Retirement plan

NORTHERN LIGHT HEALTH RETIREMENT PARTNERSHIP PLAN

Name: EASTERN MAINE HEALTHCARE SYSTEMS D/B/A NORTHERN LIGHT HEALTH - NORTHERN LIGHT HEALTH RETIREMENT PARTNERSHIP PLAN (2024) Form 5500
Creator: EASTERN MAINE HEALTHCARE SYSTEMS D/B/A NORTHERN LIGHT HEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN LIGHT HEALTH RETIREMENT PARTNERSHIP PLAN, EASTERN MAINE HEALTHCARE SYSTEMS D/B/A NORTHERN LIGHT HEALTH

EASTERN MAINE HEALTHCARE SYSTEMS D/B/A NORTHERN LIGHT HEALTHEIN 01-0527066Plan #001PY 2024

43 WHITING HILL RD - BREWER, ME 04412207-973-7868

Other plans on this EIN

1 filing

#002Retirement-$1.18B assets

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed October 18, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$298.9M

+7.3% from 2023

Total participants

7,256

-12.9% from 2023

Average account balance

No prior year

Annual return

7.28%

-1.64 pp from 2023

Benchmarks

See 5 peers

Peer group

Industryany (size+type match)

Plan typeDB + DC

Participants1,000-4,999

Cohort5 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$298.87M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

2,954

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+7.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
NORTHERN TRUST COMPANY4 years Service code 25 · EIN 36-1561860 333 S WABASH AVE · CHICAGO, IL 60604	Directed Trustee	$380,266
NEPC, LLC4 years Service code 27 · EIN 26-1429809 255 STATE STREET · BOSTON, MA 02109	Advisory (Plan)	$232,635
USI CONSULTING GROUP4 years Service code 17 · EIN 06-1053228 ONE SEAGATE · TOLEDO, OH 436041558	Pension Consulting	$162,219
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Filed as: FIDELITY INVESTMENTS INST OPER CO Service code 60 · EIN 04-2647786 PO BOX 770002 · CINCINNATI, OH 452770027	Sub-TA Fees	$69,460
BERRY DUNN10+ years Service code 10 · EIN 01-0523282 2211 CONGRESS STREET · PORTLAND, ME 04102	Accounting	$10,535
THE SNOWMAN GROUP1 year Service code 49 · EIN 01-0309583 1 PRINTERS DRIVE · HERMON, ME 04401	Other Services	$6,063

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C1F2H3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A 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).
1F
Section 414(k) arrangement
Benefits are based partly on the balance of the separate account of the participant. Must also include appropriate defined contribution pension feature codes.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$5.9M

$1369 / participant

Investment mgmt$233K4.0%
Other trustee fees$380K6.5%
Contract admin$69K1.2%
Other / not subdivided$5M88.4%

% of EOY assets

1.970%

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: BDMP ASSURANCE, LLP
Auditor EIN: 994708358
Audit fees: $10,535
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$288,243-100.0%

$1,127,994-100.0%

$288,243-100.0%

Participation rate

0.0%

49.2%-49.2pp

66.7%-66.7pp

49.2%-49.2pp

Annual return

7.28%

10.96%-3.7pp

11.13%-3.8pp

10.96%-3.7pp

Employer contribution / active EE

$9,259

$7,650+21.0%

$25,095-63.1%

$7,650+21.0%

Participant deferral / active EE

$6,708-100.0%

$18,849-100.0%

$6,708-100.0%

Admin fee / account holder

$111-100.0%

$21,464-100.0%

$111-100.0%

Provider

Service type

Compensation

NORTHERN TRUST COMPANY4 years

Service code 25 · EIN 36-1561860

333 S WABASH AVE · CHICAGO, IL 60604

Directed Trustee

$380,266

NEPC, LLC4 years

Service code 27 · EIN 26-1429809

255 STATE STREET · BOSTON, MA 02109

Advisory (Plan)

$232,635

USI CONSULTING GROUP4 years

Service code 17 · EIN 06-1053228

ONE SEAGATE · TOLEDO, OH 436041558

Pension Consulting

$162,219

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Filed as: FIDELITY INVESTMENTS INST OPER CO

Service code 60 · EIN 04-2647786

PO BOX 770002 · CINCINNATI, OH 452770027

Sub-TA Fees

$69,460

BERRY DUNN10+ years

Service code 10 · EIN 01-0523282

2211 CONGRESS STREET · PORTLAND, ME 04102

Accounting

$10,535

THE SNOWMAN GROUP1 year

Service code 49 · EIN 01-0309583

1 PRINTERS DRIVE · HERMON, ME 04401

Other Services

$6,063

NORTHERN LIGHT HEALTH RETIREMENT PARTNERSHIP PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN LIGHT HEALTH RETIREMENT PARTNERSHIP PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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