Retirement plan

MCLAREN EMPLOYEES' 403(B) RETIREMENT PLAN

Name: MCLAREN HEALTH CARE CORP. - MCLAREN EMPLOYEES' 403(B) RETIREMENT PLAN (2020) Form 5500
Creator: MCLAREN HEALTH CARE CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCLAREN EMPLOYEES' 403(B) RETIREMENT PLAN, MCLAREN HEALTH CARE CORP.

MCLAREN HEALTH CARE CORP.EIN 38-2397643Plan #002PY 2020

ONE MCLAREN PARKWAY - GRAND BLANC, MI 48439810-342-1100mclaren.orgLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

2 filings

#005Retirement-$1.32B assets #003Retirement-$53.2M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed June 14, 2008 (most recent of 6 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1451.7M

-11.3% from 2016

Total participants

23,253

-2.3% from 2016

Average account balance

$70,851

-3.0% from 2016

Annual return

15.83%

+22.29 pp from 2016

Benchmarks

See 228 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort228 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.86B

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

23,037

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$140.35M

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

+12.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32

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

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Service providers

Top 10 of 16 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$1,000,639
MCLAREN HEALTH CARE CORPORATION6+ years Service code 15 · EIN 38-2397643	Recordkeeping	$72,213
AMANA MUTUAL FUNDS4 years Service code 52 · EIN 35-6447892	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
CRM4 years Service code 52 · EIN 84-0996383	Indirect Investment Fees	$0
DODGE & COX2 years Service code 52 · EIN 94-6067274	Indirect Investment Fees	$0
DOUBLELINE CAPITAL LP4 years Filed as: DOUBLELINE FUNDS Service code 52 · EIN 39-1982827	Indirect Investment Fees	$0
HARBOR2 years Service code 52 · EIN 34-1953393	Indirect Investment Fees	$0
MAINSTAY1 year Service code 52 · EIN 13-5582869	Indirect Investment Fees	$0
NATIXIS FUNDS4 years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2M2L2F2G3H2S2T

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.
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

$1.0M

$52 / participant

Contract admin$1M100.0%

% of EOY assets

0.069%

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: PLANTE MORAN
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,851

$66,513+6.5%

$178,510-60.3%

$106,273-33.3%

Participation rate

85.7%

73.8%+11.9pp

81.9%+3.7pp

70.8%+14.9pp

Annual return

15.83%

21.81%-6.0pp

151.13%-135.3pp

21.70%-5.9pp

Employer contribution / active EE

$2,201

$1,776+23.9%

$5,011-56.1%

$2,722-19.2%

Participant deferral / active EE

$3,600

$3,679-2.2%

$5,202-30.8%

$4,601-21.8%

Admin fee / account holder

$49

$53-8.2%

$13,988-99.6%

$78-37.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$1,000,639

MCLAREN HEALTH CARE CORPORATION6+ years

Service code 15 · EIN 38-2397643

Recordkeeping

$72,213

AMANA MUTUAL FUNDS4 years

Service code 52 · EIN 35-6447892

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

CRM4 years

Service code 52 · EIN 84-0996383

Indirect Investment Fees

DODGE & COX2 years

Service code 52 · EIN 94-6067274

Indirect Investment Fees

DOUBLELINE CAPITAL LP4 years

Filed as: DOUBLELINE FUNDS

Service code 52 · EIN 39-1982827

Indirect Investment Fees

HARBOR2 years

Service code 52 · EIN 34-1953393

Indirect Investment Fees

MAINSTAY1 year

Service code 52 · EIN 13-5582869

Indirect Investment Fees

NATIXIS FUNDS4 years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

MCLAREN EMPLOYEES' 403(B) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCLAREN EMPLOYEES' 403(B) RETIREMENT PLAN

Top hat statement on fileNQDC

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