Retirement plan

FAIRFIELD MEDICAL CENTER EMPLOYEES PENSION PLAN

Name: FAIRFIELD MEDICAL CENTER - FAIRFIELD MEDICAL CENTER EMPLOYEES PENSION PLAN (2017) Form 5500
Creator: FAIRFIELD MEDICAL CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAIRFIELD MEDICAL CENTER EMPLOYEES PENSION PLAN, FAIRFIELD MEDICAL CENTER

FAIRFIELD MEDICAL CENTEREIN 31-0645626Plan #002PY 2017

401 NORTH EWING STREET - LANCASTER, OH 43130740-687-8011fmchealth.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$7.9M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed June 6, 2003

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$111.1M

+16.2% from 2016

Total participants

2,935

+0.6% from 2016

Average account balance

$38,221

+14.7% from 2016

Annual return

13.73%

+8.71 pp from 2016

Benchmarks

See 1,308 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,308 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$203.38M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

2,623

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$231

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
FAIRFIELD NATIONAL BANK3+ years Service code 21 · EIN 31-1198067 143 WEST MAIN STREET · LANCASTER, OH 43130	Bank Trustee	$437,912
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY SMITH BARNEY HLDGS Service code 27 · EIN 26-4310632 1585 BROADWAY · NEW YORK, NY 11036	Advisory (Plan)	$176,223
LAZARD ASSET MANAGEMENT2 years Filed as: LAZZARD ASSET MANAGEMENT Service code 27 · EIN 05-0530199 30 ROCKEFELLER PLAZA · NEW YORK, NY 10112	Advisory (Plan)	$36,128
FIERA CAPITAL2 years Filed as: FIERA CAPITAL INC Service code 27 · EIN 13-2726734 375 PARK AVENUE, 8TH FL · NEW YORK, NY 10152	Advisory (Plan)	$15,911
VAUGHAN NELSON INVESTMENT MGMT3+ years Filed as: VAUGHAN NELSON INVESTMENT MANAGEMEN Service code 27 · EIN 04-3304963 600 TRAVIS SUITE 6300 · HOUSTON, TX 77002	Advisory (Plan)	$2,415
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO, INC. Service code 28 · EIN 94-1737782 5190 NEIL ROAD · RENO, NV 89502	Investment Management	$0

Plan features & details

Pension benefit codes2E2J2K2S3D

Plan features

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$632K

$306 / participant

Investment mgmt$231K36.5%
Other / not subdivided$401K63.5%

% of EOY assets

0.569%

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: PLANTE MORAN
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,221

$44,989-15.0%

$170,435-77.6%

$77,958-51.0%

Participation rate

98.6%

64.6%+34.0pp

83.6%+15.0pp

71.6%+26.9pp

Annual return

13.73%

19.61%-5.9pp

205.94%-192.2pp

20.87%-7.1pp

Employer contribution / active EE

$2,993

$1,466+104.1%

$5,432-44.9%

$2,310+29.5%

Participant deferral / active EE

$1,662

$2,208-24.7%

$4,939-66.3%

$3,537-53.0%

Admin fee / account holder

$217

$69+215.2%

$13,881-98.4%

$97+123.2%

Provider

Service type

Compensation

FAIRFIELD NATIONAL BANK3+ years

Service code 21 · EIN 31-1198067

143 WEST MAIN STREET · LANCASTER, OH 43130

Bank Trustee

$437,912

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY SMITH BARNEY HLDGS

Service code 27 · EIN 26-4310632

1585 BROADWAY · NEW YORK, NY 11036

Advisory (Plan)

$176,223

LAZARD ASSET MANAGEMENT2 years

Filed as: LAZZARD ASSET MANAGEMENT

Service code 27 · EIN 05-0530199

30 ROCKEFELLER PLAZA · NEW YORK, NY 10112

Advisory (Plan)

$36,128

FIERA CAPITAL2 years

Filed as: FIERA CAPITAL INC

Service code 27 · EIN 13-2726734

375 PARK AVENUE, 8TH FL · NEW YORK, NY 10152

Advisory (Plan)

$15,911

VAUGHAN NELSON INVESTMENT MGMT3+ years

Filed as: VAUGHAN NELSON INVESTMENT MANAGEMEN

Service code 27 · EIN 04-3304963

600 TRAVIS SUITE 6300 · HOUSTON, TX 77002

Advisory (Plan)

$2,415

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 28 · EIN 94-1737782

5190 NEIL ROAD · RENO, NV 89502

Investment Management

FAIRFIELD MEDICAL CENTER EMPLOYEES PENSION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAIRFIELD MEDICAL CENTER EMPLOYEES PENSION PLAN

Top hat statement on fileNQDC

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