Plan Snapshot
- Plan Sponsor: Weirton Medical Center
- Sponsor EIN: 550387249
- Sponsor Address: 601 COLLIERS WAY, WEIRTON, WV, 26062
- Plan Type: 403(b)
- Total Participants: 1,341
- Total Assets: $60.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,341 | $60.6M | $942,466 | $3.2M |
| 2023 | 1,314 | $54.9M | $884,503 | $3.1M |
| 2022 | 1,298 | $46.3M | $839,833 | $2.9M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $181,431 | — | $181,431 |
| CARNEGIE INVESTMENT COUNCEL | Other Service Provider | — | $116,656 | $116,656 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $298,087
- Estimated Expense Ratio: 0.492% 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 | $181,456 | — | $178,831 | — | — |
| 2023 | $148,382 | — | $145,797 | — | — |
| 2022 | $144,785 | — | — | — | — |