Retirement plan

HOWARD MEMORIAL HOSPITAL 401(K) AND RETIREMENT PLAN

Name: HOWARD MEMORIAL HOSPITAL - HOWARD MEMORIAL HOSPITAL 401(K) AND RETIREMENT PLAN (2024) Form 5500
Creator: HOWARD MEMORIAL HOSPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOWARD MEMORIAL HOSPITAL 401(K) AND RETIREMENT PLAN, HOWARD MEMORIAL HOSPITAL

HOWARD MEMORIAL HOSPITALEIN 71-0644637Plan #001PY 2024

130 MEDICAL CIRCLE - NASHVILLE, AR 71852870-845-4400

Prospect flagsLow returnsLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$6M

+10.8% from 2023

Total participants

355

+20.7% from 2023

Average account balance

$27,073

+5.8% from 2023

Annual return

11.23%

-1.85 pp from 2023

Benchmarks

See 4,141 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,141 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.98M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

221

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$592K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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 7 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55	Other Commissions	$27,431
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26	Advisory (Participants)	$3,953
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 27	Advisory (Plan)	$2,818
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT INSUR. & ANNUIT CO Service code 27	Advisory (Plan)	$2,818
ASCENSUS LLC2 years Filed as: ERISA SERVICES MIDWEST, LLC Service code 49 · EIN 71-0294708	Other Services	$2,732
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY, LLC Service code 55 · EIN 06-1375177	Other Commissions	$0
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT INSUR. & ANNUITY CO Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

4 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$48K

$177 / participant

Investment mgmt$4K9.3%
Contract admin$43K90.2%
Other / not subdivided$2250.5%

% of EOY assets

0.795%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WELCH, COUCH & COMPANY, PA
Auditor EIN: 710623618
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,073

$50,815-46.7%

$155,509-82.6%

$77,643-65.1%

Participation rate

50.0%

63.1%-13.1pp

78.2%-28.2pp

70.6%-20.6pp

Annual return

11.23%

34.80%-23.6pp

64.67%-53.4pp

31.24%-20.0pp

Employer contribution / active EE

$593

$1,993-70.3%

$4,672-87.3%

$2,726-78.3%

Participant deferral / active EE

$1,616

$2,822-42.7%

$5,626-71.3%

$4,647-65.2%

Admin fee / account holder

$215

$437-50.7%

$15,912-98.6%

$430-50.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

Other Commissions

$27,431

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26

Advisory (Participants)

$3,953

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 27

Advisory (Plan)

$2,818

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INSUR. & ANNUIT CO

Service code 27

Advisory (Plan)

$2,818

ASCENSUS LLC2 years

Filed as: ERISA SERVICES MIDWEST, LLC

Service code 49 · EIN 71-0294708

Other Services

$2,732

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY, LLC

Service code 55 · EIN 06-1375177

Other Commissions

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INSUR. & ANNUITY CO

Service code 26 · EIN 71-0294708

Advisory (Participants)

HOWARD MEMORIAL HOSPITAL 401(K) AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOWARD MEMORIAL HOSPITAL 401(K) AND RETIREMENT 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