Retirement plan

MID-STATE HEALTH CENTER RETIREMENT SAVINGS PLAN

Name: MID-STATE HEALTH CENTER - MID-STATE HEALTH CENTER RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: MID-STATE HEALTH CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MID-STATE HEALTH CENTER RETIREMENT SAVINGS PLAN, MID-STATE HEALTH CENTER

MID-STATE HEALTH CENTEREIN 02-0487172Plan #001PY 2021

101 BOULDER POINT DRIVE, SUITE 1 - PLYMOUTH, NH 032643170603-536-4000midstatehealth.orgLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.7M

+11.8% from 2020

Total participants

203

+11.5% from 2020

Average account balance

$49,638

+3.2% from 2020

Annual return

14.70%

-1.83 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.15M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

185

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.

73.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+19.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$279

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 2 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP5 years Service code 12 · EIN 93-1253576	Custodial (securities); Distribution ...	$37,635
COMMUNITY FINANCIAL SERVICES GROUP5 years Service code 27 · EIN 04-3626312	Advisory (Plan)	$28,484

Plan features & details

Pension benefit codes2F2G2M2T2L2S3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$64K

$405 / participant

Contract admin$64K100.0%

% of EOY assets

0.833%

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: TYLER, SIMMS & ST. SAUVEUR, P.C.
Auditor EIN: 020476956
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,638

$61,166-18.8%

$185,837-73.3%

$79,393-37.5%

Participation rate

70.4%

66.6%+3.8pp

81.7%-11.3pp

70.7%-0.3pp

Annual return

14.70%

19.45%-4.7pp

122.08%-107.4pp

116.87%-102.2pp

Employer contribution / active EE

$1,013

$2,321-56.4%

$5,168-80.4%

$2,428-58.3%

Participant deferral / active EE

$3,769

$2,789+35.1%

$5,568-32.3%

$4,046-6.9%

Admin fee / account holder

$413

$710-41.8%

$16,241-97.5%

$627-34.0%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP5 years

Service code 12 · EIN 93-1253576

Custodial (securities); Distribution ...

$37,635

COMMUNITY FINANCIAL SERVICES GROUP5 years

Service code 27 · EIN 04-3626312

Advisory (Plan)

$28,484

MID-STATE HEALTH CENTER RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MID-STATE HEALTH CENTER RETIREMENT SAVINGS 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