Retirement plan

EASTERN MONTANA COMMUNITY MENTAL HEALTH CENTER 403(B) RETIREMENT PLAN

Name: EASTERN MONTANA COMMUNITY MENTAL HEALTH CENTER - EASTERN MONTANA COMMUNITY MENTAL HEALTH CENTER 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: EASTERN MONTANA COMMUNITY MENTAL HEALTH CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTERN MONTANA COMMUNITY MENTAL HEALTH CENTER 403(B) RETIREMENT PLAN, EASTERN MONTANA COMMUNITY MENTAL HEALTH CENTER

EASTERN MONTANA COMMUNITY MENTAL HEALTH CENTEREIN 81-0300902Plan #003PY 2023

P.O. BOX 1530 - MILES CITY, MT 59301406-234-0234emcmhc.comLinkedIn51-200 employeesmental health care

Other plans on this EIN

1 filing

#002Retirement-$916K assets

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+56.6% from 2022

Total participants

140

+13.8% from 2022

Average account balance

$16,376

+37.6% from 2022

Annual return

52.65%

+68.79 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.86M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

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.

76.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$347K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4760

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

0 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
BRAVERA WEALTH1 year Service code 15 · EIN 45-0436653 401 N. 4TH STREET · BISMARCK, ND 58501	Recordkeeping	$8,342
SECURITIES AMERICA INC1 year Filed as: SECURITIES AMERICA ADVISORS, INC. Service code 28 C/O JIM CUSIMANO · MILES CITY, MT 59301	Investment Management	$3,706

Plan features & details

Pension benefit codes2E2F2G2K2M2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$12K

$100 / participant

Investment mgmt$8K69.2%
Other / not subdivided$4K30.8%

% of EOY assets

1.115%

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: BRADY, MARTZ & ASSOCIATES, P.C.
Auditor EIN: 450310328
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,376

$61,391-73.3%

$149,723-89.1%

$71,529-77.1%

Participation rate

38.8%

62.5%-23.7pp

78.8%-39.9pp

67.9%-29.1pp

Annual return

52.65%

35.88%+16.8pp

134.50%-81.8pp

28.97%+23.7pp

Employer contribution / active EE

$564

$2,384-76.3%

$4,821-88.3%

$2,590-78.2%

Participant deferral / active EE

$1,143

$2,921-60.8%

$5,682-79.9%

$4,291-73.4%

Admin fee / account holder

$183

$1,264-85.6%

$13,215-98.6%

$1,588-88.5%

Provider

Service type

Compensation

BRAVERA WEALTH1 year

Service code 15 · EIN 45-0436653

401 N. 4TH STREET · BISMARCK, ND 58501

Recordkeeping

$8,342

SECURITIES AMERICA INC1 year

Filed as: SECURITIES AMERICA ADVISORS, INC.

Service code 28

C/O JIM CUSIMANO · MILES CITY, MT 59301

Investment Management

$3,706

EASTERN MONTANA COMMUNITY MENTAL HEALTH CENTER 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTERN MONTANA COMMUNITY MENTAL HEALTH CENTER 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