Retirement plan

BRADLEY COUNTY MEDICAL CENTER (TE) RETIREMENT PLAN

Name: BRADLEY COUNTY MEDICAL CENTER - BRADLEY COUNTY MEDICAL CENTER (TE) RETIREMENT PLAN (2019) Form 5500
Creator: BRADLEY COUNTY MEDICAL CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRADLEY COUNTY MEDICAL CENTER (TE) RETIREMENT PLAN, BRADLEY COUNTY MEDICAL CENTER

BRADLEY COUNTY MEDICAL CENTEREIN 71-0797499Plan #002PY 2019

404 SOUTH BRADLEY STREET - WARREN, AR 71671870-226-3731bradleycountymedicalcenter.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$5.8M

+11.1% from 2018

Total participants

214

+22.3% from 2018

Average account balance

$33,670

+8.5% from 2018

Annual return

18.03%

+24.07 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.60M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

136

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.

72.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$572K

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

+7.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$282

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
HAGAN NEWKIRK FINANCIAL SERVICES3 years Service code 27 6325 RANCH DRIVE · LITTLE ROCK, AR 72223	Advisory (Plan)	$19,182
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969	Recordkeeping	$16,430

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$38K

$242 / participant

Investment mgmt$19K50.8%
Contract admin$16K43.5%
Other / not subdivided$2K5.7%

% of EOY assets

0.648%

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: WELCH COUCH AND COMPANY, PA
Auditor EIN: 710623618
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,670

$52,961-36.4%

$172,745-80.5%

$65,185-48.3%

Participation rate

73.7%

66.2%+7.5pp

82.6%-8.9pp

70.2%+3.5pp

Annual return

18.03%

30.12%-12.1pp

802.90%-784.9pp

29.38%-11.4pp

Employer contribution / active EE

$1,355

$2,190-38.1%

$5,144-73.7%

$2,177-37.8%

Participant deferral / active EE

$1,968

$2,471-20.4%

$5,197-62.1%

$3,514-44.0%

Admin fee / account holder

$218

$472-53.7%

$13,954-98.4%

$847-74.2%

Provider

Service type

Compensation

HAGAN NEWKIRK FINANCIAL SERVICES3 years

Service code 27

6325 RANCH DRIVE · LITTLE ROCK, AR 72223

Advisory (Plan)

$19,182

NEWPORT GROUP, INC.3 years

Service code 15 · EIN 27-2037969

Recordkeeping

$16,430

BRADLEY COUNTY MEDICAL CENTER (TE) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRADLEY COUNTY MEDICAL CENTER (TE) 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