Plan Snapshot
- Plan Sponsor: Shore Memorial Hospital Dba Shore Medical Center
- Sponsor EIN: 210660835
- Sponsor Address: 100 MEDICAL CENTER WAY, SOMERS POINT, NJ, 08244
- Plan Type: 403(b)
- Total Participants: 252
- Total Assets: $41.8M
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 | 252 | $41.8M | $0 | $1.6M |
| 2023 | 285 | $39.5M | $0 | $1.7M |
| 2022 | 312 | $36.7M | $0 | $1.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $74,784 | — | $74,784 |
| JANNEY MONTGOMERY SCOTT LLC | NONE | $48,463 | — | $48,463 |
| GRANT THORNTON | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JANNEY MONTGOMERY SCOTT LLC — NONE
- GRANT THORNTON — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $123,247
- Estimated Expense Ratio: 0.295% 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 | $123,247 | $48,463 | — | — | — |
| 2023 | $114,611 | $46,098 | — | — | — |
| 2022 | $181,304 | $143,999 | $25,043 | — | $11,879 |