Mckenzie Health System 401(K) Retirement Plan — Form 5500 plan (Mckenzie Memorial Hospital)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Mckenzie Health System 401(K) Retirement Plan is a benefit plan reported by Mckenzie Memorial Hospital under EIN 38-1738615 and plan number 001. The latest loaded filing year is 2023. The filing reports 354 participants and $15,726,216 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$15.7MPlan net assets, end of year$15,726,216
Participants354Covered participants reported
Assets / participant$44.4KComputed: assets ÷ participants$44,424 (computed)
Provider compensation$80.9K3 Schedule C provider row(s)$80,928
- Plan sponsor
- Mckenzie Memorial Hospital
- EIN
- 38-1738615
- Plan number
- 001
- Plan type
- 2
- Location
- Sandusky, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 354 | H, C | 20250714121033NAL0001449072001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$15.7M total assets
Net assets$15.7MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $15,726,216
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,726,216
- Net assets (BOY)
- $12,776,014
Income & contributions
- Employer contributions
- $469,167
- Participant contributions
- $889,552
- Total contributions
- $1,470,623
- Total income / additions
- $4,147,480
Expenses & distributions
- Benefits paid
- $1,141,645
- Administrative expenses
- $55,633
- Total expenses
- $1,197,278
- Net increase / (decrease)
- $2,950,202
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
35%65%
Employer 35%Participant 65%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income28%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $55,633 | $0 | 2023 |
| Lincoln Financial Securities | BROKER/ADVISER | $0 | $15,123 | 2023 |
| Lpl Financial LLC | BROKER/ADVISER | $0 | $10,172 | 2023 |