Retirement plan

AITKIN COMMUNITY HOSPITAL, INC. RETIREMENT SAVINGS PLAN

Name: AITKIN COMMUNITY HOSPITAL, INC - AITKIN COMMUNITY HOSPITAL, INC. RETIREMENT SAVINGS PLAN (2020) 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 PLAN, AITKIN COMMUNITY HOSPITAL, INC

AITKIN COMMUNITY HOSPITAL, INCEIN 41-0745522Plan #001PY 2020

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)

$41.8M

+19.0% from 2019

Total participants

512

+3.6% from 2019

Average account balance

$81,841

+14.8% from 2019

Annual return

15.21%

-8.17 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

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 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$162,635
COMMONWEALTH FINANCIAL NETWORK6+ years Service code 26 · EIN 04-2675571	Advisory (Participants)	$70,990
ABERDEEN ASSET MANAGEMENT, INC.4 years Filed as: ABERDEEN Service code 52 · EIN 51-0368279	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
BARON4 years Service code 52 · EIN 13-6891420	Indirect Investment Fees	$0
BLACKROCK4 years Service code 52 · EIN 04-6171663	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS4 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
DODGE & COX4 years Service code 52 · EIN 94-6067274	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY ADVISOR Service code 52 · EIN 04-3022712	Indirect Investment Fees	$0
INVESCO4 years Service code 52 · EIN 76-0352823	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

$163K

$365 / participant

Investment mgmt$159K97.9%
Contract admin$3K2.1%

% of EOY assets

0.389%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,841

$52,293+56.5%

$178,499-54.2%

$73,412+11.5%

Participation rate

99.8%

65.3%+34.4pp

81.9%+17.8pp

72.2%+27.6pp

Annual return

15.21%

34.75%-19.5pp

151.10%-135.9pp

59.30%-44.1pp

Employer contribution / active EE

$2,328

$1,735+34.2%

$5,011-53.5%

$2,234+4.2%

Participant deferral / active EE

$5,065

$2,332+117.2%

$5,202-2.6%

$3,806+33.1%

Admin fee / account holder

$318

$127+149.9%

$13,986-97.7%

$158+101.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$162,635

COMMONWEALTH FINANCIAL NETWORK6+ years

Service code 26 · EIN 04-2675571

Advisory (Participants)

$70,990

ABERDEEN ASSET MANAGEMENT, INC.4 years

Filed as: ABERDEEN

Service code 52 · EIN 51-0368279

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

BARON4 years

Service code 52 · EIN 13-6891420

Indirect Investment Fees

BLACKROCK4 years

Service code 52 · EIN 04-6171663

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS4 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

DODGE & COX4 years

Service code 52 · EIN 94-6067274

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY ADVISOR

Service code 52 · EIN 04-3022712

Indirect Investment Fees

INVESCO4 years

Service code 52 · EIN 76-0352823

Indirect Investment Fees

AITKIN COMMUNITY HOSPITAL, INC. RETIREMENT SAVINGS PLAN

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 PLAN

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