Retirement plan

REDLANDS COMMUNITY HOSPITAL PLUS PROGRAM

Name: REDLANDS COMMUNITY HOSPITAL - REDLANDS COMMUNITY HOSPITAL PLUS PROGRAM (2023) Form 5500
Creator: REDLANDS COMMUNITY HOSPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REDLANDS COMMUNITY HOSPITAL PLUS PROGRAM, REDLANDS COMMUNITY HOSPITAL

REDLANDS COMMUNITY HOSPITALEIN 95-1643347Plan #003PY 2023

350 TERRACINA BOULEVARD, P.O. BOX 391 - REDLANDS, CA 923730742909-335-5678redlandshospital.orgLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed July 25, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$154.8M

+12.4% from 2022

Total participants

2,299

+7.9% from 2022

Average account balance

$93,130

+14.5% from 2022

Annual return

15.69%

+29.75 pp from 2022

Benchmarks

See 1,407 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,407 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$173.82M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

1,599

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.

62.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.78M

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

+12.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$44

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 7 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS9+ years Service code 12 · EIN 13-3689044	Shareholder servicing fees; Participa...	$81,533
LINCOLN NATIONAL CORPORATION9+ years Service code 13 · EIN 35-1140070	Contract Administrator	$2,275
FID INV INST OPS CO1 year Service code 15 · EIN 04-2647786	Recordkeeping	$1,550
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB & CO, INC. Service code 33	Securities brokerage; Securities brok...	$0
CHARLES SCHWAB & CO., INC.9+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$0
MID ATLANTIC CAPITAL CORPORATION9+ years Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES9+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2F2G2K2L2M2R2T3D

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.
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.
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.
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

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

$85K

$52 / participant

Recordkeeping$83K97.3%
Contract admin$2K2.7%

% of EOY assets

0.055%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SOREN MCADAM, LLP
Auditor EIN: 770549163
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,130

$50,127+85.8%

$149,673-37.8%

$80,160+16.2%

Participation rate

61.1%

64.3%-3.1pp

78.8%-17.6pp

72.9%-11.8pp

Annual return

15.69%

29.82%-14.1pp

134.42%-118.7pp

40.38%-24.7pp

Employer contribution / active EE

$1,744

$1,865-6.5%

$4,818-63.8%

$2,978-41.4%

Participant deferral / active EE

$5,809

$3,194+81.9%

$5,680+2.3%

$5,017+15.8%

Admin fee / account holder

$51

$153-66.4%

$13,210-99.6%

$145-64.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS9+ years

Service code 12 · EIN 13-3689044

Shareholder servicing fees; Participa...

$81,533

LINCOLN NATIONAL CORPORATION9+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$2,275

FID INV INST OPS CO1 year

Service code 15 · EIN 04-2647786

Recordkeeping

$1,550

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33

Securities brokerage; Securities brok...

CHARLES SCHWAB & CO., INC.9+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

MID ATLANTIC CAPITAL CORPORATION9+ years

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES9+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

REDLANDS COMMUNITY HOSPITAL PLUS PROGRAM

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REDLANDS COMMUNITY HOSPITAL PLUS PROGRAM

Top hat statement on fileNQDC

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