Retirement plan

LAPEER COUNTY SURGERY CENTER, 401(K) PROFIT SHARING PLAN & TRUST

Name: LAPEER COUNTY SURGERY CENTER L - LAPEER COUNTY SURGERY CENTER, 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: LAPEER COUNTY SURGERY CENTER L
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAPEER COUNTY SURGERY CENTER, 401(K) PROFIT SHARING PLAN & TRUST, LAPEER COUNTY SURGERY CENTER L

LAPEER COUNTY SURGERY CENTER LEIN 20-2918877Plan #001PY 2020

1546 CALLIS RD - LAPEER, MI 48446810-667-4000lapeercountysurgerycenter.comLinkedIn11-50 employeeshospital & health care

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$185K

+34.1% from 2019

Total participants

+17.6% from 2019

Average account balance

$5,591

+22.0% from 2019

Annual return

14.01%

-7.85 pp from 2019

Benchmarks

See 2,372 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,372 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$589K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

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.

126.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$108K

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

+14.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$2K

$59 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.827%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,591

$63,764-91.2%

$81,926-93.2%

$79,858-93.0%

Participation rate

73.1%

67.5%+5.6pp

72.0%+1.1pp

69.6%+3.4pp

Annual return

14.01%

22.66%-8.7pp

29.49%-15.5pp

31.72%-17.7pp

Employer contribution / active EE

$1,795-100.0%

$4,310-100.0%

$2,471-100.0%

Participant deferral / active EE

$1,066

$2,780-61.7%

$7,108-85.0%

$3,740-71.5%

Admin fee / account holder

$46

$4,426-99.0%

$5,159-99.1%

$5,306-99.1%

LAPEER COUNTY SURGERY CENTER, 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAPEER COUNTY SURGERY CENTER, 401(K) PROFIT SHARING PLAN & TRUST

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