Retirement plan
BRONSON HEALTHCARE GROUP, INC. 403(B) TAX SHELTERED MATCHING PLAN
BRONSON HEALTHCARE GROUP, INC.EIN 38-2418383Plan #003PY 2022
Other plans on this EIN
1 filingProspect flagsLow returns
Filing contacts
From the Form 5500, federal recordPlan administrator signer
PAT MCCANN
Signed 10/10/2023
Summary metrics
Total assets (EOY)
$841.4M
-12.5% from 2016
Total participants
11,196
-9.3% from 2016
Average account balance
$76,783
-3.1% from 2016
Annual return
-18.33%
-5.91 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort229 peers
Snapshot2022
67
Participant deferral / active EE
$5,635
median $3,899
71
Employer contribution / active EE
$3,620
median $1,777
83
Participation rate
97.2%
median 87.2%
82
Avg account balance
$76,783
median $46,510
97
Admin fee / account holder
$1
median $55
4
Annual return
-18.33%
median -15.68%
Overall peer rank
67of 100
67th 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 5 by compensation
| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $81,244 |
Service code 16 · EIN 26-0058143 | Consulting | $70,000 |
IGRAD INC.1 year Service code 49 · EIN 26-4099061 | Other Services | $58,244 |
PLANTE MORAN1 year Service code 10 · EIN 38-1357951 | Accounting | $21,299 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$220,119 |
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 codes2L2M2R2T
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
1 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$8K
$1 / participant
- Investment mgmt$81K1050.9%
% of EOY assets
0.001%
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