Retirement plan

MORTON COMPREHENSIVE HEALTH SERVICES 403(B) RETIREMENT PLAN

Name: MORTON COMPREHENSIVE HEALTH SERVICES, INC. - MORTON COMPREHENSIVE HEALTH SERVICES 403(B) RETIREMENT PLAN (2021) Form 5500
Creator: MORTON COMPREHENSIVE HEALTH SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORTON COMPREHENSIVE HEALTH SERVICES 403(B) RETIREMENT PLAN, MORTON COMPREHENSIVE HEALTH SERVICES, INC.

MORTON COMPREHENSIVE HEALTH SERVICES, INC.EIN 73-1177858Plan #003PY 2021

P.O. BOX 481090 - TULSA, OK 74148918-295-6107mortonhealth.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$5.9M

+21.3% from 2020

Total participants

191

+7.3% from 2020

Average account balance

$40,436

+18.8% from 2020

Annual return

14.87%

-2.59 pp from 2020

Benchmarks

See 1,682 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,682 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.66M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

119

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.

61.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$717K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$528

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 1 by compensation

Provider	Service type	Compensation
BOKF, NA7+ years Service code 21 P.O. BOX 880 · TULSA, OK 74101	Bank Trustee	$43,899

Plan features & details

Pension benefit codes2F2G2M2T3D2K

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$44K

$316 / participant

Other / not subdivided$44K100.0%

% of EOY assets

0.744%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CONKLIN-GILPIN-WERTZ PLLC
Auditor EIN: 271439588
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,436

$63,768-36.6%

$98,506-59.0%

$79,389-49.1%

Participation rate

67.6%

69.9%-2.2pp

73.3%-5.7pp

70.7%-3.1pp

Annual return

14.87%

626.18%-611.3pp

1494.92%-1480.0pp

116.89%-102.0pp

Employer contribution / active EE

$1,704

$2,558-33.4%

$2,961-42.5%

$2,428-29.8%

Participant deferral / active EE

$2,609

$3,305-21.0%

$4,277-39.0%

$4,046-35.5%

Admin fee / account holder

$301

$516-41.7%

$5,955-95.0%

$626-52.0%

Provider

Service type

Compensation

BOKF, NA7+ years

Service code 21

P.O. BOX 880 · TULSA, OK 74101

Bank Trustee

$43,899

MORTON COMPREHENSIVE HEALTH SERVICES 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORTON COMPREHENSIVE HEALTH SERVICES 403(B) 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