Retirement plan

REID HOSPITAL & HEALTH CARE SERVICES 403(B) DEFINED CONTRIBUTION PLAN

Name: REID HOSPITAL & HEALTH CARE SERVICES, INC. - REID HOSPITAL & HEALTH CARE SERVICES 403(B) DEFINED CONTRIBUTION PLAN (2023) Form 5500
Creator: REID HOSPITAL & HEALTH CARE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REID HOSPITAL & HEALTH CARE SERVICES 403(B) DEFINED CONTRIBUTION PLAN, REID HOSPITAL & HEALTH CARE SERVICES, INC.

REID HOSPITAL & HEALTH CARE SERVICES, INC.EIN 35-0892672Plan #003PY 2023

1100 REID PARKWAY - RICHMOND, IN 47374765-983-3162LinkedIn1001-5000 employeesmedical practice

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 29, 2002

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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How to read this page

Total assets (EOY)

$185.5M

+22.3% from 2022

Total participants

5,253

+21.9% from 2022

Average account balance

$35,319

-0.5% from 2022

Annual return

19.01%

+36.34 pp from 2022

Benchmarks

See 1,407 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,407 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$214.13M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

4,632

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.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$114

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
NYHART9+ years Service code 15 · EIN 35-0966414	Recordkeeping	$244,564
MORGAN STANLEY SMITH BARNEY9+ years Filed as: MORGAN STANLEY WEALTH MANAGEMENT Service code 27 · EIN 26-4310632	Advisory (Plan)	$177,211
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST BANK Service code 25 · EIN 82-3967259	Directed Trustee	$40,372
ALLWORTH FINANCIAL1 year Filed as: ALLWORTH FINANCIAL MANAGEMENT Service code 25 250 E 96TH STREET · INDIANAPOLIS, IN 46240	Directed Trustee	$29,339
FORVIS MAZARS, LLP1 year Service code 10 · EIN 44-0160260	Accounting	$27,195
CHARLES SCHWAB & CO., INC.7 years Service code 59	Shareholder Servicing	$12,110

Plan features & details

Pension benefit codes2F2G2L2M2R2S3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$519K

$164 / participant

Trustee / custodial$40K7.8%
Investment mgmt$207K39.8%
Contract admin$245K47.2%
Other / not subdivided$27K5.2%

% of EOY assets

0.280%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $27,195
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,319

$50,127-29.5%

$149,673-76.4%

$80,160-55.9%

Participation rate

100.0%

64.3%+35.7pp

78.8%+21.2pp

72.9%+27.1pp

Annual return

19.01%

29.82%-10.8pp

134.42%-115.4pp

40.38%-21.4pp

Employer contribution / active EE

$2,548

$1,865+36.7%

$4,818-47.1%

$2,978-14.4%

Participant deferral / active EE

$3,848

$3,194+20.5%

$5,680-32.3%

$5,017-23.3%

Admin fee / account holder

$99

$153-35.3%

$13,210-99.3%

$145-31.9%

Provider

Service type

Compensation

NYHART9+ years

Service code 15 · EIN 35-0966414

Recordkeeping

$244,564

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: MORGAN STANLEY WEALTH MANAGEMENT

Service code 27 · EIN 26-4310632

Advisory (Plan)

$177,211

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 25 · EIN 82-3967259

Directed Trustee

$40,372

ALLWORTH FINANCIAL1 year

Filed as: ALLWORTH FINANCIAL MANAGEMENT

Service code 25

250 E 96TH STREET · INDIANAPOLIS, IN 46240

Directed Trustee

$29,339

FORVIS MAZARS, LLP1 year

Service code 10 · EIN 44-0160260

Accounting

$27,195

CHARLES SCHWAB & CO., INC.7 years

Service code 59

Shareholder Servicing

$12,110

REID HOSPITAL & HEALTH CARE SERVICES 403(B) DEFINED CONTRIBUTION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REID HOSPITAL & HEALTH CARE SERVICES 403(B) DEFINED CONTRIBUTION 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