Retirement plan

HAMILTON COMMUNITY HEALTH NETWORK, INC. 401(K) PLAN

Name: HAMILTON COMMUNITY HEALTH NETWORK, INC. - HAMILTON COMMUNITY HEALTH NETWORK, INC. 401(K) PLAN (2015) Form 5500
Creator: HAMILTON COMMUNITY HEALTH NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAMILTON COMMUNITY HEALTH NETWORK, INC. 401(K) PLAN, HAMILTON COMMUNITY HEALTH NETWORK, INC.

HAMILTON COMMUNITY HEALTH NETWORK, INC.EIN 38-2406558Plan #001PY 2015

225 E. FIFTH STREET, SUITE 300 - FLINT, MI 48502810-406-4926hamiltonchn.orgLinkedIn201-500 employeeshospital & health care

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed December 14, 2015

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)

$3.9M

No prior year

Total participants

226

No prior year

Average account balance

$19,101

No prior year

Annual return

-2.28%

No prior year

Benchmarks

See 4,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort4,452 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.83M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

357

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.

81.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

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

+18.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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 3 by compensation

Provider	Service type	Compensation
FIFTH THIRD BANK RETIREMENT SERVICE1+ years Service code 64 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Recordkeeping Fees	$9,783
QUAST, JANKE AND COMPANY P.C.1+ years Filed as: QUAST, JANKE AND COMPANY, P.C. Service code 10 1010 N JOHNSON · BAY CITY, MI 48708	Accounting	$3,081
SAGINAW PENSION SERVICES, INC.1+ years Filed as: SAGINAW UNDERWRITERS INC Service code 99 1258 S WASHINGTON AVE · SAGINAW, MI 48601	Other Fees	$206

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$13K

$67 / participant

Contract admin$13K100.0%

% of EOY assets

0.339%

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: QUAST JANKE AND COMPANY
Auditor EIN: 382963463
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,101

$46,360-58.8%

$147,617-87.1%

$52,331-63.5%

Participation rate

87.7%

64.9%+22.8pp

84.6%+3.1pp

68.1%+19.6pp

Annual return

-2.28%

1.62%-3.9pp

61.98%-64.3pp

4.54%-6.8pp

Employer contribution / active EE

$2,400

$2,126+12.9%

$5,564-56.9%

$1,882+27.5%

Participant deferral / active EE

$2,151

$2,258-4.7%

$4,895-56.1%

$3,022-28.8%

Admin fee / account holder

$65

$766-91.6%

$11,612-99.4%

$592-89.1%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE1+ years

Service code 64

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Recordkeeping Fees

$9,783

QUAST, JANKE AND COMPANY P.C.1+ years

Filed as: QUAST, JANKE AND COMPANY, P.C.

Service code 10

1010 N JOHNSON · BAY CITY, MI 48708

Accounting

$3,081

SAGINAW PENSION SERVICES, INC.1+ years

Filed as: SAGINAW UNDERWRITERS INC

Service code 99

1258 S WASHINGTON AVE · SAGINAW, MI 48601

Other Fees

$206

HAMILTON COMMUNITY HEALTH NETWORK, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAMILTON COMMUNITY HEALTH NETWORK, INC. 401(K) 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