Retirement plan

WISHEK COMMUNITY HOSPITAL AND CLINICS TAX DEFERRED ANNUITY PLAN

Name: WISHEK COMMUNITY HOSPITAL - WISHEK COMMUNITY HOSPITAL AND CLINICS TAX DEFERRED ANNUITY PLAN (2019) Form 5500
Creator: WISHEK COMMUNITY HOSPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WISHEK COMMUNITY HOSPITAL AND CLINICS TAX DEFERRED ANNUITY PLAN, WISHEK COMMUNITY HOSPITAL

WISHEK COMMUNITY HOSPITALEIN 45-0358986Plan #002PY 2019

1007 4TH AVENUE SOUTH - WISHEK, ND 58495701-452-2326LinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#001Retirement-$1.6M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.3M

+11.2% from 2018

Total participants

+5.1% from 2018

Average account balance

$40,935

+7.1% from 2018

Annual return

21.20%

+13.55 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.41M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

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.

135.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$287K

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

+13.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3610

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2L2T2M

Plan features

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$646K

$9795 / participant

Other / not subdivided$646K100.0%

% of EOY assets

19.497%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,935

$85,171-51.9%

$172,752-76.3%

$72,975-43.9%

Participation rate

97.0%

70.1%+26.9pp

82.6%+14.3pp

69.5%+27.5pp

Annual return

21.20%

27.32%-6.1pp

802.97%-781.8pp

81.01%-59.8pp

Employer contribution / active EE

$1,729

$3,324-48.0%

$5,144-66.4%

$2,440-29.2%

Participant deferral / active EE

$3,232

$3,260-0.8%

$5,198-37.8%

$3,608-10.4%

Admin fee / account holder

$7,981

$5,880+35.7%

$13,955-42.8%

$5,124+55.8%

WISHEK COMMUNITY HOSPITAL AND CLINICS TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WISHEK COMMUNITY HOSPITAL AND CLINICS TAX DEFERRED ANNUITY 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