Plan Snapshot
- Plan Sponsor: Spectrum Health Systems, INC.
- Sponsor EIN: 042478978
- Sponsor Address: 149 OAK STREET, WESTBOROUGH, MA, 01581
- Plan Type: DC
- Total Participants: 1,174
- Total Assets: $23.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 1,174 | $23.6M | $1.8M | $2.6M |
| 2023 | 1,177 | $18.6M | $975,634 | $2.0M |
| 2022 | 927 | $14.8M | $848,132 | $1.8M |
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 |
|---|---|---|---|---|
| BOLLUS LYNCH, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $14,273 | — | — | — | — |
| 2023 | $6,596 | — | — | — | — |
| 2022 | $2,979 | — | — | — | — |