Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF HUTHER-DOYLE MEMORIAL INSTITUTE, INC.

Name: HUTHER-DOYLE MEMORIAL INSTITUT - 403(B) THRIFT PLAN FOR EMPLOYEES OF HUTHER-DOYLE MEMORIAL INSTITUTE, INC. (2022) Form 5500
Creator: HUTHER-DOYLE MEMORIAL INSTITUT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF HUTHER-DOYLE MEMORIAL INSTITUTE, INC., HUTHER-DOYLE MEMORIAL INSTITUT

HUTHER-DOYLE MEMORIAL INSTITUTEIN 22-2238075Plan #001PY 2022

360 EAST AVE - ROCHESTER, NY 146042612585-325-5100LinkedIn51-200 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$933K

-6.2% from 2021

Total participants

0.0% from 2021

Average account balance

$13,518

-6.2% from 2021

Annual return

-18.37%

-39.85 pp from 2021

Benchmarks

See 9,360 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,360 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.43M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

135.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$188K

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

+14.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7092

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 codes2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$46K

$863 / participant

Other / not subdivided$46K100.0%

% of EOY assets

4.904%

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

$13,518

$54,370-75.1%

$82,763-83.7%

$68,490-80.3%

Participation rate

90.6%

63.9%+26.6pp

72.6%+18.0pp

67.9%+22.7pp

Annual return

-18.37%

-13.67%-4.7pp

702.45%-720.8pp

-7.85%-10.5pp

Employer contribution / active EE

$1,235

$2,219-44.3%

$3,008-58.9%

$2,597-52.4%

Participant deferral / active EE

$1,859

$3,247-42.8%

$4,395-57.7%

$4,028-53.9%

Admin fee / account holder

$663

$4,398-84.9%

$5,325-87.6%

$5,403-87.7%

403(B) THRIFT PLAN FOR EMPLOYEES OF HUTHER-DOYLE MEMORIAL INSTITUTE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF HUTHER-DOYLE MEMORIAL INSTITUTE, INC.

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