Retirement plan

403(B) THRIFT PLAN OF MOUNTAINLANDS COMMUNITY HEALTH CENTER

Name: MOUNTAINLANDS COMMUNITY HEALTH CENTER - 403(B) THRIFT PLAN OF MOUNTAINLANDS COMMUNITY HEALTH CENTER (2019) Form 5500
Creator: MOUNTAINLANDS COMMUNITY HEALTH CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF MOUNTAINLANDS COMMUNITY HEALTH CENTER, MOUNTAINLANDS COMMUNITY HEALTH CENTER

MOUNTAINLANDS COMMUNITY HEALTH CENTEREIN 87-0515716Plan #001PY 2019

589 SOUTH STATE STREET - PROVO, UT 84606801-429-2002mountainlands.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.6M

+26.6% from 2018

Total participants

189

+5.0% from 2018

Average account balance

$53,798

+43.3% from 2018

Annual return

21.34%

+29.95 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.05M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

277

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+9.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$299

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
SOLTIS INVESTMENT ADVISORS4 years Service code 26 · EIN 87-0506413	Advisory (Participants)	$41,999
SQUIRE PATTON BOGGS (US) LLP2 years Filed as: SQUIRE & COMPANY Service code 13 · EIN 87-0343246	Contract Administrator	$9,810
ALLIANCE BENEFIT GROUP4 years Filed as: ALLIANCE BENEFIT GROUP - ROCKY MOUN Service code 10 · EIN 87-0364490	Accounting	$9,750

Plan features & details

Pension benefit codes2L2K2F2G

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$62K

$419 / participant

Investment mgmt$42K68.2%
Contract admin$10K15.9%
Other / not subdivided$10K15.8%

% of EOY assets

0.720%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SQUIRE & COMPANY
Auditor EIN: 870343246
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,798

$52,961+1.6%

$172,752-68.9%

$65,185-17.5%

Participation rate

79.6%

66.2%+13.4pp

82.6%-3.1pp

70.2%+9.4pp

Annual return

21.34%

30.12%-8.8pp

802.97%-781.6pp

29.38%-8.0pp

Employer contribution / active EE

$3,760

$2,190+71.7%

$5,144-26.9%

$2,177+72.7%

Participant deferral / active EE

$2,080

$2,471-15.8%

$5,198-60.0%

$3,514-40.8%

Admin fee / account holder

$387

$472-18.0%

$13,955-97.2%

$847-54.3%

Provider

Service type

Compensation

SOLTIS INVESTMENT ADVISORS4 years

Service code 26 · EIN 87-0506413

Advisory (Participants)

$41,999

SQUIRE PATTON BOGGS (US) LLP2 years

Filed as: SQUIRE & COMPANY

Service code 13 · EIN 87-0343246

Contract Administrator

$9,810

ALLIANCE BENEFIT GROUP4 years

Filed as: ALLIANCE BENEFIT GROUP - ROCKY MOUN

Service code 10 · EIN 87-0364490

Accounting

$9,750

403(B) THRIFT PLAN OF MOUNTAINLANDS COMMUNITY HEALTH CENTER

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF MOUNTAINLANDS COMMUNITY HEALTH CENTER

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