Retirement plan

LAKE CHARLES MEMORIAL HEALTH SYSTEM RETIREMENT PLAN

Name: SOUTHWEST LOUISIANA HOSPITAL ASSOCIATION - LAKE CHARLES MEMORIAL HEALTH SYSTEM RETIREMENT PLAN (2023) Form 5500
Creator: SOUTHWEST LOUISIANA HOSPITAL ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAKE CHARLES MEMORIAL HEALTH SYSTEM RETIREMENT PLAN, SOUTHWEST LOUISIANA HOSPITAL ASSOCIATION

SOUTHWEST LOUISIANA HOSPITAL ASSOCIATIONdba D/B/A LAKE CHARLES MEMORIAL HEALTH SYSTEMEIN 72-0551963Plan #002PY 2023

1701 OAK PARK BLVD - LAKE CHARLES, LA 70601337-494-3255LinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$93.4M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$46M

+15.9% from 2022

Total participants

2,458

-16.1% from 2022

Average account balance

$19,967

+36.0% from 2022

Annual return

15.46%

+29.39 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.73M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

2,257

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.

89.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.58M

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

+11.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$44

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
LINCOLN NATIONAL CORPORATION2 years Service code 13 · EIN 35-0472300	Contract Administrator	$71,151
PARALLEL ADVISORS LLC1 year Filed as: PARALLEL ADVISORS Service code 13 · EIN 20-4420591	Contract Administrator	$43,859

Plan features & details

Pension benefit codes2F2G2T2K3D3H2E

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$115K

$57 / participant

Investment mgmt$44K38.1%
Contract admin$71K61.9%

% of EOY assets

0.250%

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: EISNERAMPER, LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,967

$50,150-60.2%

$149,723-86.7%

$80,169-75.1%

Participation rate

92.5%

64.3%+28.2pp

78.8%+13.7pp

72.9%+19.6pp

Annual return

15.46%

29.80%-14.3pp

134.50%-119.0pp

40.39%-24.9pp

Employer contribution / active EE

$2,182

$1,868+16.8%

$4,821-54.7%

$2,978-26.7%

Participant deferral / active EE

$3,195-100.0%

$5,682-100.0%

$5,016-100.0%

Admin fee / account holder

$50

$153-67.3%

$13,215-99.6%

$145-65.6%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION2 years

Service code 13 · EIN 35-0472300

Contract Administrator

$71,151

PARALLEL ADVISORS LLC1 year

Filed as: PARALLEL ADVISORS

Service code 13 · EIN 20-4420591

Contract Administrator

$43,859

LAKE CHARLES MEMORIAL HEALTH SYSTEM RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAKE CHARLES MEMORIAL HEALTH SYSTEM 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