Retirement plan

IDA COUNTY IOWA COMMUNITY HOSPITAL INC. DBA HORN MEMORIAL HOSPITAL EMPLOYEES PENSION PLAN

Name: IDA COUNTY IOWA COMMUNITY HOSPITAL INC. - IDA COUNTY IOWA COMMUNITY HOSPITAL INC. DBA HORN MEMORIAL HOSPITAL EMPLOYEES PENSION PLAN (2022) Form 5500
Creator: IDA COUNTY IOWA COMMUNITY HOSPITAL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IDA COUNTY IOWA COMMUNITY HOSPITAL INC. DBA HORN MEMORIAL HOSPITAL EMPLOYEES PENSION PLAN, IDA COUNTY IOWA COMMUNITY HOSPITAL INC.

IDA COUNTY IOWA COMMUNITY HOSPITAL INC.dba HORN MEMORIAL HOSPITALEIN 42-0843389Plan #001PY 2022

701 E 2ND ST - IDA GROVE, IA 51445712-364-3311

Other plans on this EIN

1 filing

#002Retirement-$5.8M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$5.3M

-16.8% from 2021

Total participants

199

+8.7% from 2021

Average account balance

$33,466

-22.0% from 2021

Annual return

-17.40%

-29.59 pp from 2021

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.71M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

201

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.

80.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+140.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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
AMERICAN UNITED LIFE INSURANCE CO8+ years Service code 15 · EIN 35-0145825	Recordkeeping	$26,051
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET RETIREMENT SOL Service code 26 · EIN 61-1732930	Advisory (Participants)	$5,108

Plan features & details

Pension benefit codes2C2F2G2K2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$33 / participant

Investment mgmt$5K97.4%
Contract admin$1382.6%

% of EOY assets

0.099%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,466

$65,083-48.6%

$143,788-76.7%

$66,930-50.0%

Participation rate

74.7%

65.2%+9.5pp

80.3%-5.6pp

69.8%+4.9pp

Annual return

-17.40%

-11.13%-6.3pp

-0.03%-17.4pp

1.57%-19.0pp

Employer contribution / active EE

$2,335

$2,361-1.1%

$4,952-52.8%

$2,545-8.2%

Participant deferral / active EE

$2,920-100.0%

$5,638-100.0%

$4,238-100.0%

Admin fee / account holder

$33

$502-93.4%

$14,675-99.8%

$593-94.4%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO8+ years

Service code 15 · EIN 35-0145825

Recordkeeping

$26,051

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET RETIREMENT SOL

Service code 26 · EIN 61-1732930

Advisory (Participants)

$5,108

IDA COUNTY IOWA COMMUNITY HOSPITAL INC. DBA HORN MEMORIAL HOSPITAL EMPLOYEES PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IDA COUNTY IOWA COMMUNITY HOSPITAL INC. DBA HORN MEMORIAL HOSPITAL EMPLOYEES PENSION 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