Retirement plan

NORTH BEND MEDICAL CENTER 401(K) PLAN

Name: NORTH BEND MEDICAL CENTER, INC. - NORTH BEND MEDICAL CENTER 401(K) PLAN (2015) Form 5500
Creator: NORTH BEND MEDICAL CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH BEND MEDICAL CENTER 401(K) PLAN, NORTH BEND MEDICAL CENTER, INC.

NORTH BEND MEDICAL CENTER, INC.EIN 93-0635514Plan #001PY 2015

1900 WOODLAND DR - COOS BAY, OR 974202045541-267-5151nbmchealth.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$48.3M

No prior year

Total participants

363

No prior year

Average account balance

$132,973

No prior year

Annual return

0.18%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$74.42M

Not enough data

1 years with asset history on file

Average account balance

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

$150K

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.

496

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$313

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 5 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC1+ years Filed as: NFP SECURITIES, INC. Service code 26 · EIN 91-1997900	Advisory (Participants)	$64,489
NORTHWEST PLAN SERVICES, INC.1+ years Service code 15 · EIN 91-2090931	Recordkeeping	$48,229
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$23,500
JONES & ROTH, PC1+ years Service code 10 · EIN 93-0819646	Accounting	$10,246
NORTH BEND MEDICAL CENTER, INC.1+ years Service code 10 · EIN 93-0635514	Accounting	$9,990

Plan features & details

Pension benefit codes2E2F2G2J2K2R3B3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$167K

$563 / participant

Investment mgmt$69K41.4%
Contract admin$48K28.9%
Other / not subdivided$49K29.7%

% of EOY assets

0.345%

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: JONES & ROTH, P.C.
Auditor EIN: 930819646
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,973

$37,117+258.3%

$147,617-9.9%

$55,191+140.9%

Participation rate

100.0%

63.6%+36.4pp

84.6%+15.4pp

69.2%+30.8pp

Annual return

0.18%

3.44%-3.3pp

61.98%-61.8pp

10.78%-10.6pp

Employer contribution / active EE

$7,911

$1,620+388.2%

$5,564+42.2%

$1,899+316.6%

Participant deferral / active EE

$5,125

$1,985+158.1%

$4,895+4.7%

$3,046+68.2%

Admin fee / account holder

$459

$86+436.6%

$11,612-96.0%

$91+405.8%

Provider

Service type

Compensation

NFP RETIREMENT INC1+ years

Filed as: NFP SECURITIES, INC.

Service code 26 · EIN 91-1997900

Advisory (Participants)

$64,489

NORTHWEST PLAN SERVICES, INC.1+ years

Service code 15 · EIN 91-2090931

Recordkeeping

$48,229

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$23,500

JONES & ROTH, PC1+ years

Service code 10 · EIN 93-0819646

Accounting

$10,246

NORTH BEND MEDICAL CENTER, INC.1+ years

Service code 10 · EIN 93-0635514

Accounting

$9,990

NORTH BEND MEDICAL CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH BEND MEDICAL CENTER 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