Plan Snapshot
- Plan Sponsor: Sioux Center Health
- Sponsor EIN: 420796764
- Sponsor Address: 1101 9TH ST SE, SIOUX CENTER, IA, 512502501
- Plan Type: 401(k)
- Total Participants: 466
- Total Assets: $38.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 466 | $38.2M | $1.2M | $2.4M |
| 2023 | 435 | $32.5M | $1.0M | $2.2M |
| 2022 | 433 | $26.9M | $972,417 | $2.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $120,367 | — | $120,367 |
| EQUITABLE ADVISORS, LLC. | Other Service Provider | — | $42,499 | $42,499 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $162,866
- Estimated Expense Ratio: 0.426% 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 | $120,367 | — | $120,367 | — | — |
| 2023 | $96,509 | — | $96,509 | — | — |
| 2022 | $100,050 | — | $100,050 | — | — |