Retirement plan

UPPER GREAT LAKES FAMILY HEALTH CENTER RETIREMENT PLAN

Name: UPPER GREAT LAKES FAMILY HEATH CENTER - UPPER GREAT LAKES FAMILY HEALTH CENTER RETIREMENT PLAN (2017) Form 5500
Creator: UPPER GREAT LAKES FAMILY HEATH CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPPER GREAT LAKES FAMILY HEALTH CENTER RETIREMENT PLAN, UPPER GREAT LAKES FAMILY HEATH CENTER

UPPER GREAT LAKES FAMILY HEATH CENTEREIN 26-4299275Plan #001PY 2017

506 CAMPUS DRIVE - HANCOCK, MI 49930906-483-1838uglhealth.orgLinkedIn51-200 employeesmedical practice

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.4M

+147.1% from 2016

Total participants

201

+26.4% from 2016

Average account balance

$8,922

+66.4% from 2016

Annual return

48.18%

-80.54 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.55M

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.

199

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

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

+21.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$49

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 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081	Recordkeeping	$6,256

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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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

$6K

$38 / participant

Investment mgmt$6K96.8%
Other / not subdivided$2003.2%

% of EOY assets

0.458%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MAKELA,TOUTANT,HILL,NARDI&KATONA PC
Auditor EIN: 382806590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,922

$55,453-83.9%

$170,439-94.8%

$62,293-85.7%

Participation rate

71.1%

66.4%+4.7pp

83.6%-12.5pp

69.5%+1.6pp

Annual return

48.18%

21.38%+26.8pp

205.94%-157.8pp

28.90%+19.3pp

Employer contribution / active EE

$1,189

$2,164-45.0%

$5,433-78.1%

$2,042-41.8%

Participant deferral / active EE

$1,833

$2,303-20.4%

$4,939-62.9%

$3,169-42.1%

Admin fee / account holder

$41

$455-91.0%

$13,881-99.7%

$479-91.5%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.1 year

Service code 15 · EIN 45-6062081

Recordkeeping

$6,256

UPPER GREAT LAKES FAMILY HEALTH CENTER RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UPPER GREAT LAKES FAMILY HEALTH CENTER RETIREMENT 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