Retirement plan

MINNIE HAMILTON HEALTH CARE CENTER 401(K) PLAN

Name: MINNIE HAMILTON HEALTH CARE CENTER - MINNIE HAMILTON HEALTH CARE CENTER 401(K) PLAN (2020) Form 5500
Creator: MINNIE HAMILTON HEALTH CARE CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MINNIE HAMILTON HEALTH CARE CENTER 401(K) PLAN, MINNIE HAMILTON HEALTH CARE CENTER

MINNIE HAMILTON HEALTH CARE CENTEREIN 55-0629032Plan #001PY 2020

186 HOSPITAL DRIVE - GRANTSVILLE, WV 26147304-354-9244LinkedIn201-500 employeesmedical practice

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$8.1M

+33.9% from 2019

Total participants

236

-4.8% from 2019

Average account balance

$50,777

+35.6% from 2019

Annual return

25.50%

+3.62 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.53M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

251

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$771K

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

+11.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$479

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
IRONWOOD CAPITAL MANAGEMENT3 years Filed as: IRONWOOD WEALTH MANAGEMENT Service code 26 · EIN 35-2242519	Advisory (Participants)	$16,216
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK LIFE INS Service code 15 · EIN 35-2242519	Recordkeeping	$280

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.

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

$209 / participant

Investment mgmt$16K39.8%
Contract admin$9002.2%
Other / not subdivided$24K58.0%

% of EOY assets

0.507%

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: GRAY GRIFFITH & MAYS, A.C.
Auditor EIN: 550621482
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,777

$58,888-13.8%

$178,499-71.6%

$73,493-30.9%

Participation rate

60.7%

66.2%-5.5pp

81.9%-21.2pp

70.7%-10.0pp

Annual return

25.50%

24.86%+0.6pp

151.10%-125.6pp

28.51%-3.0pp

Employer contribution / active EE

$1,520

$2,236-32.0%

$5,011-69.7%

$2,270-33.0%

Participant deferral / active EE

$2,487

$2,568-3.2%

$5,202-52.2%

$3,740-33.5%

Admin fee / account holder

$257

$400-35.7%

$13,986-98.2%

$513-49.8%

Provider

Service type

Compensation

IRONWOOD CAPITAL MANAGEMENT3 years

Filed as: IRONWOOD WEALTH MANAGEMENT

Service code 26 · EIN 35-2242519

Advisory (Participants)

$16,216

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK LIFE INS

Service code 15 · EIN 35-2242519

Recordkeeping

$280

MINNIE HAMILTON HEALTH CARE CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MINNIE HAMILTON HEALTH CARE CENTER 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