Retirement plan

AITKIN COMMUNITY HOSPITAL, INC. RETIREMENT SAVINGS

Name: AITKIN COMMUNITY HOSPITAL, INC - AITKIN COMMUNITY HOSPITAL, INC. RETIREMENT SAVINGS (2017) Form 5500
Creator: AITKIN COMMUNITY HOSPITAL, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AITKIN COMMUNITY HOSPITAL, INC. RETIREMENT SAVINGS, AITKIN COMMUNITY HOSPITAL, INC

AITKIN COMMUNITY HOSPITAL, INCEIN 41-0745522Plan #001PY 2017

200 BUNKER HILL DRIVE - AITKIN, MN 56431218-927-2121riverwoodhealthcare.comLinkedIn201-500 employees

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed July 28, 2010

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$29.3M

+18.2% from 2016

Total participants

448

+1.8% from 2016

Average account balance

$65,928

+15.8% from 2016

Annual return

15.93%

+8.89 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

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Analytics

Total assets (EOY)

Plan-year ending balance

$54.87M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

674

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.

99.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.36M

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

+14.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$209

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 10 of 17 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$132,877
COMMONWEALTH FINANCIAL NETWORK3+ years Service code 26 · EIN 04-2675571	Advisory (Participants)	$58,994
PLAN PARTNERS LLC2 years Filed as: PLAN PARTNERS, LLC Service code 26 · EIN 46-3268841	Advisory (Participants)	$30,653
PLAN PARTNERS LLC3+ years Service code 26 · EIN 46-3268841	Advisory (Participants)	$9,447
ABERDEEN ASSET MANAGEMENT, INC.1 year Filed as: ABERDEEN Service code 52 · EIN 51-0368279	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
BARON1 year Service code 52 · EIN 13-3806818	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 13-3806694	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS1 year Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
DODGE & COX1 year Service code 52 · EIN 94-3390852	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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.
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.
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.
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

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

$173K

$432 / participant

Investment mgmt$171K99.1%
Contract admin$2K0.9%

% of EOY assets

0.590%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM US LLP
Auditor EIN: 410714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,928

$46,173+42.8%

$170,442-61.3%

$69,631-5.3%

Participation rate

99.3%

63.9%+35.4pp

83.6%+15.7pp

70.7%+28.6pp

Annual return

15.93%

21.62%-5.7pp

205.93%-190.0pp

27571.02%-27555.1pp

Employer contribution / active EE

$2,094

$1,610+30.1%

$5,433-61.5%

$2,032+3.0%

Participant deferral / active EE

$3,805

$2,080+82.9%

$4,939-23.0%

$3,224+18.0%

Admin fee / account holder

$389

$116+235.2%

$13,880-97.2%

$110+251.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$132,877

COMMONWEALTH FINANCIAL NETWORK3+ years

Service code 26 · EIN 04-2675571

Advisory (Participants)

$58,994

PLAN PARTNERS LLC2 years

Filed as: PLAN PARTNERS, LLC

Service code 26 · EIN 46-3268841

Advisory (Participants)

$30,653

PLAN PARTNERS LLC3+ years

Service code 26 · EIN 46-3268841

Advisory (Participants)

$9,447

ABERDEEN ASSET MANAGEMENT, INC.1 year

Filed as: ABERDEEN

Service code 52 · EIN 51-0368279

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-2817150

Indirect Investment Fees

BARON1 year

Service code 52 · EIN 13-3806818

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 13-3806694

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS1 year

Service code 52 · EIN 36-3129984

Indirect Investment Fees

DODGE & COX1 year

Service code 52 · EIN 94-3390852

Indirect Investment Fees

AITKIN COMMUNITY HOSPITAL, INC. RETIREMENT SAVINGS

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AITKIN COMMUNITY HOSPITAL, INC. RETIREMENT SAVINGS

Top hat statement on fileNQDC

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