Retirement plan

SECTION 403(B) RETIREMENT PLAN FOR MOUNTAIN COMPREHENSIVE HEALTH CORPORATION

Name: MOUNTAIN COMPREHENSIVE HEALTH CORPORATION - SECTION 403(B) RETIREMENT PLAN FOR MOUNTAIN COMPREHENSIVE HEALTH CORPORATION (2023) Form 5500
Creator: MOUNTAIN COMPREHENSIVE HEALTH CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECTION 403(B) RETIREMENT PLAN FOR MOUNTAIN COMPREHENSIVE HEALTH CORPORATION, MOUNTAIN COMPREHENSIVE HEALTH CORPORATION

MOUNTAIN COMPREHENSIVE HEALTH CORPORATIONEIN 61-0712406Plan #003PY 2023

226 MEDICAL PLAZA LANE - WHITESBURG, KY 41858606-633-4823mountaincomprehensivehealth.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$19.1M

+20.7% from 2022

Total participants

656

+4.3% from 2022

Average account balance

$51,220

+12.3% from 2022

Annual return

12.58%

+24.50 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.36M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

363

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.

51.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.18M

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

+10.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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 3 by compensation

Provider	Service type	Compensation
MERIDIAN WEALTH MANAGEMENT LLC7 years Filed as: MERIDIAN WEALTH MANAGEMENT Service code 27 · EIN 27-0846572	Advisory (Plan)	$38,429
TRANSAMERICA RETIREMENT SOLUTIONS7 years Service code 12 · EIN 13-3689044	Claims processing; Participant loan p...	$11,816
NATIONAL FINANCIAL SERVICES5 years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2K2L2M2T3D

Plan features

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$81K

$143 / participant

Recordkeeping$42K52.3%
Investment mgmt$38K47.7%

% of EOY assets

0.423%

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: BLUE & CO., LLC
Auditor EIN: 351178661
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,220

$47,163+8.6%

$149,696-65.8%

$74,460-31.2%

Participation rate

49.6%

63.4%-13.9pp

78.8%-29.2pp

70.7%-21.2pp

Annual return

12.58%

22.75%-10.2pp

134.46%-121.9pp

34.38%-21.8pp

Employer contribution / active EE

$1,113

$1,907-41.6%

$4,821-76.9%

$2,638-57.8%

Participant deferral / active EE

$2,288

$2,730-16.2%

$5,682-59.7%

$4,530-49.5%

Admin fee / account holder

$217

$343-36.8%

$13,212-98.4%

$348-37.7%

Provider

Service type

Compensation

MERIDIAN WEALTH MANAGEMENT LLC7 years

Filed as: MERIDIAN WEALTH MANAGEMENT

Service code 27 · EIN 27-0846572

Advisory (Plan)

$38,429

TRANSAMERICA RETIREMENT SOLUTIONS7 years

Service code 12 · EIN 13-3689044

Claims processing; Participant loan p...

$11,816

NATIONAL FINANCIAL SERVICES5 years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

SECTION 403(B) RETIREMENT PLAN FOR MOUNTAIN COMPREHENSIVE HEALTH CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECTION 403(B) RETIREMENT PLAN FOR MOUNTAIN COMPREHENSIVE HEALTH CORPORATION

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