Retirement plan

THE RICHLAND HOSPITAL, INC. TAX DEFERRED ANNUITY PLAN

Name: RICHLAND HOSPITAL, INC. - THE RICHLAND HOSPITAL, INC. TAX DEFERRED ANNUITY PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$5.0M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$33.2M

+41.3% from 2022

Total participants

505

-0.8% from 2022

Average account balance

$67,712

-1.4% from 2022

Annual return

48.03%

+61.67 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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 COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$88,757
GLOBAL RETIREMENT PARTNERS LLC7 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$36,090

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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$89K

$204 / participant

Contract admin$89K100.0%

% of EOY assets

0.268%

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

$67,712

$47,163+43.6%

$149,696-54.8%

$74,460-9.1%

Participation rate

96.6%

63.4%+33.1pp

78.8%+17.8pp

70.7%+25.8pp

Annual return

48.03%

22.75%+25.3pp

134.46%-86.4pp

34.38%+13.7pp

Employer contribution / active EE

$2,558

$1,907+34.2%

$4,821-46.9%

$2,638-3.0%

Participant deferral / active EE

$4,631

$2,730+69.6%

$5,682-18.5%

$4,530+2.2%

Admin fee / account holder

$181

$343-47.2%

$13,212-98.6%

$348-47.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$88,757

GLOBAL RETIREMENT PARTNERS LLC7 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$36,090

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