Plan Snapshot
- Plan Sponsor: William Beaumont Hospital
- Sponsor EIN: 381459362
- Sponsor Address: BSC 433, HUMAN RESOURCES/RETIREMENT, SOUTHFIELD, MI, 48033
- Plan Type: DB
- Total Participants: 6,502
- Total Assets: $1.4B
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 | 6,502 | $1.4B | $125.9M | $0 |
| 2023 | 7,153 | $1.3B | $54.0M | $0 |
| 2022 | 7,852 | $1.2B | $31.0M | $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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | NONE | $704,643 | — | $704,643 |
| PRUDENTIAL INSURANCE COMPANY | NONE | $335,236 | — | $335,236 |
| MERCER INVESTMENTS LLC | NONE | $306,368 | — | $306,368 |
| NORTHERN TRUST COMPANY | NONE | $73,553 | — | $73,553 |
| GJC CPA'S & ADVISORS | NONE | $31,650 | — | $31,650 |
| PLANTE & MORAN, PLLC | Auditor | $31,650 | — | $31,650 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — NONE
- PRUDENTIAL INSURANCE COMPANY — NONE
- MERCER INVESTMENTS LLC — NONE
- GJC CPA'S & ADVISORS — NONE
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,483,100
- Estimated Expense Ratio: 0.105% 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 | $8,439,409 | $306,368 | $335,236 | $31,650 | — |
| 2023 | $12,156,020 | $170,593 | $364,095 | $31,650 | — |
| 2022 | $8,059,816 | — | $351,415 | — | $1,240,052 |