Retirement plan

PRESTON MEMORIAL HOSPITAL 403 (B) PLAN

Name: PRESTON MEMORIAL HOSPITAL - PRESTON MEMORIAL HOSPITAL 403 (B) PLAN (2019) Form 5500
Creator: PRESTON MEMORIAL HOSPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRESTON MEMORIAL HOSPITAL 403 (B) PLAN, PRESTON MEMORIAL HOSPITAL

PRESTON MEMORIAL HOSPITALEIN 31-1097818Plan #003PY 2019

150 MEMORIAL DRIVE, HUNTINGTON - KINGWOOD, WV 26537304-329-1400prestonmemorial.orgLinkedIn201-500 employeeshospital & health care

Other plans on this EIN

2 filings

#002Retirement-$7.6M assets #001Retirement-$4.7M assets

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$3.4M

+61.8% from 2018

Total participants

380

+5.3% from 2018

Average account balance

$11,906

+69.9% from 2018

Annual return

24.62%

+33.05 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$258K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-99.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

1 tripped

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

$3K

$10 / participant

Investment mgmt$3K100.0%

% of EOY assets

0.094%

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: ARNETT CARBIS TOOTHMAN, LLP
Auditor EIN: 550486667
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,906

$62,928-81.1%

$172,752-93.1%

$67,579-82.4%

Participation rate

70.1%

64.5%+5.6pp

82.6%-12.6pp

71.3%-1.2pp

Annual return

24.62%

30.36%-5.7pp

802.97%-778.3pp

378.56%-353.9pp

Employer contribution / active EE

$1,636-100.0%

$5,144-100.0%

$2,148-100.0%

Participant deferral / active EE

$2,887

$2,145+34.6%

$5,198-44.5%

$3,539-18.4%

Admin fee / account holder

$11

$167-93.3%

$13,955-99.9%

$142-92.1%

PRESTON MEMORIAL HOSPITAL 403 (B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRESTON MEMORIAL HOSPITAL 403 (B) 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