Retirement plan

CAROLTON HOSPITAL EMPLOYEE PROFIT SHARING PLAN

Name: CAROLTON CHRONIC & CONVALESCENT HOSPITAL, INC. - CAROLTON HOSPITAL EMPLOYEE PROFIT SHARING PLAN (2017) 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 2017

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

Prospect flagsLow returnsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$9.4M

+11.9% from 2016

Total participants

275

+9.1% from 2016

Average account balance

$46,217

+22.3% from 2016

Annual return

11.41%

+4.96 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

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA INVESTMENT SERVICES Service code 53	Insurance Commissions	$16,550
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$15,843
T R PAUL INC.3+ years Service code 13 · EIN 06-0906361	Contract Administrator	$7,910
AMERICAN CENTURY1 year Service code 52 · EIN 94-3226139	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-6006886	Indirect Investment Fees	$0
IVY FUNDS1 year Service code 52 · EIN 48-1112076	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
KESTRA INVESTMENT SERVICES LLC2 years Service code 53 · EIN 74-2794194	Insurance Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUETTS MUTUAL LIFE INSURANCE Service code 60	Sub-TA Fees	$0

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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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

$17K

$73 / participant

Contract admin$12K68.9%
Other / not subdivided$5K31.1%

% of EOY assets

0.185%

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

$46,217

$55,453-16.7%

$170,435-72.9%

$62,293-25.8%

Participation rate

69.7%

66.4%+3.4pp

83.6%-13.9pp

69.5%+0.2pp

Annual return

11.41%

21.38%-10.0pp

205.94%-194.5pp

28.90%-17.5pp

Employer contribution / active EE

$2,164-100.0%

$5,432-100.0%

$2,042-100.0%

Participant deferral / active EE

$2,270

$2,303-1.4%

$4,939-54.0%

$3,169-28.4%

Admin fee / account holder

$85

$455-81.2%

$13,881-99.4%

$479-82.2%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA INVESTMENT SERVICES

Service code 53

Insurance Commissions

$16,550

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$15,843

T R PAUL INC.3+ years

Service code 13 · EIN 06-0906361

Contract Administrator

$7,910

AMERICAN CENTURY1 year

Service code 52 · EIN 94-3226139

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-6006886

Indirect Investment Fees

IVY FUNDS1 year

Service code 52 · EIN 48-1112076

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

KESTRA INVESTMENT SERVICES LLC2 years

Service code 53 · EIN 74-2794194

Insurance Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUETTS MUTUAL LIFE INSURANCE

Service code 60

Sub-TA Fees

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