Retirement plan

SMS RETIREMENT SAVINGS PLAN

Name: NORTHERN SHARED MEDICAL SERVICES, INC. - SMS RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: NORTHERN SHARED MEDICAL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMS RETIREMENT SAVINGS PLAN, NORTHERN SHARED MEDICAL SERVICES, INC.

NORTHERN SHARED MEDICAL SERVICES, INC.EIN 41-1388075Plan #001PY 2023

209 LIMESTONE PASS - COTTAGE GROVE, WI 535278968608-839-9050

Other plans on this EIN

1 filing

#002Retirement-$85.7M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$45.5M

+14.3% from 2022

Total participants

578

+7.0% from 2022

Average account balance

$119,382

+10.1% from 2022

Annual return

21.31%

+40.62 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.14M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

401

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.

56.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+18.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-140

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
STRATEGIC ADVISORS, INC.7 years Service code 27 · EIN 04-2654524 82 DEVONSHIRE ST. · BOSTON, MA 02109	Advisory (Plan)	$9,036
FIDELITY INVESTMENTS INSTITUTIONAL8 years Filed as: FIDELITY INVESTMENTS INST OP CO INC Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

-$58K

$-119 / participant

Recordkeeping$3K0.0%
Investment mgmt$9K0.0%

% of EOY assets

-0.127%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SVA CERTIFIED PUBLIC ACCOUNTANTS SC
Auditor EIN: 391203191
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,382

$95,417+25.1%

$135,974-12.2%

$74,460+60.3%

Participation rate

59.4%

78.2%-18.8pp

81.9%-22.5pp

70.7%-11.4pp

Annual return

21.31%

32.76%-11.5pp

68.30%-47.0pp

34.38%-13.1pp

Employer contribution / active EE

$3,878-100.0%

$4,859-100.0%

$2,638-100.0%

Participant deferral / active EE

$4,649

$7,789-40.3%

$7,760-40.1%

$4,530+2.6%

Admin fee / account holder

-$152

$266-157.1%

$10,767-101.4%

$348-143.7%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.7 years

Service code 27 · EIN 04-2654524

82 DEVONSHIRE ST. · BOSTON, MA 02109

Advisory (Plan)

$9,036

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Filed as: FIDELITY INVESTMENTS INST OP CO INC

Service code 60

Sub-TA Fees

SMS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMS RETIREMENT SAVINGS 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