Plan Snapshot
- Plan Sponsor: Wayne Memorial Hospital, INC.
- Sponsor EIN: 561484844
- Sponsor Address: POST OFFICE BOX 8001, GOLDSBORO, NC, 275338001
- Plan Type: DB
- Total Participants: 203
- Total Assets: $126.5M
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 | 203 | $126.5M | $0 | $0 |
| 2023 | 221 | $132.1M | $6.0M | $0 |
| 2022 | 263 | $122.8M | $0 | $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 |
|---|---|---|---|---|
| SUN LIFE CAPITAL MANAGEMENT | Other Service Provider | $218,790 | — | $218,790 |
| CAPFINANCIAL PARTNERS, LLC | Other Service Provider | $94,267 | — | $94,267 |
| TRUIST BANK | Other Service Provider | $36,078 | — | $36,078 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $349,135
- Estimated Expense Ratio: 0.276% 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 | $349,135 | $313,057 | — | — | — |
| 2023 | $208,321 | $170,339 | — | — | — |
| 2022 | $272,220 | $192,400 | — | — | $79,820 |