Plan Snapshot
- Plan Sponsor: William Beaumont Hospital
- Sponsor EIN: 381459362
- Sponsor Address: BSC 433, HUMAN RESOURCES/RETIREMENT, SOUTHFIELD, MI, 48033
- Plan Type: 403(b)
- Total Participants: 34,406
- Total Assets: $3.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 34,406 | $3.0B | $79.1M | $153.3M |
| 2023 | 34,160 | $2.6B | $46.6M | $145.3M |
| 2022 | 33,717 | $2.2B | $46.8M | $146.0M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER ADMIN/ADV | $1,509,424 | — | $1,509,424 |
| FINANCIAL ENGINES | ADVISOR | $1,282,985 | — | $1,282,985 |
| STIFEL PEARL STREET | INV ADVISOR | $94,500 | — | $94,500 |
| PLANTE & MORAN, PLLC | Auditor | $29,100 | — | $29,100 |
| GEORGE JOHNSON & COMPANY | AUDITOR | $29,100 | — | $29,100 |
| WILLIS TOWERS WATSON | ACTUARIAL | $28,800 | — | $28,800 |
| LINCOLN FINANCIAL | CONTRACT ADMIN | $12,750 | — | $12,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER ADMIN/ADV
- STIFEL PEARL STREET — INV ADVISOR
- PLANTE & MORAN, PLLC — Auditor
- GEORGE JOHNSON & COMPANY — AUDITOR
- WILLIS TOWERS WATSON — ACTUARIAL
- LINCOLN FINANCIAL — CONTRACT ADMIN
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,986,659
- Estimated Expense Ratio: 0.101% 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 | $2,950,345 | $1,920,241 | $12,750 | $29,100 | — |
| 2023 | $2,869,241 | $1,774,597 | $19,575 | $29,100 | — |
| 2022 | $2,988,646 | — | — | — | — |