Retirement plan

MARY WASHINGTON HEALTHCARE 401(K) PLAN

Name: MARY WASHINGTON HEALTHCARE - MARY WASHINGTON HEALTHCARE 401(K) PLAN (2024) Form 5500
Creator: MARY WASHINGTON HEALTHCARE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARY WASHINGTON HEALTHCARE 401(K) PLAN, MARY WASHINGTON HEALTHCARE

MARY WASHINGTON HEALTHCAREEIN 54-1240646Plan #002PY 2024

1340 CENTRAL PARK BLVD, SUITE 100 - FREDERICKSBURG, VA 22401540-741-2500marywashingtonhealthcare.comLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

2 filings

#003Retirement-$400.3M assets #001Retirement-$128.0M assets

Prospect flagsLow returnsHigh feesLow assets / participantWind-down / frozen

Top hat statement on fileNQDC

Filed March 17, 2003

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$270K

-4.1% from 2016

Total participants

+25.6% from 2016

Average account balance

$5,505

-33.7% from 2016

Annual return

7.40%

-9.04 pp from 2016

Benchmarks

See 21,691 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,691 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$270K

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+7.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2817

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 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS INS OPS CO LLC Service code 37 · EIN 04-2647786	Loan Processing	$64,418
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Service code 27 · EIN 43-1451524	Advisory (Plan)	$19,865
RESOURCES INVESTMENT ADVISORS LLC4 years Service code 16 · EIN 43-1451524	Consulting	$18,400
BAKER TILLY US, LLP3 years Service code 10 · EIN 30-1413443	Accounting	$17,003
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Filed as: ONEDIGITAL INVESTMENT ADVISORS, LLC Service code 16 · EIN 82-1434504	Consulting	$4,966
METLIFE LIFE INSURANCE COMPANY3 years Filed as: BRIGHTHOUSE LIFE INSURANCE COMPANY Service code 64 · EIN 06-0566090	Recordkeeping Fees	$90

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H3D

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.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$138K

$2817 / participant

Recordkeeping$65K46.7%
Investment mgmt$20K14.4%
Other / not subdivided$54K38.9%

% of EOY assets

51.179%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $17,003
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,505

$81,358-93.2%

$155,556-96.5%

$80,959-93.2%

Participation rate

98.0%

66.3%+31.7pp

78.2%+19.7pp

67.7%+30.3pp

Annual return

7.40%

33.39%-26.0pp

64.84%-57.4pp

35.67%-28.3pp

Employer contribution / active EE

$3,106-100.0%

$4,675-100.0%

$2,757-100.0%

Participant deferral / active EE

$3,455-100.0%

$5,631-100.0%

$4,300-100.0%

Admin fee / account holder

$2,817

$7,994-64.8%

$15,885-82.3%

$6,925-59.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS INS OPS CO LLC

Service code 37 · EIN 04-2647786

Loan Processing

$64,418

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Service code 27 · EIN 43-1451524

Advisory (Plan)

$19,865

RESOURCES INVESTMENT ADVISORS LLC4 years

Service code 16 · EIN 43-1451524

Consulting

$18,400

BAKER TILLY US, LLP3 years

Service code 10 · EIN 30-1413443

Accounting

$17,003

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Filed as: ONEDIGITAL INVESTMENT ADVISORS, LLC

Service code 16 · EIN 82-1434504

Consulting

$4,966

METLIFE LIFE INSURANCE COMPANY3 years

Filed as: BRIGHTHOUSE LIFE INSURANCE COMPANY

Service code 64 · EIN 06-0566090

Recordkeeping Fees

$90

MARY WASHINGTON HEALTHCARE 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARY WASHINGTON HEALTHCARE 401(K) PLAN

Top hat statement on fileNQDC

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