Retirement plan

IDAHO FALLS COMMUNITY HOSPITAL 401(K) PLAN

Name: IDAHO FALLS COMMUNITY HOSPITAL - IDAHO FALLS COMMUNITY HOSPITAL 401(K) PLAN (2023) Form 5500
Creator: IDAHO FALLS COMMUNITY HOSPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IDAHO FALLS COMMUNITY HOSPITAL 401(K) PLAN, IDAHO FALLS COMMUNITY HOSPITAL

IDAHO FALLS COMMUNITY HOSPITALEIN 82-2576167Plan #001PY 2023

2327 CORONADO ST. - IDAHO FALLS, ID 83404208-258-1621idahofallscommunityhospital.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$6.2M

+38.6% from 2022

Total participants

552

+15.2% from 2022

Average account balance

$19,498

+26.5% from 2022

Annual return

20.92%

+28.19 pp from 2022

Benchmarks

See 4,041 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,041 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.23M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

351

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.

50.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.78M

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

+19.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$260

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
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$40,883
EDWARD JONES2 years Service code 27 · EIN 43-0345811 12555 MANCHESTER ROAD · ST LOUIS, MO 63131	Advisory (Plan)	$12,662
PINNACLE PENSION SERVICES3 years Service code 13 · EIN 82-0433443 3101 W MAIN ST, STE 100 · BOISE, ID 83702	Contract Administrator	$11,315

Plan features & details

Pension benefit codes2E2F2J2K2T3D3H

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).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$71K

$152 / participant

Recordkeeping$41K57.8%
Investment mgmt$13K18.1%
Contract admin$17K24.2%

% of EOY assets

1.134%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,498

$47,135-58.6%

$149,717-87.0%

$74,440-73.8%

Participation rate

50.1%

63.4%-13.3pp

78.8%-28.7pp

70.7%-20.6pp

Annual return

20.92%

22.75%-1.8pp

134.41%-113.5pp

34.37%-13.4pp

Employer contribution / active EE

$1,094

$1,906-42.6%

$4,820-77.3%

$2,638-58.5%

Participant deferral / active EE

$2,194

$2,728-19.6%

$5,682-61.4%

$4,529-51.6%

Admin fee / account holder

$221

$343-35.5%

$13,213-98.3%

$348-36.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$40,883

EDWARD JONES2 years

Service code 27 · EIN 43-0345811

12555 MANCHESTER ROAD · ST LOUIS, MO 63131

Advisory (Plan)

$12,662

PINNACLE PENSION SERVICES3 years

Service code 13 · EIN 82-0433443

3101 W MAIN ST, STE 100 · BOISE, ID 83702

Contract Administrator

$11,315

IDAHO FALLS COMMUNITY HOSPITAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IDAHO FALLS COMMUNITY HOSPITAL 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