Retirement plan

DAY KIMBALL HOSPITAL DEFINED CONTRIBUTION PLAN

Name: DAY KIMBALL HOSPITAL - DAY KIMBALL HOSPITAL DEFINED CONTRIBUTION PLAN (2023) Form 5500
Creator: DAY KIMBALL HOSPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAY KIMBALL HOSPITAL DEFINED CONTRIBUTION PLAN, DAY KIMBALL HOSPITAL

DAY KIMBALL HOSPITALEIN 06-0646599Plan #002PY 2023

320 POMFRET STREET - PUTNAM, CT 062601869860-928-6541daykimball.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

2 filings

#003Retirement-$2.5M assets #001Retirement--

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$56.4M

+16.6% from 2022

Total participants

1,537

-2.8% from 2022

Average account balance

$55,819

+15.0% from 2022

Annual return

18.24%

+34.45 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.73M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

1,042

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$221

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
HOOKER & HOLCOMBE, INC.7 years Filed as: HOOKER & HOLCOMBE RET SERVICES Service code 15 · EIN 20-0346540	Recordkeeping	$145,249
HOOKER & HOLCOMBE, INC.7 years Filed as: HOOKER & HOLCOMBE INV SERVICES Service code 27 · EIN 06-1461865	Advisory (Plan)	$59,541

Plan features & details

Pension benefit codes2E2F2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.

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

$205K

$196 / participant

Other / not subdivided$205K100.0%

% of EOY assets

0.363%

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: FORVIS MAZARS LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,819

$50,150+11.3%

$149,723-62.7%

$80,169-30.4%

Participation rate

49.5%

64.3%-14.8pp

78.8%-29.3pp

72.9%-23.5pp

Annual return

18.24%

29.80%-11.6pp

134.50%-116.3pp

40.39%-22.2pp

Employer contribution / active EE

$802

$1,868-57.1%

$4,821-83.4%

$2,978-73.1%

Participant deferral / active EE

$2,502

$3,195-21.7%

$5,682-56.0%

$5,016-50.1%

Admin fee / account holder

$203

$153+32.8%

$13,215-98.5%

$145+39.9%

Provider

Service type

Compensation

HOOKER & HOLCOMBE, INC.7 years

Filed as: HOOKER & HOLCOMBE RET SERVICES

Service code 15 · EIN 20-0346540

Recordkeeping

$145,249

HOOKER & HOLCOMBE, INC.7 years

Filed as: HOOKER & HOLCOMBE INV SERVICES

Service code 27 · EIN 06-1461865

Advisory (Plan)

$59,541

DAY KIMBALL HOSPITAL DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAY KIMBALL HOSPITAL DEFINED CONTRIBUTION 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