Plan Snapshot
- Plan Sponsor: Spectrum Health Lakeland
- Sponsor EIN: 382609624
- Sponsor Address: 1234 NAPIER AVENUE, ST. JOSEPH, MI, 49085
- Plan Type: Health & Welfare
- Plan Number: 510
- Total Participants: 0
- Total Assets: $19.1M
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 | 0 | $19.1M | $782,225 | $0 |
| 2023 | 465 | $18.3M | $475,398 | $0 |
| 2022 | 0 | $15.9M | $759,984 | $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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON, LLC | Recordkeeper | $34,191 | — | $34,191 |
| CHARLES SCHWAB TRUST BANK | Recordkeeper | $33,137 | — | $33,137 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON, LLC — Recordkeeper
- CHARLES SCHWAB TRUST BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,328
- Estimated Expense Ratio: 0.353% 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 | $67,328 | — | — | — | — |
| 2023 | $52,754 | — | — | $2,000 | — |
| 2022 | $79,296 | $17,166 | — | — | $62,130 |