Retirement plan

WESTFIELDS HOSPITAL EMPLOYEE RETIREMENT PLAN

Name: WESTFIELDS HOSPITAL - WESTFIELDS HOSPITAL EMPLOYEE RETIREMENT PLAN (2017) Form 5500
Creator: WESTFIELDS HOSPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTFIELDS HOSPITAL EMPLOYEE RETIREMENT PLAN, WESTFIELDS HOSPITAL

WESTFIELDS HOSPITALEIN 39-0808442Plan #001PY 2017

8170 33RD AVENUE SOUTH, P.O. BOX 1309 - MINNEAPOLIS, MN 554401309715-246-2101

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.1M

+14.6% from 2016

Total participants

363

+5.2% from 2016

Average account balance

$45,353

+7.5% from 2016

Annual return

15.68%

+3.21 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.84M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

490

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.

90.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.79M

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

+15.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$55

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EDWARD D. JONES & CO Service code 99 · EIN 43-0345811	Other Fees	$6,298
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 15 · EIN 04-1590850	Recordkeeping	$2,496
MORNINGSTAR1 year Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381	Other Services	$0
RELIANCE TRUST COMPANY1 year Service code 19 · EIN 58-1428634	Securities Custodian	$0

Plan features & details

Pension benefit codes2F2G2K2M

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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$2K

$9 / participant

Contract admin$2K100.0%

% of EOY assets

0.015%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,353

$46,173-1.8%

$170,435-73.4%

$69,631-34.9%

Participation rate

97.5%

63.9%+33.6pp

83.6%+13.9pp

70.7%+26.8pp

Annual return

15.68%

21.62%-5.9pp

205.94%-190.3pp

27571.02%-27555.3pp

Employer contribution / active EE

$2,210

$1,610+37.3%

$5,432-59.3%

$2,032+8.7%

Participant deferral / active EE

$4,313

$2,080+107.3%

$4,939-12.7%

$3,224+33.8%

Admin fee / account holder

$116-94.0%

$13,881-99.9%

$110-93.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EDWARD D. JONES & CO

Service code 99 · EIN 43-0345811

Other Fees

$6,298

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSMUTUAL LIFE INSURANCE COMPANY

Service code 15 · EIN 04-1590850

Recordkeeping

$2,496

MORNINGSTAR1 year

Filed as: MORNINGSTAR ASSOCIATES, LLC

Service code 49 · EIN 36-4317381

Other Services

RELIANCE TRUST COMPANY1 year

Service code 19 · EIN 58-1428634

Securities Custodian

WESTFIELDS HOSPITAL EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTFIELDS HOSPITAL EMPLOYEE RETIREMENT 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