Retirement plan

SARATOGA MEDICAL CENTER, INC. 401(K) PLAN

Name: SARATOGA MEDICAL CENTER, INC. - SARATOGA MEDICAL CENTER, INC. 401(K) PLAN (2024) Form 5500
Creator: SARATOGA MEDICAL CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SARATOGA MEDICAL CENTER, INC. 401(K) PLAN, SARATOGA MEDICAL CENTER, INC.

SARATOGA MEDICAL CENTER, INC.EIN 54-1288737Plan #001PY 2024

11094 LEE HIGHWAY, SUITE D-103 - FAIRFAX, VA 22030646-213-4949LinkedIn1-10 employeesfood & beverages

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.7M

+47.9% from 2023

Total participants

277

-15.0% from 2023

Average account balance

$18,565

+71.1% from 2023

Annual return

44.08%

+15.24 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.68M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

198

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.

62.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.18M

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

+44.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$209

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
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$28,178
ALLIANCE PENSION CONSULTANTS, LLC5+ years Filed as: ALLIANT INSURANCE SERVICES, INC. Service code 13 · EIN 33-0785439	Contract Administrator	$12,378
ALLIANCE PENSION CONSULTANTS, LLC2 years Filed as: ALLIANT INSURANCE SERVICES, INC, Service code 99	Other Fees	$5,905
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$41K

$197 / participant

Investment mgmt$41K100.0%

% of EOY assets

1.128%

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: FORVIS MAZARS LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,565

$55,437-66.5%

$155,534-88.1%

$74,459-75.1%

Participation rate

62.4%

61.9%+0.5pp

78.2%-15.8pp

67.2%-4.8pp

Annual return

44.08%

269.58%-225.5pp

64.92%-20.8pp

1369.70%-1325.6pp

Employer contribution / active EE

$3,599

$2,266+58.8%

$4,675-23.0%

$2,626+37.1%

Participant deferral / active EE

$2,032

$2,837-28.4%

$5,630-63.9%

$4,350-53.3%

Admin fee / account holder

$209

$1,742-88.0%

$15,900-98.7%

$1,945-89.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$28,178

ALLIANCE PENSION CONSULTANTS, LLC5+ years

Filed as: ALLIANT INSURANCE SERVICES, INC.

Service code 13 · EIN 33-0785439

Contract Administrator

$12,378

ALLIANCE PENSION CONSULTANTS, LLC2 years

Filed as: ALLIANT INSURANCE SERVICES, INC,

Service code 99

Other Fees

$5,905

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

SARATOGA MEDICAL CENTER, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SARATOGA MEDICAL CENTER, INC. 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