Retirement plan

THE RICHLAND HOSPITAL, INC. TAX DEFERRED ANNUITY PLAN

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

RICHLAND HOSPITAL, INC.EIN 39-0808498Plan #002PY 2024

333 E 2ND ST - RICHLAND CENTER, WI 535811914608-647-6321LinkedIn51-200 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$2.0M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$39.3M

+18.6% from 2023

Total participants

513

+1.6% from 2023

Average account balance

$79,010

+16.7% from 2023

Annual return

18.87%

-29.15 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

$39.35M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

498

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.51M

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

+18.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$251

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$124,855
GLOBAL RETIREMENT PARTNERS LLC8 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$51,021

Plan features & details

Pension benefit codes2F2G2L2M2S2T3D

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$125K

$273 / participant

Contract admin$125K100.0%

% of EOY assets

0.317%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,010

$50,919+55.2%

$155,556-49.2%

$77,762+1.6%

Participation rate

96.7%

63.1%+33.6pp

78.2%+18.5pp

70.6%+26.1pp

Annual return

18.87%

34.84%-16.0pp

64.84%-46.0pp

31.27%-12.4pp

Employer contribution / active EE

$2,683

$1,991+34.7%

$4,675-42.6%

$2,728-1.7%

Participant deferral / active EE

$4,991

$2,824+76.7%

$5,631-11.4%

$4,651+7.3%

Admin fee / account holder

$251

$437-42.6%

$15,885-98.4%

$433-42.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$124,855

GLOBAL RETIREMENT PARTNERS LLC8 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$51,021

THE RICHLAND HOSPITAL, INC. TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RICHLAND HOSPITAL, 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