Retirement plan

THE LAKES COMMUNITY HEALTH CENTER, INC. 403(B) PLAN

Name: THE LAKES COMMUNITY HEALTH CENTER, INC. - THE LAKES COMMUNITY HEALTH CENTER, INC. 403(B) PLAN (2020) Form 5500
Creator: THE LAKES COMMUNITY HEALTH CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LAKES COMMUNITY HEALTH CENTER, INC. 403(B) PLAN, THE LAKES COMMUNITY HEALTH CENTER, INC.

THE LAKES COMMUNITY HEALTH CENTER, INC.EIN 35-2297925Plan #001PY 2020

7665 US HIGHWAY 2 - IRON RIVER, WI 54847715-372-5001LinkedIn1-10 employees

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.8M

+30.4% from 2019

Total participants

443

-5.3% from 2019

Average account balance

$33,563

+39.9% from 2019

Annual return

18.20%

-33.03 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

$26.04M

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.

563

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+20.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$330

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

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 codes2K2M2S2T

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

1 tripped

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

$79K

$230 / participant

Investment mgmt$79K100.0%

% of EOY assets

0.570%

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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,563

$52,293-35.8%

$178,503-81.2%

$73,412-54.3%

Participation rate

90.6%

65.3%+25.3pp

81.9%+8.7pp

72.2%+18.5pp

Annual return

18.20%

34.75%-16.6pp

151.12%-132.9pp

59.30%-41.1pp

Employer contribution / active EE

$1,919

$1,736+10.5%

$5,011-61.7%

$2,234-14.1%

Participant deferral / active EE

$4,221

$2,333+80.9%

$5,202-18.9%

$3,806+10.9%

Admin fee / account holder

$191

$127+50.3%

$13,987-98.6%

$158+21.3%

THE LAKES COMMUNITY HEALTH CENTER, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LAKES COMMUNITY HEALTH CENTER, INC. 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