Retirement plan

SOUTH LYON MEDICAL CENTER TAX DEFERRED ANNUITY PLAN

Name: SOUTH LYON MEDICAL CENTER, INC. - SOUTH LYON MEDICAL CENTER TAX DEFERRED ANNUITY PLAN (2020) 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 2020

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4M

-6.8% from 2019

Total participants

215

+0.5% from 2019

Average account balance

$22,850

-2.6% from 2019

Annual return

11.45%

-8.09 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Top 2 by compensation

Provider	Service type	Compensation
CPI QUALIFIED PLAN CONSULTANTS, INC3 years Service code 15 · EIN 48-1205033	Recordkeeping	$18,362
PALISADE INVESTMENTS LLC2 years Filed as: PALISADE INVESTMENTS, LLC Service code 27 471 KENT WAY · ZEPHYR COVE, NV 89448	Advisory (Plan)	$14,029

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

$32K

$183 / participant

Investment mgmt$14K43.3%
Contract admin$18K56.7%

% of EOY assets

0.801%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,850

$58,888-61.2%

$178,498-87.2%

$73,493-68.9%

Participation rate

78.5%

66.2%+12.3pp

81.9%-3.4pp

70.7%+7.8pp

Annual return

11.45%

24.86%-13.4pp

151.09%-139.6pp

28.51%-17.1pp

Employer contribution / active EE

$788

$2,236-64.8%

$5,011-84.3%

$2,270-65.3%

Participant deferral / active EE

$1,683

$2,568-34.5%

$5,202-67.7%

$3,740-55.0%

Admin fee / account holder

$183

$400-54.3%

$13,985-98.7%

$513-64.3%

Provider

Service type

Compensation

CPI QUALIFIED PLAN CONSULTANTS, INC3 years

Service code 15 · EIN 48-1205033

Recordkeeping

$18,362

PALISADE INVESTMENTS LLC2 years

Filed as: PALISADE INVESTMENTS, LLC

Service code 27

471 KENT WAY · ZEPHYR COVE, NV 89448

Advisory (Plan)

$14,029

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