Retirement plan

HENNEPIN HEALTHCARE RESEARCH INSTITUTE 403(B) SAVINGS PLAN

Name: HENNEPIN HEALTHCARE RESEARCH INSTITUTE - HENNEPIN HEALTHCARE RESEARCH INSTITUTE 403(B) SAVINGS PLAN (2021) Form 5500
Creator: HENNEPIN HEALTHCARE RESEARCH INSTITUTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HENNEPIN HEALTHCARE RESEARCH INSTITUTE 403(B) SAVINGS PLAN, HENNEPIN HEALTHCARE RESEARCH INSTITUTE

HENNEPIN HEALTHCARE RESEARCH INSTITUTEEIN 41-1677920Plan #002PY 2021

701 PARK AVE., PP7.700 - MINNEAPOLIS, MN 55415612-873-5308hhrinstitute.orgLinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$29.0M assets

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$21M

+5.1% from 2020

Total participants

206

-1.4% from 2020

Average account balance

$184,595

+6.9% from 2020

Annual return

14.55%

-2.12 pp from 2020

Benchmarks

See 5,715 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.09M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

180

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.

53.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.21M

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

+14.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	$9,210

Plan features & details

Pension benefit codes2R2G2J2E2T2M2L

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$9K

$45 / participant

Investment mgmt$1031.1%
Other / not subdivided$9K98.9%

% of EOY assets

0.044%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US, LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$184,595

$104,479+76.7%

$159,474+15.8%

$79,391+132.5%

Participation rate

55.3%

76.6%-21.3pp

82.8%-27.5pp

70.7%-15.4pp

Annual return

14.55%

67.98%-53.4pp

263.68%-249.1pp

116.88%-102.3pp

Employer contribution / active EE

$3,417-100.0%

$4,831-100.0%

$2,428-100.0%

Participant deferral / active EE

$5,083

$6,468-21.4%

$7,353-30.9%

$4,046+25.6%

Admin fee / account holder

$82

$711-88.5%

$10,802-99.2%

$627-87.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

$9,210

HENNEPIN HEALTHCARE RESEARCH INSTITUTE 403(B) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HENNEPIN HEALTHCARE RESEARCH INSTITUTE 403(B) 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