Retirement plan

SCHUYLER HOSPITAL EMPLOYEE RETIREMENT SAVINGS PLAN

Name: SCHUYLER HOSPITAL - SCHUYLER HOSPITAL EMPLOYEE RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: SCHUYLER HOSPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHUYLER HOSPITAL EMPLOYEE RETIREMENT SAVINGS PLAN, SCHUYLER HOSPITAL

SCHUYLER HOSPITALEIN 15-0533564Plan #002PY 2023

220 STEUBEN STREET - MONTOUR FALLS, NY 14865607-535-8639schuylerhospital.orgLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$14.3M

+10.4% from 2022

Total participants

514

+24.2% from 2022

Average account balance

$39,557

+9.5% from 2022

Annual return

13.50%

+26.44 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.84M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

345

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.

45.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$364

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 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.8 years Service code 13 · EIN 27-2037969	Contract Administrator	$46,083
KESTRA INVESTMENT SERVICES LLC8 years Filed as: KESTRA INVESTMENT SERVICES, LLC Service code 28 · EIN 74-2794194 5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735	Investment Management	$33,203
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (discretionary); Trustee (dir...	$5,312

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

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

$85K

$228 / participant

Recordkeeping$4K4.7%
Trustee / custodial$5K6.3%
Investment mgmt$33K39.2%
Contract admin$42K49.8%

% of EOY assets

0.591%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,557

$47,163-16.1%

$149,696-73.6%

$74,460-46.9%

Participation rate

59.0%

63.4%-4.4pp

78.8%-19.7pp

70.7%-11.7pp

Annual return

13.50%

22.75%-9.3pp

134.46%-121.0pp

34.38%-20.9pp

Employer contribution / active EE

$1,168

$1,907-38.7%

$4,821-75.8%

$2,638-55.7%

Participant deferral / active EE

$2,058

$2,730-24.6%

$5,682-63.8%

$4,530-54.6%

Admin fee / account holder

$234

$343-31.9%

$13,212-98.2%

$348-32.8%

Provider

Service type

Compensation

NEWPORT GROUP, INC.8 years

Service code 13 · EIN 27-2037969

Contract Administrator

$46,083

KESTRA INVESTMENT SERVICES LLC8 years

Filed as: KESTRA INVESTMENT SERVICES, LLC

Service code 28 · EIN 74-2794194

5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735

Investment Management

$33,203

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (discretionary); Trustee (dir...

$5,312

SCHUYLER HOSPITAL EMPLOYEE RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHUYLER HOSPITAL EMPLOYEE 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