# Shore Memorial Hospital Dba Shore Medical Center 403(b) Plan
Source: https://planprovider.pro/companies/shore-memorial-hospital-dba-shore-medical-center-403b-plan

> Shore Memorial Hospital Dba Shore Medical Center's 403(b) plan: 252 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/janney-montgomery-scott-llc) — NONE

- [GRANT THORNTON](https://planprovider.pro/provider/grant-thornton-llp) — 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|

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