Plan Snapshot
- Plan Sponsor: Vernon Memorial Healthcare, INC.
- Sponsor EIN: 390806404
- Sponsor Address: 507 SOUTH MAIN STREET, VIROQUA, WI, 54665
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 592
- Total Assets: $63.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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. |
|---|---|---|---|---|
| 2025 | 592 | $63.7M | $0 | $0 |
| 2024 | 476 | $58.3M | $986,890 | $2.0M |
| 2023 | 447 | $53.6M | $500,014 | $959,409 |
| 2022 | 446 | $51.8M | $932,271 | $2.0M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Other Service Provider | $43,972 | — | $43,972 |
| CREATIVE PLANNING, INC. | Other Service Provider | $41,806 | — | $41,806 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,778
- Estimated Expense Ratio: 0.135% 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 |
|---|---|---|---|---|---|
| 2025 | $8,299,960 | $41,806 | $110,897 | — | — |
| 2024 | $147,081 | $77,618 | $42,260 | — | — |
| 2023 | $67,376 | $34,927 | — | — | — |
| 2022 | $131,201 | $54,697 | $60,546 | — | $15,958 |