Retirement plan

SKY LAKES MEDICAL CENTER 401(K)

Name: SKY LAKES MEDICAL CENTER, INC. - SKY LAKES MEDICAL CENTER 401(K) (2023) Form 5500
Creator: SKY LAKES MEDICAL CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SKY LAKES MEDICAL CENTER 401(K), SKY LAKES MEDICAL CENTER, INC.

SKY LAKES MEDICAL CENTER, INC.EIN 93-0508781Plan #003PY 2023

2865 DAGGETT AVENUE - KLAMATH FALLS, OR 97601541-882-6311skylakes.orgLinkedIn501-1000 employeeshospital & health care

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed March 7, 2025 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

2865 Daggett Avenue

Klamath Falls, OR 97601

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Plans declared (1)

Sky Lakes Medical Center 457(f) Deferred Compensation Plan6 emp

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Total assets (EOY)

$138.4M

+25.8% from 2022

Total participants

2,321

+6.9% from 2022

Average account balance

$60,920

+18.4% from 2022

Annual return

20.07%

+37.80 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$164.71M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

2,125

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$42,320
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$28,335

Plan features & details

Pension benefit codes2J2F2G3D2R2T

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$71K

$43 / participant

Recordkeeping$28K39.7%
Investment mgmt$42K59.9%
Contract admin$3000.4%

% of EOY assets

0.051%

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: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,920

$50,150+21.5%

$149,723-59.3%

$80,169-24.0%

Participation rate

97.0%

64.3%+32.7pp

78.8%+18.2pp

72.9%+24.1pp

Annual return

20.07%

29.80%-9.7pp

134.50%-114.4pp

40.39%-20.3pp

Employer contribution / active EE

$3,763

$1,868+101.4%

$4,821-21.9%

$2,978+26.3%

Participant deferral / active EE

$5,584

$3,195+74.8%

$5,682-1.7%

$5,016+11.3%

Admin fee / account holder

$31

$153-79.6%

$13,215-99.8%

$145-78.5%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.4 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$42,320

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$28,335

SKY LAKES MEDICAL CENTER 401(K)

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SKY LAKES MEDICAL CENTER 401(K)

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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