GRANT THORNTON, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $393,042
- Estimated Expense Ratio: 0.233% 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 | $491,516 | $193,902 | — | — | — |
| 2023 | $1,728,264 | $891,889 | — | — | — |
| 2022 | $1,994,465 | $787,898 | — | — | $410,807 |