Retirement plan

403B THRIFT PLAN OF MILWAUKEE REGIONAL MEDICAL CENTER, INC.

Name: MILWAUKEE REGIONAL MEDICAL CENTER, INC. - 403B THRIFT PLAN OF MILWAUKEE REGIONAL MEDICAL CENTER, INC. (2023) Form 5500
Creator: MILWAUKEE REGIONAL MEDICAL CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403B THRIFT PLAN OF MILWAUKEE REGIONAL MEDICAL CENTER, INC., MILWAUKEE REGIONAL MEDICAL CENTER, INC.

MILWAUKEE REGIONAL MEDICAL CENTER, INC.EIN 39-1150504Plan #002PY 2023

2661 AVIATION RD - WAUKESHA, WI 531886903414-778-4570mrmccampus.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.3M

+0.7% from 2022

Total participants

-7.4% from 2022

Average account balance

$124,329

+4.3% from 2022

Annual return

13.63%

+25.05 pp from 2022

Benchmarks

See 20,797 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,797 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.05M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

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.

197.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$748K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+13.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41236

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G3D2J

Plan features

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$2.1M

$46706 / participant

Other / not subdivided$2M100.0%

% of EOY assets

19.915%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,329

$77,920+59.6%

$149,723-17.0%

$75,177+65.4%

Participation rate

88.6%

65.6%+23.1pp

78.8%+9.9pp

67.2%+21.4pp

Annual return

13.63%

31.72%-18.1pp

134.50%-120.9pp

160.75%-147.1pp

Employer contribution / active EE

$9,430

$3,138+200.5%

$4,821+95.6%

$2,671+253.0%

Participant deferral / active EE

$7,124

$3,411+108.8%

$5,682+25.4%

$4,126+72.6%

Admin fee / account holder

$24,760

$5,951+316.1%

$13,215+87.4%

$5,651+338.1%

403B THRIFT PLAN OF MILWAUKEE REGIONAL MEDICAL CENTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403B THRIFT PLAN OF MILWAUKEE REGIONAL MEDICAL CENTER, INC.

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