Retirement plan

COLUMBUS REGIONAL HEALTH SYSTEM SERVICES 401(K) PLAN

Name: SOUTHEASTERN INDIANA MEDICAL HOLDINGS, INC. - COLUMBUS REGIONAL HEALTH SYSTEM SERVICES 401(K) PLAN (2024) Form 5500
Creator: SOUTHEASTERN INDIANA MEDICAL HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLUMBUS REGIONAL HEALTH SYSTEM SERVICES 401(K) PLAN, SOUTHEASTERN INDIANA MEDICAL HOLDINGS, INC.

SOUTHEASTERN INDIANA MEDICAL HOLDINGS, INC.EIN 35-2103592Plan #001PY 2024

2400 EAST 17TH STREET, LINCOLN PARK BUILDING - COLUMBUS, IN 47201812-375-3896LinkedIn201-500 employeesinvestment management

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$29.5M

+12.0% from 2023

Total participants

540

+81.8% from 2023

Average account balance

$54,944

-38.7% from 2023

Annual return

12.05%

-13.21 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.50M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

537

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.52M

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

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$113

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION5 years Service code 13 · EIN 35-1140070	Contract Administrator	$37,468
FORVIS, LLP1 year Filed as: FORVIS MAZARS Service code 10 · EIN 44-0160260	Accounting	$23,100

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$61K

$211 / participant

Contract admin$37K61.9%
Other / not subdivided$23K38.1%

% of EOY assets

0.205%

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: FORVIS MAZARS
Auditor EIN: 440160260
Audit fees: $23,100
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,944

$50,919+7.9%

$155,556-64.7%

$77,762-29.3%

Participation rate

99.0%

63.1%+35.9pp

78.2%+20.7pp

70.6%+28.4pp

Annual return

12.05%

34.84%-22.8pp

64.84%-52.8pp

31.27%-19.2pp

Employer contribution / active EE

$3,649

$1,991+83.2%

$4,675-22.0%

$2,728+33.8%

Participant deferral / active EE

$5,129

$2,824+81.6%

$5,631-8.9%

$4,651+10.3%

Admin fee / account holder

$113

$437-74.2%

$15,885-99.3%

$433-73.9%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION5 years

Service code 13 · EIN 35-1140070

Contract Administrator

$37,468

FORVIS, LLP1 year

Filed as: FORVIS MAZARS

Service code 10 · EIN 44-0160260

Accounting

$23,100

COLUMBUS REGIONAL HEALTH SYSTEM SERVICES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLUMBUS REGIONAL HEALTH SYSTEM SERVICES 401(K) 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