Retirement plan

PRESTON MEMORIAL HOSPITAL 403 (B) PLAN

Name: PRESTON MEMORIAL HOSPITAL - PRESTON MEMORIAL HOSPITAL 403 (B) PLAN (2020) 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 2020

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

Other plans on this EIN

2 filings

#002Retirement-$8.5M assets #001Retirement-$5.0M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.6M

+36.9% from 2019

Total participants

428

+12.6% from 2019

Average account balance

$18,095

+52.0% from 2019

Annual return

16.44%

-8.18 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$8 / participant

Investment mgmt$3K100.0%

% of EOY assets

0.061%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,095

$52,293-65.4%

$178,503-89.9%

$73,412-75.4%

Participation rate

52.9%

65.3%-12.5pp

81.9%-29.1pp

72.2%-19.3pp

Annual return

16.44%

34.75%-18.3pp

151.12%-134.7pp

59.30%-42.9pp

Employer contribution / active EE

$1,736-100.0%

$5,011-100.0%

$2,234-100.0%

Participant deferral / active EE

$2,595

$2,333+11.2%

$5,202-50.1%

$3,806-31.8%

Admin fee / account holder

$11

$127-91.4%

$13,987-99.9%

$158-93.1%

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