Plan Snapshot
- Plan Sponsor: Washington Regional Medical Center
- Sponsor EIN: 710664687
- Sponsor Address: 3215 N. NORTH HILLS BLVD, FAYETTEVILLE, AR, 72703
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,060
- Total Assets: $4.9M
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 | 3,060 | $4.9M | $19.3M | $7.6M |
| 2023 | 2,892 | $3.1M | $20.3M | $6.8M |
| 2022 | 2,489 | $2.6M | $16.0M | $5.8M |
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 |
|---|---|---|---|---|
| BLUEADVANTAGE ADMINISTRATIONS | Other Service Provider | $1,174,513 | — | $1,174,513 |
| EXPRESS SCRIPTS | Other Service Provider | $203,766 | — | $203,766 |
| METROPOLITAN LIFE INSURANCE COMPANY | Other Service Provider | $115,523 | — | $115,523 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,493,802
- Estimated Expense Ratio: 30.518% 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 | $1,453,517 | — | $1,453,517 | — | — |
| 2023 | $1,121,485 | — | $1,121,485 | — | — |
| 2022 | $1,299,554 | — | $1,299,554 | — | — |