Retirement plan

NORTH SHORE HEALTHCARE, LLC RETIREMENT SAVINGS PLAN

Name: NORTH SHORE HEALTHCARE, LLC - NORTH SHORE HEALTHCARE, LLC RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: NORTH SHORE HEALTHCARE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH SHORE HEALTHCARE, LLC RETIREMENT SAVINGS PLAN, NORTH SHORE HEALTHCARE, LLC

NORTH SHORE HEALTHCARE, LLCEIN 47-5124382Plan #001PY 2024

640 VEL R PHILLIPS AVE, SUITE 200 - MILWAUKEE, WI 53203414-615-5219LinkedIn11-50 employeeshospital & health care

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$18.9M

+15.9% from 2023

Total participants

3,591

+8.0% from 2023

Average account balance

$26,771

-6.8% from 2023

Annual return

15.66%

-0.37 pp from 2023

Benchmarks

See 1,429 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,429 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.87M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

705

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.

14.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$681

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

+15.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32

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 4 by compensation

Provider	Service type	Compensation
HECK CAPITAL ADVISORS1 year Filed as: HECK CAPITAL ADVISORS, LLC Service code 99 · EIN 26-0202276	Other Fees	$15,513
LOREN D. STARK COMPANY1 year Service code 49 · EIN 74-1537058	Other Services	$8,481
MORNINGSTAR2 years Service code 27 · EIN 36-3297908	Advisory (Plan)	$4,362
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT INS & ANNUITY CO. Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$22K

$7 / participant

Contract admin$22K100.0%

% of EOY assets

0.119%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 331498605
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,771

$53,204-49.7%

$155,556-82.8%

$200,096-86.6%

Participation rate

14.2%

64.1%-49.9pp

78.2%-64.0pp

72.0%-57.8pp

Annual return

15.66%

41.02%-25.4pp

64.84%-49.2pp

34.26%-18.6pp

Employer contribution / active EE

$1,850-100.0%

$4,675-100.0%

$3,038-100.0%

Participant deferral / active EE

$681

$3,163-78.5%

$5,631-87.9%

$5,090-86.6%

Admin fee / account holder

$32

$186-82.9%

$15,885-99.8%

$269-88.2%

Provider

Service type

Compensation

HECK CAPITAL ADVISORS1 year

Filed as: HECK CAPITAL ADVISORS, LLC

Service code 99 · EIN 26-0202276

Other Fees

$15,513

LOREN D. STARK COMPANY1 year

Service code 49 · EIN 74-1537058

Other Services

$8,481

MORNINGSTAR2 years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$4,362

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INS & ANNUITY CO.

Service code 26 · EIN 71-0294708

Advisory (Participants)

NORTH SHORE HEALTHCARE, LLC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH SHORE HEALTHCARE, LLC RETIREMENT SAVINGS 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