Retirement plan

FREEMAN RETIREMENT PLAN

Name: FREEMAN HEALTH SYSTEM - FREEMAN RETIREMENT PLAN (2021) Form 5500
Creator: FREEMAN HEALTH SYSTEM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FREEMAN RETIREMENT PLAN, FREEMAN HEALTH SYSTEM

FREEMAN HEALTH SYSTEMEIN 43-1704371Plan #001PY 2021

1102 WEST 32ND ST - JOPLIN, MO 64804417-347-8900freemanhealth.comLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$186.8M assets

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed July 22, 2025 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1102 W. 32nd Street

Joplin, MO 64804

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Plans declared (1)

Deferred Compensation Plan11 emp

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Total assets (EOY)

$110.6M

-7.3% from 2016

Total participants

5,004

-3.7% from 2016

Average account balance

$31,999

-2.7% from 2016

Annual return

13.03%

-6.20 pp from 2016

Benchmarks

See 1,316 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,316 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$119.62M

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.

3,420

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.

61.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION6 years Service code 13 · EIN 35-1140070	Contract Administrator	$255,839
ADP BROKER-DEALER7+ years Filed as: PENSION CONSULTANTS INC Service code 16 · EIN 43-1685158	Consulting	$68,348

Plan features & details

Pension benefit codes2E2F2G2K3D3H2T2R

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$324K

$75 / participant

Investment mgmt$68K21.1%
Contract admin$256K78.9%

% of EOY assets

0.293%

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: FORVIS LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,999

$67,512-52.6%

$185,854-82.8%

$93,010-65.6%

Participation rate

64.3%

67.1%-2.8pp

81.7%-17.4pp

73.9%-9.6pp

Annual return

13.03%

21.04%-8.0pp

122.12%-109.1pp

158.70%-145.7pp

Employer contribution / active EE

$1,187

$1,783-33.4%

$5,169-77.0%

$2,705-56.1%

Participant deferral / active EE

$3,035-100.0%

$5,569-100.0%

$4,561-100.0%

Admin fee / account holder

$94

$318-70.5%

$16,246-99.4%

$152-38.1%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION6 years

Service code 13 · EIN 35-1140070

Contract Administrator

$255,839

ADP BROKER-DEALER7+ years

Filed as: PENSION CONSULTANTS INC

Service code 16 · EIN 43-1685158

Consulting

$68,348

FREEMAN RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FREEMAN RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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