Retirement plan

CENTRAL OKLAHOMA FAMILY MEDICAL CENTER 403B PLAN

Name: CENTRAL OKLAHOMA FAMILY MEDICAL CENTER INC. - CENTRAL OKLAHOMA FAMILY MEDICAL CENTER 403B PLAN (2024) Form 5500
Creator: CENTRAL OKLAHOMA FAMILY MEDICAL CENTER INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL OKLAHOMA FAMILY MEDICAL CENTER 403B PLAN, CENTRAL OKLAHOMA FAMILY MEDICAL CENTER INC.

CENTRAL OKLAHOMA FAMILY MEDICAL CENTER INC.EIN 73-1223304Plan #002PY 2024

527 W 3RD ST - KONAWA, OK 74849580-925-3286cofmc.comLinkedIn1-10 employees

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$5.4M

+52.6% from 2023

Total participants

364

+17.4% from 2023

Average account balance

$19,643

+12.5% from 2023

Annual return

15.64%

+2.11 pp from 2023

Benchmarks

See 4,124 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,124 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.90M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

290

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.

76.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.74M

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

+18.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13

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
AMERICAN UNITED LIFE INSURANCE CO3 years Service code 15 · EIN 35-0145825	Recordkeeping	$41,507
LPL FINANCIAL3 years Filed as: LPL FINANCIAL LLC Service code 16 · EIN 04-3046611	Consulting	$23,358

Plan features & details

Pension benefit codes2F2G2L2S2T3B3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$5K

$13 / participant

Contract admin$5K100.0%

% of EOY assets

0.084%

all-in expense ratio

Categories reported

1 / 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: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,643

$50,860-61.4%

$155,574-87.4%

$77,714-74.7%

Participation rate

73.5%

63.1%+10.3pp

78.2%-4.8pp

70.6%+2.9pp

Annual return

15.64%

34.86%-19.2pp

64.87%-49.2pp

31.26%-15.6pp

Employer contribution / active EE

$1,132

$1,991-43.1%

$4,676-75.8%

$2,727-58.5%

Participant deferral / active EE

$3,093

$2,825+9.5%

$5,629-45.1%

$4,649-33.5%

Admin fee / account holder

$16

$436-96.2%

$15,914-99.9%

$433-96.2%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO3 years

Service code 15 · EIN 35-0145825

Recordkeeping

$41,507

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL LLC

Service code 16 · EIN 04-3046611

Consulting

$23,358

CENTRAL OKLAHOMA FAMILY MEDICAL CENTER 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL OKLAHOMA FAMILY MEDICAL CENTER 403B 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