Retirement plan

NORTHWOOD DEACONESS HEALTH CENTER 401 (K) PLAN

Name: NORTHWOOD DEACONESS HEALTH CENTER - NORTHWOOD DEACONESS HEALTH CENTER 401 (K) PLAN (2022) Form 5500
Creator: NORTHWOOD DEACONESS HEALTH CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHWOOD DEACONESS HEALTH CENTER 401 (K) PLAN, NORTHWOOD DEACONESS HEALTH CENTER

NORTHWOOD DEACONESS HEALTH CENTEREIN 45-0226472Plan #002PY 2022

4 N PARK ST - NORTHWOOD, ND 582670190701-587-6060ndhc.netLinkedIn51-200 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.3M

-12.1% from 2021

Total participants

173

-16.4% from 2021

Average account balance

$31,960

-12.1% from 2021

Annual return

-15.06%

-30.35 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.52M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

159

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$613K

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

+13.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$263

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
ALERUS FINANCIAL, N.A.8+ years Filed as: ALERUS FINANCIAL Service code 21 · EIN 45-0140105 PO BOX 64533 · ST. PAUL, MN 551640533	Bank Trustee	$30,864
BRADY MARTZ & ASSOCIATES8+ years Filed as: BRADY MARTZ Service code 10 · EIN 45-0310328 PO BOX 14296 · GRAND FORKS, ND 582084296	Accounting	$7,900

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$39K

$296 / participant

Other / not subdivided$39K100.0%

% of EOY assets

0.731%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BRADY MARTZ & ASSOCIATES, P.C.
Auditor EIN: 450310328
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,960

$65,125-50.9%

$143,797-77.8%

$66,949-52.3%

Participation rate

94.7%

65.2%+29.5pp

80.3%+14.3pp

69.8%+24.8pp

Annual return

-15.06%

-11.13%-3.9pp

-0.04%-15.0pp

1.57%-16.6pp

Employer contribution / active EE

$1,602

$2,362-32.2%

$4,952-67.6%

$2,545-37.1%

Participant deferral / active EE

$1,966

$2,920-32.7%

$5,638-65.1%

$4,239-53.6%

Admin fee / account holder

$234

$503-53.5%

$14,679-98.4%

$594-60.7%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.8+ years

Filed as: ALERUS FINANCIAL

Service code 21 · EIN 45-0140105

PO BOX 64533 · ST. PAUL, MN 551640533

Bank Trustee

$30,864

BRADY MARTZ & ASSOCIATES8+ years

Filed as: BRADY MARTZ

Service code 10 · EIN 45-0310328

PO BOX 14296 · GRAND FORKS, ND 582084296

Accounting

$7,900

NORTHWOOD DEACONESS HEALTH CENTER 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHWOOD DEACONESS HEALTH CENTER 401 (K) 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