Retirement plan

FMRS HEALTH SYSTEMS, INC. 401(K) PLAN

Name: FMRS HEALTH SYSTEMS, INC. - FMRS HEALTH SYSTEMS, INC. 401(K) PLAN (2023) Form 5500
Creator: FMRS HEALTH SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FMRS HEALTH SYSTEMS, INC. 401(K) PLAN, FMRS HEALTH SYSTEMS, INC.

FMRS HEALTH SYSTEMS, INC.EIN 55-0520303Plan #002PY 2023

101 SOUTH EISENHOWER DRIVE - BECKLEY, WV 258014929304-256-7100fmrs.orgLinkedIn201-500 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9M

+4.2% from 2022

Total participants

276

-10.4% from 2022

Average account balance

$32,640

+16.3% from 2022

Annual return

14.23%

+29.53 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.04M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

302

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$754K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$160

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
ASCENSUS LLC3 years Filed as: ASCENSUS Service code 19 · EIN 11-3665754	Securities Custodian	$35,060
ONEDIGITAL INVESTMENT ADVISORS LLC2 years Filed as: ONE DIGITAL INVESTMENT ADVISORS Service code 26 11101 SWITZER ROAD · OVERLAND PARK, KS 66210	Advisory (Participants)	$13,702

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$45K

$204 / participant

Recordkeeping$31K69.1%
Investment mgmt$14K30.9%

% of EOY assets

0.503%

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: BROWN, EDWARDS & COMPANY, L.L.P.
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,640

$61,391-46.8%

$149,723-78.2%

$71,529-54.4%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

14.23%

35.88%-21.6pp

134.50%-120.3pp

28.97%-14.7pp

Employer contribution / active EE

$2,624

$2,384+10.1%

$4,821-45.6%

$2,590+1.3%

Participant deferral / active EE

$1,126

$2,921-61.4%

$5,682-80.2%

$4,291-73.8%

Admin fee / account holder

$164

$1,264-87.0%

$13,215-98.8%

$1,588-89.7%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Filed as: ASCENSUS

Service code 19 · EIN 11-3665754

Securities Custodian

$35,060

ONEDIGITAL INVESTMENT ADVISORS LLC2 years

Filed as: ONE DIGITAL INVESTMENT ADVISORS

Service code 26

11101 SWITZER ROAD · OVERLAND PARK, KS 66210

Advisory (Participants)

$13,702

FMRS HEALTH SYSTEMS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FMRS HEALTH SYSTEMS, 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