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.

Open the filing PDF

How to read this page

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 1,436 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,436 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Direct payment from the plan; Distrib...	$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 commissions and ...	$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 commissions and ...	$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

The auditor signed off without reservation. This is the cleanest opinion.

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

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,168

$53,136+54.6%

$155,509-47.2%

$199,593-58.8%

Participation rate

48.7%

64.1%-15.3pp

78.2%-29.4pp

72.0%-23.2pp

Annual return

13.09%

41.15%-28.1pp

64.67%-51.6pp

34.25%-21.2pp

Employer contribution / active EE

$1,262

$1,851-31.8%

$4,672-73.0%

$3,034-58.4%

Participant deferral / active EE

$3,397

$3,161+7.5%

$5,626-39.6%

$5,087-33.2%

Admin fee / account holder

$144

$185-22.6%

$15,912-99.1%

$269-46.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Direct payment from the plan; Distrib...

$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 commissions and ...

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 commissions and ...

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