Retirement plan

AMHC RETIREMENT PLAN

Name: AROOSTOOK MENTAL HEALTH SERVICES, INC. - AMHC RETIREMENT PLAN (2024) Form 5500
Creator: AROOSTOOK MENTAL HEALTH SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMHC RETIREMENT PLAN, AROOSTOOK MENTAL HEALTH SERVICES, INC.

AROOSTOOK MENTAL HEALTH SERVICES, INC.EIN 01-0276859Plan #001PY 2024

180 ACADEMY STREET, SUITE 3 - PRESQUE ISLE, ME 04769207-554-2352amhc.orgLinkedIn201-500 employeesmental health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$10.1M

+17.4% from 2023

Total participants

513

+2.2% from 2023

Average account balance

$31,504

+6.5% from 2023

Annual return

16.89%

-6.50 pp from 2023

Benchmarks

See 4,124 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,124 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$10.14M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$32K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

322

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

47.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$741K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.89%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$18

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
VALMARK ADVISERS INC1 year Service code 27 130 SPRINGSIDE DR STE 110 · AKRON, OH 44333	Advisory (Plan)	$23,738
RETIREMENT SOLUTION GROUP5 years Filed as: RETIREMENT SOLUTION GROUP LLC Service code 13 · EIN 20-2668095	Contract Administrator	$5,043
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 64 · EIN 04-2647786	Recordkeeping Fees	$1,765
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN Service code 64 · EIN 95-6817943	Recordkeeping Fees	$1,540

Plan features & details

Pension benefit codes2A2F2G2K2L2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$6K

$16 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.058%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CHESTER M. KEARNEY, PA
Auditor EIN: 010411241
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,504

$50,860-38.1%

$155,574-79.7%

$77,714-59.5%

Participation rate

47.2%

63.1%-15.9pp

78.2%-31.0pp

70.6%-23.3pp

Annual return

16.89%

34.86%-18.0pp

64.87%-48.0pp

31.26%-14.4pp

Employer contribution / active EE

$642

$1,991-67.7%

$4,676-86.3%

$2,727-76.4%

Participant deferral / active EE

$1,405

$2,825-50.3%

$5,629-75.0%

$4,649-69.8%

Admin fee / account holder

$18

$436-95.8%

$15,914-99.9%

$433-95.8%

Provider

Service type

Compensation

VALMARK ADVISERS INC1 year

Service code 27

130 SPRINGSIDE DR STE 110 · AKRON, OH 44333

Advisory (Plan)

$23,738

RETIREMENT SOLUTION GROUP5 years

Filed as: RETIREMENT SOLUTION GROUP LLC

Service code 13 · EIN 20-2668095

Contract Administrator

$5,043

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$1,765

AMERICAN FUNDS5 years

Filed as: CAPITAL GROUP RETIREMENT PLAN

Service code 64 · EIN 95-6817943

Recordkeeping Fees

$1,540

AMHC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMHC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion