Retirement plan

HURON REGIONAL MEDICAL CENTER, INC. EMPLOYEE RETIREMENT PLAN

Name: HURON REGIONAL MEDICAL CENTER, INC. - HURON REGIONAL MEDICAL CENTER, INC. EMPLOYEE RETIREMENT PLAN (2015) Form 5500
Creator: HURON REGIONAL MEDICAL CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HURON REGIONAL MEDICAL CENTER, INC. EMPLOYEE RETIREMENT PLAN, HURON REGIONAL MEDICAL CENTER, INC.

HURON REGIONAL MEDICAL CENTER, INC.EIN 46-0345312Plan #003PY 2015

172 4TH STREET, S.E. - HURON, SD 57350605-353-6539huronregional.orgLinkedIn201-500 employeeshospital & health care

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.2M

No prior year

Total participants

342

No prior year

Average account balance

$50,221

No prior year

Annual return

-1.83%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.81M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

430

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.

95.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.86M

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$181

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
FIRST MERCANTILE TRUST COMPANY1+ years Filed as: FIRST MERCANTILE TRUST Service code 12 · EIN 62-0951563	Investment management; Trustee (direc...	$99,335
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO INVESTMENTS, LLC Service code 16 1 NORTH JEFFERSON · ST. LOUIS, MO 63103	Consulting	$58,328

Plan features & details

Pension benefit codes2E2G2J3D2F2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$97K

$388 / participant

Investment mgmt$58K59.9%
Contract admin$39K40.1%

% of EOY assets

0.567%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ELO PROF LLC
Auditor EIN: 460434947
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,221

$37,117+35.3%

$147,617-66.0%

$55,191-9.0%

Participation rate

100.0%

63.6%+36.4pp

84.6%+15.4pp

69.2%+30.8pp

Annual return

-1.83%

3.44%-5.3pp

61.98%-63.8pp

10.78%-12.6pp

Employer contribution / active EE

$2,166

$1,620+33.7%

$5,564-61.1%

$1,899+14.1%

Participant deferral / active EE

$1,788

$1,985-10.0%

$4,895-63.5%

$3,046-41.3%

Admin fee / account holder

$285

$86+232.7%

$11,612-97.5%

$91+213.6%

Provider

Service type

Compensation

FIRST MERCANTILE TRUST COMPANY1+ years

Filed as: FIRST MERCANTILE TRUST

Service code 12 · EIN 62-0951563

Investment management; Trustee (direc...

$99,335

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO INVESTMENTS, LLC

Service code 16

1 NORTH JEFFERSON · ST. LOUIS, MO 63103

Consulting

$58,328

HURON REGIONAL MEDICAL CENTER, INC. EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HURON REGIONAL MEDICAL CENTER, INC. EMPLOYEE RETIREMENT 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