Retirement plan

CAROLTON HOSPITAL EMPLOYEE PROFIT SHARING PLAN

Name: CAROLTON CHRONIC & CONVALESCENT HOSPITAL, INC. - CAROLTON HOSPITAL EMPLOYEE PROFIT SHARING PLAN (2016) 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 2016

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

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$8.4M

+6.8% from 2015

Total participants

252

+7.7% from 2015

Average account balance

$37,777

+10.6% from 2015

Annual return

6.45%

+4.23 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$18,131
T R PAUL INC.2+ years Service code 13 · EIN 06-0906361	Contract Administrator	$16,310
NFP RETIREMENT INC2+ years Filed as: NFP INSURANCE SERVICES INC. Service code 53 · EIN 74-2470431	Insurance Commissions	$11,221
KESTRA INVESTMENT SERVICES LLC1 year Service code 53 · EIN 74-2794194	Insurance Commissions	$3,848

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 employer contribution
Employer 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

Admin total

$18K

$76 / participant

Contract admin$7K39.7%
Other / not subdivided$11K60.3%

% of EOY assets

0.216%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,777

$46,732-19.2%

$156,551-75.9%

$55,167-31.5%

Participation rate

87.4%

65.8%+21.7pp

84.0%+3.4pp

69.0%+18.5pp

Annual return

6.45%

17.72%-11.3pp

32.23%-25.8pp

169.23%-162.8pp

Employer contribution / active EE

$2,105-100.0%

$5,501-100.0%

$1,963-100.0%

Participant deferral / active EE

$2,112

$2,204-4.2%

$4,871-56.6%

$3,054-30.8%

Admin fee / account holder

$82

$418-80.5%

$13,028-99.4%

$504-83.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$18,131

T R PAUL INC.2+ years

Service code 13 · EIN 06-0906361

Contract Administrator

$16,310

NFP RETIREMENT INC2+ years

Filed as: NFP INSURANCE SERVICES INC.

Service code 53 · EIN 74-2470431

Insurance Commissions

$11,221

KESTRA INVESTMENT SERVICES LLC1 year

Service code 53 · EIN 74-2794194

Insurance Commissions

$3,848

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