Retirement plan

STURGIS HOSPITAL 403(B) PLAN

Name: STURGIS HOSPITAL, INC. - STURGIS HOSPITAL 403(B) PLAN (2016) Form 5500
Creator: STURGIS HOSPITAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STURGIS HOSPITAL 403(B) PLAN, STURGIS HOSPITAL, INC.

STURGIS HOSPITAL, INC.EIN 35-2362438Plan #002PY 2016

916 MYRTLE AVENUE - STURGIS, MI 49091269-659-4450sturgishospital.comLinkedIn51-200 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$41.9M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9M

+23.0% from 2015

Total participants

366

-1.3% from 2015

Average account balance

$33,522

+22.6% from 2015

Annual return

7.90%

+8.34 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.21M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

215

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$977K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$105

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 1 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION1 year Service code 13 · EIN 35-1140070	Contract Administrator	$165

Plan features & details

Pension benefit codes2F2J2K2L3D

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).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$15K

$45 / participant

Investment mgmt$1651.1%
Contract admin$13K87.0%
Other / not subdivided$2K11.9%

% of EOY assets

0.172%

all-in expense ratio

Categories reported

2 / 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: BKD LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,522

$36,916-9.2%

$156,551-78.6%

$57,658-41.9%

Participation rate

71.3%

63.4%+7.8pp

84.0%-12.8pp

70.2%+1.0pp

Annual return

7.90%

12.38%-4.5pp

32.23%-24.3pp

5.13%+2.8pp

Employer contribution / active EE

$1,664

$1,571+5.9%

$5,501-69.8%

$1,974-15.7%

Participant deferral / active EE

$2,634

$1,926+36.8%

$4,871-45.9%

$3,061-13.9%

Admin fee / account holder

$58

$82-30.1%

$13,028-99.6%

$95-39.0%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1 year

Service code 13 · EIN 35-1140070

Contract Administrator

$165

STURGIS HOSPITAL 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STURGIS 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