Retirement plan

HOSPICE OF THE GOOD SHEPHERD, INC. 403(B) PLAN

Name: HOSPICE OF THE GOOD SHEPHERD, INC. - HOSPICE OF THE GOOD SHEPHERD, INC. 403(B) PLAN (2022) Form 5500
Creator: HOSPICE OF THE GOOD SHEPHERD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOSPICE OF THE GOOD SHEPHERD, INC. 403(B) PLAN, HOSPICE OF THE GOOD SHEPHERD, INC.

HOSPICE OF THE GOOD SHEPHERD, INC.EIN 04-2655734Plan #001PY 2022

160 WELLS AVENUE - NEWTON, MA 02459617-969-6130LinkedIn1-10 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.1M

-2.5% from 2021

Total participants

225

+9.2% from 2021

Average account balance

$34,879

-11.9% from 2021

Annual return

-17.26%

-32.01 pp from 2021

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.94M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

217

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.

71.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$328

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 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION6 years Service code 13 · EIN 35-1140070	Contract Administrator	$39,955
GLOBAL RETIREMENT PARTNERS LLC2 years Filed as: GLOBAL RETIREMENT PARTNERS Service code 16 · EIN 47-1411118 8500 GREENWAY BLVD STE 201 · MIDDLETON, WA 535624713	Consulting	$15,406

Plan features & details

Pension benefit codes2F2G2L2M2T3D

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.
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.
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

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

$55K

$293 / participant

Investment mgmt$15K27.8%
Contract admin$40K72.2%

% of EOY assets

0.907%

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: AAFCPAS, INC.
Auditor EIN: 042571780
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,879

$65,083-46.4%

$143,788-75.7%

$66,930-47.9%

Participation rate

73.5%

65.2%+8.3pp

80.3%-6.8pp

69.8%+3.7pp

Annual return

-17.26%

-11.13%-6.1pp

-0.03%-17.2pp

1.57%-18.8pp

Employer contribution / active EE

$1,875

$2,361-20.6%

$4,952-62.1%

$2,545-26.3%

Participant deferral / active EE

$4,238

$2,920+45.1%

$5,638-24.8%

$4,2380%

Admin fee / account holder

$316

$502-37.0%

$14,675-97.8%

$593-46.7%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION6 years

Service code 13 · EIN 35-1140070

Contract Administrator

$39,955

GLOBAL RETIREMENT PARTNERS LLC2 years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 16 · EIN 47-1411118

8500 GREENWAY BLVD STE 201 · MIDDLETON, WA 535624713

Consulting

$15,406

HOSPICE OF THE GOOD SHEPHERD, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOSPICE OF THE GOOD SHEPHERD, INC. 403(B) 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