Plan Snapshot
- Plan Sponsor: Smdc Medical Center
- Sponsor EIN: 411878730
- Sponsor Address: 502 EAST 2ND STREET, DULUTH, MN, 558051913
- Plan Type: DB
- Total Participants: 39
- Total Assets: $16.2M
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 | 39 | $16.2M | $200,000 | $0 |
| 2023 | 51 | $18.0M | $200,000 | $0 |
| 2022 | 54 | $17.8M | $250,000 | $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 |
|---|---|---|---|---|
| NORTHERN TRUST COMPANY | Other Service Provider | $49,183 | — | $49,183 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,183
- Estimated Expense Ratio: 0.304% 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 | $49,183 | $2,427 | $6,250 | — | — |
| 2023 | $75,147 | $1,155 | $25,000 | — | — |
| 2022 | $77,892 | $1,605 | — | — | $75,961 |