Retirement plan

HEYWOOD HOSPITAL EMPLOYEE RETIREMENT SAVINGS PLAN

Name: HEYWOOD HOSPITAL - HEYWOOD HOSPITAL EMPLOYEE RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: HEYWOOD HOSPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEYWOOD HOSPITAL EMPLOYEE RETIREMENT SAVINGS PLAN, HEYWOOD HOSPITAL

HEYWOOD HOSPITALEIN 04-2103581Plan #002PY 2024

242 GREEN STREET - GARDNER, MA 01440978-630-6360

Prospect flagsLow participationFailed to transmit contributions

Top hat statement on fileNQDC

Filed October 9, 2012

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)

$88.2M

+9.9% from 2023

Total participants

1,931

+1.0% from 2023

Average account balance

$82,168

+18.6% from 2023

Annual return

13.09%

-2.07 pp from 2023

Benchmarks

See 1,429 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,429 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$88.25M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

1,074

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.

48.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144

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
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Sales loads (front end and deferred);...	$84,420
CAPFINANCIAL PARTNERS LLC2 years Filed as: CAPFINANCIAL PARTNERS Service code 27 · EIN 26-0058143	Advisory (Plan)	$65,000
CHARLES SCHWAB & CO., INC.10+ years Filed as: CHARLES SCHWAB & CO INC Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$4,648
CHARLES SCHWAB & CO., INC.10+ years Service code 33	Securities brokerage; Securities brok...	$0
MID ATLANTIC CAPITAL CORPORATION10+ years Service code 33 · EIN 25-1409618	Securities brokerage commissions and ...	$0
NATIONAL FINANCIAL SERVICES10+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2L2M2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

2 tripped

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

$154K

$92 / participant

Recordkeeping$84K54.8%
Investment mgmt$70K45.2%
Contract admin$1000.1%

% of EOY assets

0.175%

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, LLC
Auditor EIN: 994708358
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,168

$53,204+54.4%

$155,556-47.2%

$200,096-58.9%

Participation rate

48.7%

64.1%-15.4pp

78.2%-29.5pp

72.0%-23.3pp

Annual return

13.09%

41.02%-27.9pp

64.84%-51.8pp

34.26%-21.2pp

Employer contribution / active EE

$1,262

$1,850-31.8%

$4,675-73.0%

$3,038-58.4%

Participant deferral / active EE

$3,397

$3,163+7.4%

$5,631-39.7%

$5,090-33.3%

Admin fee / account holder

$144

$186-22.7%

$15,885-99.1%

$269-46.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Sales loads (front end and deferred);...

$84,420

CAPFINANCIAL PARTNERS LLC2 years

Filed as: CAPFINANCIAL PARTNERS

Service code 27 · EIN 26-0058143

Advisory (Plan)

$65,000

CHARLES SCHWAB & CO., INC.10+ years

Filed as: CHARLES SCHWAB & CO INC

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$4,648

CHARLES SCHWAB & CO., INC.10+ years

Service code 33

Securities brokerage; Securities brok...

MID ATLANTIC CAPITAL CORPORATION10+ years

Service code 33 · EIN 25-1409618

Securities brokerage commissions and ...

NATIONAL FINANCIAL SERVICES10+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

HEYWOOD HOSPITAL EMPLOYEE RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEYWOOD HOSPITAL EMPLOYEE RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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