Plan Snapshot
- Plan Sponsor: Southcoast Hospitals Group, INC.
- Sponsor EIN: 222592333
- Sponsor Address: 101 PAGE ST., NEW BEDFORD, MA, 02740
- Plan Type: 403(b)
- Total Participants: 8,109
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 8,109 | $1.1B | $26.3M | $47.7M |
| 2023 | 7,579 | $1.0B | $23.3M | $43.1M |
| 2022 | 6,876 | $950.0M | $23.4M | $41.3M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $421,959 | — | $421,959 |
| SAGEVIEW ADVISORY GROUP | CONSULTANT | $146,895 | — | $146,895 |
| CARON & BLETZER, PPLC | AUDITOR | $20,500 | — | $20,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- SAGEVIEW ADVISORY GROUP — CONSULTANT
- CARON & BLETZER, PPLC — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $589,354
- Estimated Expense Ratio: 0.052% 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 | $589,515 | $146,895 | — | $20,500 | — |
| 2023 | $687,748 | $131,000 | — | $19,000 | — |
| 2022 | $936,749 | $156,616 | — | — | $14,900 |