Plan Ledger DOL Form 5500 · updated monthly

Millinocket Regional Hospital403(b)

MILLINOCKET REGIONAL HOSPITAL PARTNERSHIP RETIREMENT PLAN · MILLINOCKET, ME · plan year 2022

Employer contribution per participant · 2022
$1,369

Millinocket Regional Hospital's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $25,967,546 across 311 participant accounts, with employer contributions averaging $1,369 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 119th-largest of 354 plans among Maine employers on file, and the 3,086th of 11,911 in health care & social assistance. In 2022, employees put in $3.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,967,546
Participants with balances311
Active participants181
Employer contributions$247,729
Employee contributions$898,719
Employer contribution per active participant$1,369
Average account balance$83,497
Benefits paid to participants$4,250,164
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$25.0M · 285 accts · $246K emplr
2022$26.0M · 311 accts · $248K emplr
Employer contributions to the Millinocket Regional Hospital plan · 2022
Employer contribution per active participant$1,369
Median for plans this size$2,266
2023$1,597 per active participant
2022$1,369 per active participant

Millinocket Regional Hospital's 2022 employer contribution ran below the $2,266 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history2
2023Not separately reported
2022Not separately reported
Similar plansHealth Care & Social Assistance · Maine
Sweetser ME$34.6M · 0.39%
New England Life Care, Inc. ME$30.1M · 0.50%
Maine Eye Center, P.A. ME$26.7M · 0.48%
Houlton Regional Hospital ME$24.6M · 0.25%
Kennebec Behavioral Health ME$22.8M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 010223482 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.