Retirement plan

GRITMAN MEDICAL CENTER EMPLOYEE RETIREMENT PLAN

Name: GRITMAN MEDICAL CENTER - GRITMAN MEDICAL CENTER EMPLOYEE RETIREMENT PLAN (2023) Form 5500
Creator: GRITMAN MEDICAL CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRITMAN MEDICAL CENTER EMPLOYEE RETIREMENT PLAN, GRITMAN MEDICAL CENTER

GRITMAN MEDICAL CENTEREIN 82-0146328Plan #001PY 2023

700 S. MAIN STREET - MOSCOW, ID 83843208-883-6416gritman.orgLinkedIn501-1000 employeeshospital & health care

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$42M

+10.0% from 2022

Total participants

979

+11.6% from 2022

Average account balance

$42,884

-1.4% from 2022

Annual return

17.47%

+32.72 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.53M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

1,058

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$138

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
RBC WEALTH MANAGEMENT7 years Service code 26 · EIN 41-1416330	Advisory (Participants)	$77,498
TRAUTMANN MAHER & ASSOCIATES9+ years Filed as: TRAUTMANN, MAHER & ASSOCIATES Service code 15 · EIN 91-1526584	Recordkeeping	$66,865

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$144K

$192 / participant

Recordkeeping$67K46.3%
Investment mgmt$77K53.7%

% of EOY assets

0.344%

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: HAYDEN & ROSS
Auditor EIN: 820499605
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,884

$47,163-9.1%

$149,696-71.4%

$74,460-42.4%

Participation rate

100.0%

63.4%+36.6pp

78.8%+21.2pp

70.7%+29.3pp

Annual return

17.47%

22.75%-5.3pp

134.46%-117.0pp

34.38%-16.9pp

Employer contribution / active EE

$3,504

$1,907+83.7%

$4,821-27.3%

$2,638+32.8%

Participant deferral / active EE

$2,730-100.0%

$5,682-100.0%

$4,530-100.0%

Admin fee / account holder

$147

$343-57.0%

$13,212-98.9%

$348-57.6%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT7 years

Service code 26 · EIN 41-1416330

Advisory (Participants)

$77,498

TRAUTMANN MAHER & ASSOCIATES9+ years

Filed as: TRAUTMANN, MAHER & ASSOCIATES

Service code 15 · EIN 91-1526584

Recordkeeping

$66,865

GRITMAN MEDICAL CENTER EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRITMAN MEDICAL CENTER EMPLOYEE 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