Retirement plan

TOURO INFIRMARY RETIREMENT PLAN

Name: TOURO INFIRMARY - TOURO INFIRMARY RETIREMENT PLAN (2023) Form 5500
Creator: TOURO INFIRMARY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOURO INFIRMARY RETIREMENT PLAN, TOURO INFIRMARY

TOURO INFIRMARYEIN 72-0423659Plan #001PY 2023

2000 CANAL STREET - NEW ORLEANS, LA 70112504-702-3749touro.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsHigh retiree %Low employer contributionLow participant contribution

Top hat statement on fileNQDC

Filed January 12, 2013 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$22.7M

-0.5% from 2022

Total participants

1,211

-13.1% from 2022

Average account balance

No prior year

Annual return

10.51%

+27.48 pp from 2022

Benchmarks

See 152 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants250-999

Cohort152 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.02M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

585

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

$820K

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

+5.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 4 by compensation

Provider	Service type	Compensation
FIRST HORIZON ADVISORS INC3 years Filed as: FIRST HORIZON ADVISORS Service code 21 · EIN 62-1254528 601 POYDRAS STREET · NEW ORLEANS, LA 70130	Bank Trustee	$25,092
PBI2 years Filed as: PBI PENSION BENEFIT INFORMATION LLC Service code 38 333 SOUTH 7TH STREET · MINNEAPOLIS, MN 55402	Participant Communication	$11,170
WESTERN ASSET MANAGEMENT COMPANY6 years Filed as: WESTERN ASSET MANAGEMENT CO. Service code 28 · EIN 52-1200960	Investment Management	$10,025
MERCER9+ years Filed as: MERCER INVESTMENT CONSULTING, INC. Service code 27 · EIN 61-0736136	Advisory (Plan)	$10,000

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1A1C1I

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$399K

$707 / participant

Investment mgmt$20K5.0%
Other trustee fees$22K5.6%
Other / not subdivided$356K89.4%

% of EOY assets

1.760%

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: LAPORTE,CPAS
Auditor EIN: 721088864
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,299,877-100.0%

$247,553-100.0%

$3,299,877-100.0%

Participation rate

0.0%

0.0%0pp

50.4%-50.4pp

2.3%-2.3pp

Annual return

10.51%

17.94%-7.4pp

32.33%-21.8pp

37.74%-27.2pp

Employer contribution / active EE

$1,555

$10,320-84.9%

$33,960-95.4%

$15,788-90.2%

Participant deferral / active EE

$180-100.0%

$43-100.0%

$732-100.0%

Admin fee / account holder

$9,287-100.0%

$10,141-100.0%

$9,287-100.0%

Provider

Service type

Compensation

FIRST HORIZON ADVISORS INC3 years

Filed as: FIRST HORIZON ADVISORS

Service code 21 · EIN 62-1254528

601 POYDRAS STREET · NEW ORLEANS, LA 70130

Bank Trustee

$25,092

PBI2 years

Filed as: PBI PENSION BENEFIT INFORMATION LLC

Service code 38

333 SOUTH 7TH STREET · MINNEAPOLIS, MN 55402

Participant Communication

$11,170

WESTERN ASSET MANAGEMENT COMPANY6 years

Filed as: WESTERN ASSET MANAGEMENT CO.

Service code 28 · EIN 52-1200960

Investment Management

$10,025

MERCER9+ years

Filed as: MERCER INVESTMENT CONSULTING, INC.

Service code 27 · EIN 61-0736136

Advisory (Plan)

$10,000

TOURO INFIRMARY RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOURO INFIRMARY RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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