Retirement plan

ZUMBRO VALLEY HEALTH CENTER 401(K) SAVINGS PLAN

Name: ZUMBRO VALLEY HEALTH CENTER, INC. - ZUMBRO VALLEY HEALTH CENTER 401(K) SAVINGS PLAN (2024) Form 5500
Creator: ZUMBRO VALLEY HEALTH CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZUMBRO VALLEY HEALTH CENTER 401(K) SAVINGS PLAN, ZUMBRO VALLEY HEALTH CENTER, INC.

ZUMBRO VALLEY HEALTH CENTER, INC.EIN 41-6052022Plan #002PY 2024

343 WOOD LAKE DRIVE SE - ROCHESTER, MN 55904507-535-5715zvhc.orgLinkedIn201-500 employeesmental health care

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$8.7M

+7.0% from 2023

Total participants

283

-28.5% from 2023

Average account balance

$34,566

+51.7% from 2023

Annual return

10.92%

-6.06 pp from 2023

Benchmarks

See 6,007 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,007 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.68M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

251

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.

85.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$969K

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

+10.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$649

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$49,070
ASCENSUS LLC2 years Filed as: ASCENSUS HOLDINGS, INC. DBA FUTUREP Service code 13 · EIN 82-3719843 101 W. BROADWAY, STE 1420 · SAN DIEGO, CA 92101	Contract Administrator	$44,829
ZUMBRO VALLEY HEALTH CENTER1 year Service code 13 343 WOOD LAKE DR SE · ROCHESTER, MN 55979	Contract Administrator	$42,008
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$23,137
STIFEL NICOLAUS & CO INC2 years Filed as: STIFEL NICOLAUS & CO., INC. Service code 55 501 N. BROADWAY · ST. LOUIS, MO 63102	Other Commissions	$19,535
LEAFHOUSE FINANCIAL ADVISORS, LLC2 years Service code 99 6300 BRIDGE POINT PKWY · AUSTIN, TX 787305097	Other Fees	$1,710

Plan features & details

Pension benefit codes2E2J2K2F2G3D2S

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$163K

$744 / participant

Contract admin$163K100.0%

% of EOY assets

1.878%

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: SMITH SCHAFER AND ASSOCIATES LTD
Auditor EIN: 411489071
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,566

$55,446-37.7%

$155,574-77.8%

$74,429-53.6%

Participation rate

85.4%

61.9%+23.5pp

78.2%+7.2pp

67.2%+18.2pp

Annual return

10.92%

269.20%-258.3pp

64.87%-53.9pp

1368.38%-1357.5pp

Employer contribution / active EE

$1,245

$2,266-45.1%

$4,676-73.4%

$2,625-52.6%

Participant deferral / active EE

$3,182

$2,836+12.2%

$5,629-43.5%

$4,348-26.8%

Admin fee / account holder

$649

$1,743-62.8%

$15,914-95.9%

$1,944-66.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$49,070

ASCENSUS LLC2 years

Filed as: ASCENSUS HOLDINGS, INC. DBA FUTUREP

Service code 13 · EIN 82-3719843

101 W. BROADWAY, STE 1420 · SAN DIEGO, CA 92101

Contract Administrator

$44,829

ZUMBRO VALLEY HEALTH CENTER1 year

Service code 13

343 WOOD LAKE DR SE · ROCHESTER, MN 55979

Contract Administrator

$42,008

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$23,137

STIFEL NICOLAUS & CO INC2 years

Filed as: STIFEL NICOLAUS & CO., INC.

Service code 55

501 N. BROADWAY · ST. LOUIS, MO 63102

Other Commissions

$19,535

LEAFHOUSE FINANCIAL ADVISORS, LLC2 years

Service code 99

6300 BRIDGE POINT PKWY · AUSTIN, TX 787305097

Other Fees

$1,710

ZUMBRO VALLEY HEALTH CENTER 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZUMBRO VALLEY HEALTH CENTER 401(K) 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