Retirement plan

SOUTH LYON MEDICAL CENTER TAX DEFERRED ANNUITY PLAN

Name: SOUTH LYON MEDICAL CENTER, INC. - SOUTH LYON MEDICAL CENTER TAX DEFERRED ANNUITY PLAN (2024) Form 5500
Creator: SOUTH LYON MEDICAL CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH LYON MEDICAL CENTER TAX DEFERRED ANNUITY PLAN, SOUTH LYON MEDICAL CENTER, INC.

SOUTH LYON MEDICAL CENTER, INC.EIN 88-0256932Plan #001PY 2024

P.O. BOX 940 - YERINGTON, NV 894470940775-463-6405

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.1M

+14.7% from 2023

Total participants

199

-2.9% from 2023

Average account balance

$28,585

+8.9% from 2023

Annual return

11.84%

-3.08 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.09M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

178

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.

85.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$580K

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

+11.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2L2M2T3D

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$8K

$51 / participant

Recordkeeping$2K27.8%
Investment mgmt$4K49.5%
Contract admin$2K22.8%

% of EOY assets

0.149%

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

$28,585

$55,472-48.5%

$155,567-81.6%

$74,546-61.7%

Participation rate

85.8%

61.9%+23.9pp

78.2%+7.6pp

67.2%+18.6pp

Annual return

11.84%

268.72%-256.9pp

64.74%-52.9pp

1366.03%-1354.2pp

Employer contribution / active EE

$1,230

$2,269-45.8%

$4,674-73.7%

$2,624-53.1%

Participant deferral / active EE

$2,691

$2,838-5.2%

$5,628-52.2%

$4,347-38.1%

Admin fee / account holder

$43

$1,743-97.6%

$15,916-99.7%

$1,944-97.8%

SOUTH LYON MEDICAL CENTER TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH LYON MEDICAL CENTER TAX DEFERRED ANNUITY 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