Retirement plan
BRONSON HEALTHCARE GROUP, INC. 403(B) TAX SHELTERED MATCHING PLAN
BRONSON HEALTHCARE GROUP, INC.EIN 38-2418383Plan #003PY 2021
Other plans on this EIN
1 filingProspect flagsFailed to provide benefitCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
PAT MCCANN
Signed 10/17/2022
Summary metrics
Total assets (EOY)
$1013.5M
-12.5% from 2016
Total participants
11,334
-9.3% from 2016
Average account balance
$94,516
-3.1% from 2016
Annual return
15.75%
-5.91 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort226 peers
Snapshot2021
55
Participant deferral / active EE
$4,556
median $3,834
77
Employer contribution / active EE
$4,034
median $1,640
63
Participation rate
93.3%
median 85.8%
81
Avg account balance
$94,516
median $56,177
98
Admin fee / account holder
-$2
median $56
68
Annual return
15.75%
median 14.70%
Overall peer rank
74of 100
74th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$1.18B
Average account balance
Total assets / participants with a balance (line 6g)
$99K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
11,927
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
93.6%
Contributions (total)
Employer and participant dollars contributed each year
$84.42M
Contributions per participant
Average employer and participant contribution per enrolled participant
$9K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.60%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$81
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524 | Advisory (Plan) | $24,895 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$47,386 |
Top hat statement on fileNQDC
Filed April 1, 2022 (most recent of 3 filings on file)
Plan administrator
Plans declared (1)
- Bronson Healthcare Group Supplemental Retention Plan for CEO1 emp
Plan features & details
Pension benefit codes2T2L2M2R
Plan features
- 2LCode section 403(b)(1) arrangementPlan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
- 2MCode section 403(b)(7) accountsPlan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
Opportunity flags
2 tripped
- ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
-$25K
$-3 / participant
- Investment mgmt$25K0.0%
% of EOY assets
-0.002%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- PLANTE & MORAN
- Auditor EIN
- 381359751
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified