Retirement plan

COMMUNITY HEALTH CENTER OF FRANKLIN COUNTY, INC. 403(B) PLAN

Name: COMMUNITY HEALTH CENTER OF FRANKLIN COUNTY, INCORPORATED - COMMUNITY HEALTH CENTER OF FRANKLIN COUNTY, INC. 403(B) PLAN (2023) Form 5500
Creator: COMMUNITY HEALTH CENTER OF FRANKLIN COUNTY, INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY HEALTH CENTER OF FRANKLIN COUNTY, INC. 403(B) PLAN, COMMUNITY HEALTH CENTER OF FRANKLIN COUNTY, INCORPORATED

COMMUNITY HEALTH CENTER OF FRANKLIN COUNTY, INCORPORATEDEIN 04-3312968Plan #001PY 2023

102 MAIN STREET - GREENFIELD, MA 013013224413-325-8500chcfc.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.1M

+14.5% from 2022

Total participants

155

+5.4% from 2022

Average account balance

$34,063

+1.9% from 2022

Annual return

19.41%

+35.21 pp from 2022

Benchmarks

See 1,918 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,918 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.24M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

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.

71.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$437K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7754

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$501K

$3827 / participant

Other / not subdivided$501K100.0%

% of EOY assets

16.174%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,063

$58,292-41.6%

$86,640-60.7%

$71,511-52.4%

Participation rate

51.1%

65.0%-13.9pp

71.7%-20.6pp

67.9%-16.8pp

Annual return

19.41%

21.63%-2.2pp

592.52%-573.1pp

28.86%-9.4pp

Employer contribution / active EE

$501

$2,574-80.5%

$3,024-83.4%

$2,589-80.7%

Participant deferral / active EE

$2,364

$3,438-31.2%

$4,438-46.7%

$4,291-44.9%

Admin fee / account holder

$5,509

$1,057+421.0%

$5,616-1.9%

$1,588+246.8%

COMMUNITY HEALTH CENTER OF FRANKLIN COUNTY, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY HEALTH CENTER OF FRANKLIN COUNTY, 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