Retirement plan

PRESTON MEMORIAL HOSPITAL 403 (B) PLAN

Name: PRESTON MEMORIAL HOSPITAL - PRESTON MEMORIAL HOSPITAL 403 (B) PLAN (2021) 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 2021

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

Other plans on this EIN

2 filings

#002Retirement-$8.3M assets #001Retirement-$5.2M assets

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.6M

+21.2% from 2020

Total participants

394

-7.9% from 2020

Average account balance

$18,894

+4.4% from 2020

Annual return

14.44%

-2.00 pp from 2020

Benchmarks

See 3,802 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,802 peers

Snapshot2021

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

2 tripped

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

$18K

$56 / participant

Investment mgmt$18K100.0%

% of EOY assets

0.324%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,894

$56,511-66.6%

$185,837-89.8%

$86,813-78.2%

Participation rate

69.8%

65.5%+4.3pp

81.7%-11.9pp

72.3%-2.4pp

Annual return

14.44%

118.12%-103.7pp

122.08%-107.6pp

97.93%-83.5pp

Employer contribution / active EE

$1,844-100.0%

$5,168-100.0%

$2,406-100.0%

Participant deferral / active EE

$3,178

$2,554+24.4%

$5,568-42.9%

$4,131-23.1%

Admin fee / account holder

$61

$150-59.1%

$16,241-99.6%

$170-63.9%

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