Retirement plan

NORTHLAND HEALTHCARE ALLIANCE 401(K) PLAN

Name: NORTHLAND HEALTHCARE ALLIANCE - NORTHLAND HEALTHCARE ALLIANCE 401(K) PLAN (2020) Form 5500
Creator: NORTHLAND HEALTHCARE ALLIANCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHLAND HEALTHCARE ALLIANCE 401(K) PLAN, NORTHLAND HEALTHCARE ALLIANCE

NORTHLAND HEALTHCARE ALLIANCEEIN 91-1845296Plan #001PY 2020

2223 EAST ROSSER AVENUE - BISMARCK, ND 58501701-250-0709northlandhealth.comLinkedIn11-50 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$2.9M

-14.3% from 2019

Total participants

112

-18.8% from 2019

Average account balance

$27,977

-6.1% from 2019

Annual return

10.35%

-8.30 pp from 2019

Benchmarks

See 8,769 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,769 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.65M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

117

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$603K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+24.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2799

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

0 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
UNITED PLANNERS FINANCIAL SERVICES1 year Filed as: UNITED PLANNERS FINANCIAL Service code 26 · EIN 86-0588303	Advisory (Participants)	$12,768
RETIREMENT, LLC1 year Service code 13 13838 QUAIL POINTE DR., STE. B · OKLAHOMA CITY, OK 73134	Contract Administrator	$7,463
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346	Recordkeeping	$322

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

$28K

$516 / participant

Investment mgmt$13K46.8%
Contract admin$11K39.8%
Other / not subdivided$4K13.3%

% of EOY assets

0.965%

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: BRADY, MARTZ & ASSOCIATES P.C.
Auditor EIN: 450310328
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,977

$60,128-53.5%

$90,440-69.1%

$79,852-65.0%

Participation rate

87.3%

65.0%+22.3pp

72.7%+14.6pp

69.6%+17.6pp

Annual return

10.35%

71.95%-61.6pp

1294.38%-1284.0pp

31.72%-21.4pp

Employer contribution / active EE

$1,781

$2,068-13.9%

$3,263-45.4%

$2,471-27.9%

Participant deferral / active EE

$3,035

$2,939+3.3%

$3,964-23.4%

$3,740-18.8%

Admin fee / account holder

$270

$3,977-93.2%

$5,615-95.2%

$5,306-94.9%

Provider

Service type

Compensation

UNITED PLANNERS FINANCIAL SERVICES1 year

Filed as: UNITED PLANNERS FINANCIAL

Service code 26 · EIN 86-0588303

Advisory (Participants)

$12,768

RETIREMENT, LLC1 year

Service code 13

13838 QUAIL POINTE DR., STE. B · OKLAHOMA CITY, OK 73134

Contract Administrator

$7,463

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK LIFE INSURANCE CO.

Service code 15 · EIN 01-0233346

Recordkeeping

$322

NORTHLAND HEALTHCARE ALLIANCE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHLAND HEALTHCARE ALLIANCE 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