Retirement plan
BRONSON HEALTHCARE RETIREMENT PLAN
BRONSON HEALTHCARE GROUP, INC.EIN 38-2418383Plan #004PY 2023
601 JOHN STREET, BOX G - KALAMAZOO, MI 490075364269-341-6617LinkedIn1001-5000 employeesmedical practice
Other plans on this EIN
1 filingProspect flagsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
PATRICIA MCCANN
Signed 10/14/2024
Summary metrics
Total assets (EOY)
$306.1M
-12.8% from 2019
Total participants
4,489
+1.2% from 2019
Average account balance
$0
No prior year
Annual return
12.72%
-21.93 pp from 2019
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort100 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $214
0
Employer contribution / active EE
$0
median $4,624
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $13,363
0
Admin fee / account holder
$0
median $125
75
Annual return
12.72%
median 9.85%
Overall peer rank
75of 100
75th percentileavg across 6 metrics
Analytics
2018 - 2024
Total assets (EOY)
Plan-year ending balance
$317.50M
Average account balance
Total assets / participants with a balance (line 6g)
$75K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
2,215
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$10.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+9.81%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 by compensation
| Provider | Service type | Compensation |
|---|---|---|
WILLIS TOWERS WATSON US LLC6+ years Service code 11 · EIN 53-0181291 | Actuarial | $485,482 |
Service code 28 · EIN 47-2614791 | Investment Management | $321,351 |
Service code 27 · EIN 13-3200244 | Advisory (Plan) | $207,262 |
Service code 28 · EIN 22-3361201 | Investment Management | $198,456 |
Service code 27 · EIN 98-0202744 | Advisory (Plan) | $180,312 |
Service code 28 · EIN 13-3353336 | Investment Management | $175,497 |
D.F. DENT AND COMPANY, INC.5 years Service code 28 · EIN 52-1045317 | Investment Management | $123,390 |
SEGALL BRYANT & HAMILL, LLC2 years Service code 28 · EIN 35-2679129 | Investment Management | $117,082 |
WEDGE CAPITAL MANAGEMENT LLP2 years Service code 27 · EIN 56-1557450 | Advisory (Plan) | $86,426 |
PNC BANK, NATIONAL ASSOCIATION6+ years Service code 21 · EIN 22-1146430 | Bank Trustee | $77,245 |
Enrolled actuary
1 attachment
SB
MEGAN FOSTER
WILLIS TOWERS WATSON US LLC
Enrollment #2307582
26555 EVERGREEN
STE 1600
SOUTHFIELD, MI 48076
(248) 936-7700
Signed 2024-09-30
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 codes1A1C1I3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 1IFrozen planAs of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$3.9M
$1873 / participant
- Trustee / custodial$77K2.0%
- Investment mgmt$1M36.4%
- Actuarial$485K12.5%
- Other / not subdivided$2M49.1%
% of EOY assets
1.266%
all-in expense ratio
Categories reported
3 / 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, PLLC
- Auditor EIN
- 381357951
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified