Retirement plan

MAD RIVER COMMUNITY HOSPITAL 401(K) PLAN

Name: MAD RIVER COMMUNITY HOSPITAL - MAD RIVER COMMUNITY HOSPITAL 401(K) PLAN (2024) Form 5500
Creator: MAD RIVER COMMUNITY HOSPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAD RIVER COMMUNITY HOSPITAL 401(K) PLAN, MAD RIVER COMMUNITY HOSPITAL

MAD RIVER COMMUNITY HOSPITALEIN 94-1698406Plan #001PY 2024

P.O. BOX 1115 - ARCATA, CA 95518707-825-4936madriverhospital.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$14.1M

+0.9% from 2023

Total participants

463

+3.8% from 2023

Average account balance

$67,360

+12.5% from 2023

Annual return

13.14%

-1.88 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.15M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

210

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.

35.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$861K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$259

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 3 by compensation

Provider	Service type	Compensation
KINGSVIEW ASSET MANAGEMENT, LLC3 years Filed as: KINGSVIEW WEALTH MANAGEMENT LLC Service code 27 509 SE 7TH STREET 2ND FLOOR · GRANTS PASS, OR 97526	Advisory (Plan)	$47,984
JORDAN & ASSOCIATES RETIREMENT SERV2 years Service code 13 100 STONY POINT ROAD, SUITE 216 · SANTA ROSA, CA 954014133	Contract Administrator	$8,175
AMERICAN FUNDS3 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$7,002

Plan features & details

Pension benefit codes2E2G2J2K2F3D

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$54K

$138 / participant

Investment mgmt$54K98.4%
Contract admin$8521.6%

% of EOY assets

0.385%

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: FARBER HASS HURLEY LLP
Auditor EIN: 204207759
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,360

$50,902+32.3%

$155,534-56.7%

$77,736-13.3%

Participation rate

35.6%

63.1%-27.5pp

78.2%-42.6pp

70.6%-35.0pp

Annual return

13.14%

34.85%-21.7pp

64.92%-51.8pp

31.26%-18.1pp

Employer contribution / active EE

$1,991-100.0%

$4,675-100.0%

$2,728-100.0%

Participant deferral / active EE

$2,192

$2,824-22.4%

$5,630-61.1%

$4,651-52.9%

Admin fee / account holder

$259

$437-40.7%

$15,900-98.4%

$433-40.2%

Provider

Service type

Compensation

KINGSVIEW ASSET MANAGEMENT, LLC3 years

Filed as: KINGSVIEW WEALTH MANAGEMENT LLC

Service code 27

509 SE 7TH STREET 2ND FLOOR · GRANTS PASS, OR 97526

Advisory (Plan)

$47,984

JORDAN & ASSOCIATES RETIREMENT SERV2 years

Service code 13

100 STONY POINT ROAD, SUITE 216 · SANTA ROSA, CA 954014133

Contract Administrator

$8,175

AMERICAN FUNDS3 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$7,002

MAD RIVER COMMUNITY HOSPITAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAD RIVER COMMUNITY HOSPITAL 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