Retirement plan

HOSPITAL & MEDICAL FOUNDATION OF PARIS, INC. TAX DEFERRED ANNUITY PLAN

Name: HOSPITAL & MEDICAL FOUNDATION OF PARIS, INC. - HOSPITAL & MEDICAL FOUNDATION OF PARIS, INC. TAX DEFERRED ANNUITY PLAN (2024) Form 5500
Creator: HOSPITAL & MEDICAL FOUNDATION OF PARIS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOSPITAL & MEDICAL FOUNDATION OF PARIS, INC. TAX DEFERRED ANNUITY PLAN, HOSPITAL & MEDICAL FOUNDATION OF PARIS, INC.

HOSPITAL & MEDICAL FOUNDATION OF PARIS, INC.EIN 37-0860281Plan #005PY 2024

721 E. COURT STREET - PARIS, IL 61944217-465-4141LinkedIn201-500 employeesmedical practice

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$39.4M

+22.6% from 2023

Total participants

983

+9.0% from 2023

Average account balance

$57,910

+11.4% from 2023

Annual return

15.46%

-1.24 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

$39.38M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

680

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.

66.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.43M

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

+15.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$339

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 3 by compensation

Provider	Service type	Compensation
CLS INVESTMENTS8 years Filed as: CLS INVESTMENT FIRM, LLC Service code 27 4020 S. 147TH ST · OMAHA, NE 68137	Advisory (Plan)	$141,527
NORTH AMERICAN KTRADE ALLIANCE, LLC7 years Service code 15 1500 NORTH OAK DRIVE, SUITE B · PLYMOUTH, IN 46563	Recordkeeping	$72,494
LATITUDE SERVICE COMPANY INC6 years Filed as: LATITUDE SERVICE COMPANY, INC Service code 49 1500 NORTH OAK DRIVE · PLYMOUTH, IN 46563	Other Services	$16,862

Plan features & details

Pension benefit codes2A2F2G2M2R2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$231K

$257 / participant

Investment mgmt$142K61.3%
Contract admin$72K31.3%
Other / not subdivided$17K7.3%

% of EOY assets

0.586%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MH CPA PLLC
Auditor EIN: 371119790
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,910

$50,919+13.7%

$155,556-62.8%

$77,762-25.5%

Participation rate

66.2%

63.1%+3.1pp

78.2%-12.0pp

70.6%-4.4pp

Annual return

15.46%

34.84%-19.4pp

64.84%-49.4pp

31.27%-15.8pp

Employer contribution / active EE

$2,330

$1,991+17.0%

$4,675-50.2%

$2,728-14.6%

Participant deferral / active EE

$3,719

$2,824+31.7%

$5,631-34.0%

$4,651-20.0%

Admin fee / account holder

$339

$437-22.3%

$15,885-97.9%

$433-21.6%

Provider

Service type

Compensation

CLS INVESTMENTS8 years

Filed as: CLS INVESTMENT FIRM, LLC

Service code 27

4020 S. 147TH ST · OMAHA, NE 68137

Advisory (Plan)

$141,527

NORTH AMERICAN KTRADE ALLIANCE, LLC7 years

Service code 15

1500 NORTH OAK DRIVE, SUITE B · PLYMOUTH, IN 46563

Recordkeeping

$72,494

LATITUDE SERVICE COMPANY INC6 years

Filed as: LATITUDE SERVICE COMPANY, INC

Service code 49

1500 NORTH OAK DRIVE · PLYMOUTH, IN 46563

Other Services

$16,862

HOSPITAL & MEDICAL FOUNDATION OF PARIS, INC. TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOSPITAL & MEDICAL FOUNDATION OF PARIS, INC. TAX DEFERRED ANNUITY 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