Mount Desert Island Hospital 403(b) match, vesting and fees
What Mount Desert Island Hospital's 403(b) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | TIAA | Schedule C ↗ |
| Independent auditor | Wipfli LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,380 defined-contribution plans in health care and social assistance with 500 to 999 participants.
| Mount Desert Island Hospital: employer contribution per participant | $1,355 | |
| Peer median | $1,337 |
| Mount Desert Island Hospital: average balance | $89,029 | |
| Peer median | $35,764 |
| Mount Desert Island Hospital: admin expenses ÷ assets | 0.13% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $44.1M at the end of plan year 2023 to $49.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 774 | $49.6M | $754K | $1,355 | 0.13% | Not published | Form 5500 ↗ |
| 2023 | 773 | $44.1M | $696K | $1,273 | 0.00% | Not published | Form 5500 ↗ |
Common questions
Does Mount Desert Island Hospital match 401(k) contributions?
The match terms for the Mount Desert Island Hospital Employee Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $754K in employer contributions, about $1,355 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Mount Desert Island Hospital 401(k) match vested?
The vesting schedule for the Mount Desert Island Hospital Employee Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Mount Desert Island Hospital 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is TIAA. The plan administrator is Mount Desert Island Hospital.
I left Mount Desert Island Hospital. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Mount Desert Island Hospital, (207) 288-5082) or the recordkeeper, TIAA. The Mount Desert Island Hospital old 401(k) page lists the contacts from every plan filing. Find an old Mount Desert Island Hospital 401(k)
Data from the public Form 5500 annual reports Mount Desert Island Hospital filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Mount Desert Island Hospital. Not financial advice. Report a correction · Methodology