Retirement plan

KANSAS MEDICAL CENTER, LLC PROFIT SHARING/401(K) PL & TR

Name: KANSAS MEDICAL CENTER, LLC - KANSAS MEDICAL CENTER, LLC PROFIT SHARING/401(K) PL & TR (2023) Form 5500
Creator: KANSAS MEDICAL CENTER, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KANSAS MEDICAL CENTER, LLC PROFIT SHARING/401(K) PL & TR, KANSAS MEDICAL CENTER, LLC

KANSAS MEDICAL CENTER, LLCEIN 20-1853760Plan #001PY 2023

1124 W 21ST STREET - ANDOVER, KS 67002785-537-0366ksmedcenter.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh retiree %Failed to transmit contributions

How to read this page

Total assets (EOY)

$24.2M

+1.4% from 2022

Total participants

670

+6.3% from 2022

Average account balance

$39,157

-4.8% from 2022

Annual return

14.22%

+25.13 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

$26.10M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

642

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.

81.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.64M

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

+12.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$169

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
KEATING FINANCIAL ADVISORY SERVICES5 years Service code 15 1011 POYNTZ AVE · MANHATTAN, KS 66502	Recordkeeping	$53,941
NATIONWIDE9+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$37,099
KEATING & ASSOCIATES, INC.9+ years Service code 15 1011 POYNTZ AVE · MANHATTAN, KS 66502	Recordkeeping	$35,154

Plan features & details

Pension benefit codes2E2F2J2K2T3D

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).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$97K

$301 / participant

Recordkeeping$37K38.3%
Investment mgmt$54K55.7%
Contract admin$6K6.0%

% of EOY assets

0.401%

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: REIGER, CARR & MONROE LLC CPA
Auditor EIN: 480573184
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,157

$47,163-17.0%

$149,696-73.8%

$74,460-47.4%

Participation rate

83.5%

63.4%+20.1pp

78.8%+4.8pp

70.7%+12.8pp

Annual return

14.22%

22.75%-8.5pp

134.46%-120.2pp

34.38%-20.2pp

Employer contribution / active EE

$2,032

$1,907+6.6%

$4,821-57.9%

$2,638-23.0%

Participant deferral / active EE

$3,256

$2,730+19.3%

$5,682-42.7%

$4,530-28.1%

Admin fee / account holder

$157

$343-54.2%

$13,212-98.8%

$348-54.9%

Provider

Service type

Compensation

KEATING FINANCIAL ADVISORY SERVICES5 years

Service code 15

1011 POYNTZ AVE · MANHATTAN, KS 66502

Recordkeeping

$53,941

NATIONWIDE9+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$37,099

KEATING & ASSOCIATES, INC.9+ years

Service code 15

1011 POYNTZ AVE · MANHATTAN, KS 66502

Recordkeeping

$35,154

KANSAS MEDICAL CENTER, LLC PROFIT SHARING/401(K) PL & TR

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KANSAS MEDICAL CENTER, LLC PROFIT SHARING/401(K) PL & TR

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