Retirement plan

MIDMICHIGAN HEALTH SERVICES EMPLOYEE SAVINGS PLAN

Name: MID MICHIGAN HEALTH SERVICES DBA MIDMICHIGAN COMMUNITY HEALTH SERVICES - MIDMICHIGAN HEALTH SERVICES EMPLOYEE SAVINGS PLAN (2017) Form 5500
Creator: MID MICHIGAN HEALTH SERVICES DBA MIDMICHIGAN COMMUNITY HEALTH SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDMICHIGAN HEALTH SERVICES EMPLOYEE SAVINGS PLAN, MID MICHIGAN HEALTH SERVICES DBA MIDMICHIGAN COMMUNITY HEALTH SERVICES

MID MICHIGAN HEALTH SERVICES DBA MIDMICHIGAN COMMUNITY HEALTH SERVICESEIN 38-2168007Plan #001PY 2017

9249 W LAKE CITY RD - HOUGHTON LAKE, MI 486299602989-422-5122LinkedIn51-200 employeescivic & social organization

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+45.5% from 2016

Total participants

104

+9.5% from 2016

Average account balance

$21,893

+34.8% from 2016

Annual return

22.26%

+12.45 pp from 2016

Benchmarks

See 7,913 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,913 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.93M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

132

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

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

+13.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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 codes2F2G2L2M2S2T

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.
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

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

$40K

$418 / participant

Other / not subdivided$40K100.0%

% of EOY assets

2.210%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,893

$53,127-58.8%

$86,597-74.7%

$70,131-68.8%

Participation rate

76.8%

65.3%+11.5pp

73.5%+3.3pp

69.5%+7.3pp

Annual return

22.26%

27.66%-5.4pp

964.96%-942.7pp

73.14%-50.9pp

Employer contribution / active EE

$424

$2,068-79.5%

$2,840-85.1%

$2,342-81.9%

Participant deferral / active EE

$3,004

$2,696+11.4%

$3,609-16.8%

$3,332-9.8%

Admin fee / account holder

$484

$3,585-86.5%

$4,906-90.1%

$4,645-89.6%

MIDMICHIGAN HEALTH SERVICES EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDMICHIGAN HEALTH SERVICES EMPLOYEE SAVINGS 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