Retirement plan

BRADLEY COUNTY MEDICAL CENTER (TE) RETIREMENT PLAN

Name: BRADLEY COUNTY MEDICAL CENTER - BRADLEY COUNTY MEDICAL CENTER (TE) RETIREMENT PLAN (2022) 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 2022

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$5.6M

-10.8% from 2021

Total participants

197

-3.9% from 2021

Average account balance

$40,962

-6.9% from 2021

Annual return

-14.25%

-25.08 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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
NEWPORT GROUP, INC.6 years Service code 15 · EIN 27-2037969	Recordkeeping	$18,574
HAGAN NEWKIRK FINANCIAL SERVICES6 years Service code 27 6325 RANCH DRIVE · LITTLE ROCK, AR 72223	Advisory (Plan)	$15,400

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

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

$37K

$236 / participant

Investment mgmt$15K41.8%
Contract admin$19K50.5%
Other / not subdivided$3K7.7%

% of EOY assets

0.661%

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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,962

$65,125-37.1%

$143,797-71.5%

$66,949-38.8%

Participation rate

60.9%

65.2%-4.3pp

80.3%-19.4pp

69.8%-8.9pp

Annual return

-14.25%

-11.13%-3.1pp

-0.04%-14.2pp

1.57%-15.8pp

Employer contribution / active EE

$1,404

$2,362-40.6%

$4,952-71.6%

$2,545-44.8%

Participant deferral / active EE

$2,122

$2,920-27.3%

$5,638-62.4%

$4,239-49.9%

Admin fee / account holder

$271

$503-46.2%

$14,679-98.2%

$594-54.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.6 years

Service code 15 · EIN 27-2037969

Recordkeeping

$18,574

HAGAN NEWKIRK FINANCIAL SERVICES6 years

Service code 27

6325 RANCH DRIVE · LITTLE ROCK, AR 72223

Advisory (Plan)

$15,400

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