Retirement plan

OLMSTED MEDICAL CENTER RETIREMENT SAVINGS PLAN

Name: OLMSTED MEDICAL CENTER - OLMSTED MEDICAL CENTER RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: OLMSTED MEDICAL CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLMSTED MEDICAL CENTER RETIREMENT SAVINGS PLAN, OLMSTED MEDICAL CENTER

OLMSTED MEDICAL CENTEREIN 41-0855367Plan #001PY 2017

1650 FOURTH STREET SE - ROCHESTER, MN 55904507-288-3443olmmed.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsFailed to provide benefit

Top hat statement on fileNQDC

Filed January 10, 2025 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

210 Ninth Street SE

Rochester, MN 55904

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Plans declared (1)

Retention Incentive Plan3 emp

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Total assets (EOY)

$207.3M

-6.6% from 2016

Total participants

1,538

+9.5% from 2016

Average account balance

$137,999

-16.2% from 2016

Annual return

19.13%

-6.44 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

$303.38M

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

1,854

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$139

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 2 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.3+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$32,274
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	-$26,254

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$5K

$4 / participant

Investment mgmt$32K681.6%

% of EOY assets

0.002%

all-in expense ratio

Categories reported

1 / 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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,999

$44,989+206.7%

$170,435-19.0%

$77,958+77.0%

Participation rate

97.2%

64.6%+32.6pp

83.6%+13.6pp

71.6%+25.5pp

Annual return

19.13%

19.61%-0.5pp

205.94%-186.8pp

20.87%-1.7pp

Employer contribution / active EE

$5,150

$1,466+251.2%

$5,432-5.2%

$2,310+122.9%

Participant deferral / active EE

$5,042

$2,208+128.4%

$4,939+2.1%

$3,537+42.6%

Admin fee / account holder

$69-95.4%

$13,881-100.0%

$97-96.8%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.3+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$32,274

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

-$26,254

OLMSTED MEDICAL CENTER RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLMSTED MEDICAL CENTER RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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