Retirement plan

BELOIT HEALTH SYSTEM MATCHING & EMPLOYER CONTRIBUTION PLAN

Name: BELOIT HEALTH SYSTEM, INC. - BELOIT HEALTH SYSTEM MATCHING & EMPLOYER CONTRIBUTION PLAN (2017) Form 5500
Creator: BELOIT HEALTH SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BELOIT HEALTH SYSTEM MATCHING & EMPLOYER CONTRIBUTION PLAN, BELOIT HEALTH SYSTEM, INC.

BELOIT HEALTH SYSTEM, INC.EIN 39-1028081Plan #005PY 2017

1969 WEST HART ROAD - BELOIT, WI 535110000608-364-5158beloithealthsystem.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

2 filings

#002Retirement-$75.2M assets #001Retirement-$72.5M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed September 25, 2019 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1969 West Hart Road

Beloit, WI 53511

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Plans declared (2)

Change in Control Key Employee Separation Plan3 emp
Supplemental Executive Retirement Plan1 emp

Total covered: 4 employees

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Total assets (EOY)

$33.9M

+25.3% from 2016

Total participants

1,732

-1.2% from 2016

Average account balance

$25,464

+20.0% from 2016

Annual return

17.61%

+10.93 pp from 2016

Benchmarks

See 1,308 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,308 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.97M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

1,300

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.

67.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$63

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 1 by compensation

Provider	Service type	Compensation
BMO HARRIS BANK NA2 years Filed as: BMO HARRIS BANK, NA Service code 19 · EIN 36-2085229	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2K2T3D

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.
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.
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).

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,464

$44,989-43.4%

$170,435-85.1%

$77,958-67.3%

Participation rate

74.0%

64.6%+9.4pp

83.6%-9.6pp

71.6%+2.4pp

Annual return

17.61%

19.61%-2.0pp

205.94%-188.3pp

20.87%-3.3pp

Employer contribution / active EE

$2,427

$1,466+65.6%

$5,432-55.3%

$2,310+5.1%

Participant deferral / active EE

$2,208-100.0%

$4,939-100.0%

$3,537-100.0%

Admin fee / account holder

$69-100.0%

$13,881-100.0%

$97-100.0%

Provider

Service type

Compensation

BMO HARRIS BANK NA2 years

Filed as: BMO HARRIS BANK, NA

Service code 19 · EIN 36-2085229

Securities Custodian

BELOIT HEALTH SYSTEM MATCHING & EMPLOYER CONTRIBUTION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BELOIT HEALTH SYSTEM MATCHING & EMPLOYER CONTRIBUTION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion