Retirement plan

BIG HORN HOSPITAL ASSOCIATION 401(K) PLAN

Name: BIG HORN HOSPITAL ASSOCIATION - BIG HORN HOSPITAL ASSOCIATION 401(K) PLAN (2022) Form 5500
Creator: BIG HORN HOSPITAL ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIG HORN HOSPITAL ASSOCIATION 401(K) PLAN, BIG HORN HOSPITAL ASSOCIATION

BIG HORN HOSPITAL ASSOCIATIONEIN 81-0384618Plan #002PY 2022

17 NORTH MILES AVENUE - HARDIN, MT 590342323406-665-2310bighornhospital.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$5.6M

-21.5% from 2021

Total participants

134

-13.5% from 2021

Average account balance

$45,515

-10.1% from 2021

Annual return

-17.62%

-32.28 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.83M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$793K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$444

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 3 by compensation

Provider	Service type	Compensation
FIRST INTERSTATE WEALTH MANAGEMENT6 years Service code 99 401 NORTH 31ST ST · BILLINGS, MT 59101	Other Fees	$31,415
RANDALL & HURLEY, INC.3 years Service code 13	Contract Administrator	$5,712
RANDALL & HURLEY, INC.3 years Filed as: RANDALL & HURLEY Service code 13 · EIN 91-1661080 828 GREAT NORTHERN BLVD · HELENA, MT 59601	Contract Administrator	$3,300

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T2S

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$39K

$337 / participant

Investment mgmt$32K80.9%
Other / not subdivided$7K19.1%

% of EOY assets

0.698%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,515

$65,125-30.1%

$143,797-68.3%

$66,949-32.0%

Participation rate

90.5%

65.2%+25.3pp

80.3%+10.2pp

69.8%+20.7pp

Annual return

-17.62%

-11.13%-6.5pp

-0.04%-17.6pp

1.57%-19.2pp

Employer contribution / active EE

$2,673

$2,362+13.1%

$4,952-46.0%

$2,545+5.0%

Participant deferral / active EE

$4,093

$2,920+40.2%

$5,638-27.4%

$4,239-3.5%

Admin fee / account holder

$318

$503-36.8%

$14,679-97.8%

$594-46.4%

Provider

Service type

Compensation

FIRST INTERSTATE WEALTH MANAGEMENT6 years

Service code 99

401 NORTH 31ST ST · BILLINGS, MT 59101

Other Fees

$31,415

RANDALL & HURLEY, INC.3 years

Service code 13

Contract Administrator

$5,712

RANDALL & HURLEY, INC.3 years

Filed as: RANDALL & HURLEY

Service code 13 · EIN 91-1661080

828 GREAT NORTHERN BLVD · HELENA, MT 59601

Contract Administrator

$3,300

BIG HORN HOSPITAL ASSOCIATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIG HORN HOSPITAL ASSOCIATION 401(K) 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