Retirement plan

SAMARITAN BETHANY, INC. 403(B) RETIREMENT PLAN

Name: SAMARITAN BETHANY, INC. - SAMARITAN BETHANY, INC. 403(B) RETIREMENT PLAN (2024) Form 5500
Creator: SAMARITAN BETHANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAMARITAN BETHANY, INC. 403(B) RETIREMENT PLAN, SAMARITAN BETHANY, INC.

SAMARITAN BETHANY, INC.EIN 41-1373420Plan #001PY 2024

101 7TH STREET NW, PO BOX 5947 - ROCHESTER, MN 55903507-289-5042samaritanbethany.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$5.8M

+0.6% from 2023

Total participants

292

+2.1% from 2023

Average account balance

$24,832

+6.6% from 2023

Annual return

11.12%

-1.09 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.84M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

235

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.

58.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$484K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$169

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
EFS ADVISOR4 years Service code 27 1995 E. RUM RIVER DR. S · CAMBRIDGE, MN 55008	Advisory (Plan)	$27,554
PENSERV PLAN SERVICES, INC.8 years Service code 15 102 TRADE ZONE DRIVE · WEST COLUMBIA, SC 29170	Recordkeeping	$9,300

Plan features & details

Pension benefit codes2E2F2G2K2M2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$40K

$292 / participant

Trustee / custodial$3K7.3%
Investment mgmt$28K69.3%
Contract admin$9K23.4%

% of EOY assets

0.681%

all-in expense ratio

Categories reported

3 / 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

$24,832

$55,472-55.2%

$155,567-84.0%

$74,546-66.7%

Participation rate

58.1%

61.9%-3.8pp

78.2%-20.1pp

67.2%-9.1pp

Annual return

11.12%

268.72%-257.6pp

64.74%-53.6pp

1366.03%-1354.9pp

Employer contribution / active EE

$1,540

$2,269-32.1%

$4,674-67.1%

$2,624-41.3%

Participant deferral / active EE

$2,017

$2,838-28.9%

$5,628-64.2%

$4,347-53.6%

Admin fee / account holder

$169

$1,743-90.3%

$15,916-98.9%

$1,944-91.3%

Provider

Service type

Compensation

EFS ADVISOR4 years

Service code 27

1995 E. RUM RIVER DR. S · CAMBRIDGE, MN 55008

Advisory (Plan)

$27,554

PENSERV PLAN SERVICES, INC.8 years

Service code 15

102 TRADE ZONE DRIVE · WEST COLUMBIA, SC 29170

Recordkeeping

$9,300

SAMARITAN BETHANY, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAMARITAN BETHANY, INC. 403(B) RETIREMENT PLAN

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