Retirement plan

CAROLTON HOSPITAL EMPLOYEE PROFIT SHARING PLAN

Name: CAROLTON CHRONIC & CONVALESCENT HOSPITAL, INC. - CAROLTON HOSPITAL EMPLOYEE PROFIT SHARING PLAN (2015) Form 5500
Creator: CAROLTON CHRONIC & CONVALESCENT HOSPITAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLTON HOSPITAL EMPLOYEE PROFIT SHARING PLAN, CAROLTON CHRONIC & CONVALESCENT HOSPITAL, INC.

CAROLTON CHRONIC & CONVALESCENT HOSPITAL, INC.EIN 06-0699795Plan #001PY 2015

400 MILL PLAIN ROAD - FAIRFIELD, CT 068245048203-255-3573thecarolton.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$7.9M

No prior year

Total participants

234

No prior year

Average account balance

$34,147

No prior year

Annual return

2.22%

No prior year

Benchmarks

See 4,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort4,452 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.99M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

140

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.

52.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$380K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16

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 3 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC1+ years Filed as: NFP INSURANCE SERVICES INC. Service code 53 · EIN 74-2470431	Insurance Commissions	$847
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$240
T R PAUL INC.1+ years Service code 13 · EIN 06-0906361	Contract Administrator	$75

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: O'CONNER DAVIES LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,147

$46,360-26.3%

$147,617-76.9%

$52,331-34.7%

Participation rate

98.1%

64.9%+33.1pp

84.6%+13.5pp

68.1%+30.0pp

Annual return

2.22%

1.62%+0.6pp

61.98%-59.8pp

4.54%-2.3pp

Employer contribution / active EE

$2,193

$2,126+3.1%

$5,564-60.6%

$1,882+16.5%

Participant deferral / active EE

$2,258-100.0%

$4,895-100.0%

$3,022-100.0%

Admin fee / account holder

-$123

$766-116.0%

$11,612-101.1%

$592-120.8%

Provider

Service type

Compensation

NFP RETIREMENT INC1+ years

Filed as: NFP INSURANCE SERVICES INC.

Service code 53 · EIN 74-2470431

Insurance Commissions

$847

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$240

T R PAUL INC.1+ years

Service code 13 · EIN 06-0906361

Contract Administrator

$75

CAROLTON HOSPITAL EMPLOYEE PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROLTON HOSPITAL EMPLOYEE PROFIT SHARING 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