Retirement plan

HEALTHCARE SOUTH RETIREMENT PLAN

Name: HEALTHCARE SOUTH P.C. - HEALTHCARE SOUTH RETIREMENT PLAN (2017) Form 5500
Creator: HEALTHCARE SOUTH P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEALTHCARE SOUTH RETIREMENT PLAN, HEALTHCARE SOUTH P.C.

HEALTHCARE SOUTH P.C.EIN 04-3283986Plan #001PY 2017

97 LIBBEY PARKWAY, SUITE 204 - WEYMOUTH, MA 02189781-803-2786LinkedIn51-200 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$43.8M

+15.5% from 2016

Total participants

269

+8.5% from 2016

Average account balance

$172,514

+11.0% from 2016

Annual return

15.99%

+7.52 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$73.87M

Not enough data

1 years with asset history on file

Average account balance

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

$227K

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.

325

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.

89.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+11.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$707

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 4 by compensation

Provider	Service type	Compensation
NEW ENGLAND PENSION CONSULTANTS3+ years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L Service code 13 · EIN 05-0515232	Contract Administrator	$98,725
SERGIO DECURTIS3+ years Service code 28 · EIN 05-0515232	Investment Management	$55,749
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE Service code 19 · EIN 84-0519832	Securities Custodian	$42,884
BLUM SHAPIRO3+ years Filed as: BLUM, SHAPIRO & COMPANY, PC Service code 10 · EIN 06-1009205	Accounting	$9,500

Plan features & details

Pension benefit codes2G2J2K2F3D2E2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

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

$211K

$1510 / participant

Investment mgmt$56K26.4%
Contract admin$22K10.4%
Other / not subdivided$134K63.2%

% of EOY assets

0.483%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BLUM, SHAPIRO & COMPANY, P.C.
Auditor EIN: 061009205
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$172,514

$55,453+211.1%

$170,442+1.2%

$62,292+176.9%

Participation rate

89.3%

66.4%+22.9pp

83.6%+5.7pp

69.5%+19.8pp

Annual return

15.99%

21.38%-5.4pp

205.93%-189.9pp

28.90%-12.9pp

Employer contribution / active EE

$9,414

$2,164+335.1%

$5,433+73.3%

$2,042+361.0%

Participant deferral / active EE

$7,420

$2,303+222.2%

$4,939+50.2%

$3,169+134.1%

Admin fee / account holder

$832

$455+82.9%

$13,880-94.0%

$479+73.7%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS3+ years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L

Service code 13 · EIN 05-0515232

Contract Administrator

$98,725

SERGIO DECURTIS3+ years

Service code 28 · EIN 05-0515232

Investment Management

$55,749

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE

Service code 19 · EIN 84-0519832

Securities Custodian

$42,884

BLUM SHAPIRO3+ years

Filed as: BLUM, SHAPIRO & COMPANY, PC

Service code 10 · EIN 06-1009205

Accounting

$9,500

HEALTHCARE SOUTH RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEALTHCARE SOUTH RETIREMENT 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