Plan Snapshot
- Plan Sponsor: Stewart Memorial Community Hospital
- Sponsor EIN: 420860039
- Sponsor Address: 1301 W MAIN STREET, LAKE CITY, IA, 51449
- Plan Type: 403(b)
- Total Participants: 258
- Total Assets: $25.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 258 | $25.5M | $392,532 | $1.4M |
| 2023 | 256 | $23.9M | $364,622 | $1.3M |
| 2022 | 255 | $21.0M | $301,575 | $1.2M |
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 | $139,581 | — | $139,581 |
| WELLS FARGO ADVISORS FIN NETWORK | Investment Advisor | — | $97,917 | $97,917 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $237,498
- Estimated Expense Ratio: 0.931% 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 | $139,581 | — | $139,581 | — | — |
| 2023 | $125,392 | — | $125,392 | — | — |
| 2022 | $119,423 | — | $119,423 | — | — |