Retirement plan

ST. THOMAS COMMUNITY HEALTH CENTER RETIREMENT PLAN

Name: ST. THOMAS COMMUNITY HEALTH CENTER, INC. - ST. THOMAS COMMUNITY HEALTH CENTER RETIREMENT PLAN (2024) Form 5500
Creator: ST. THOMAS COMMUNITY HEALTH CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ST. THOMAS COMMUNITY HEALTH CENTER RETIREMENT PLAN, ST. THOMAS COMMUNITY HEALTH CENTER, INC.

ST. THOMAS COMMUNITY HEALTH CENTER, INC.EIN 14-1958494Plan #001PY 2024

1020 ST. ANDREW ST. - NEW ORLEANS, LA 70130504-529-5558stthomaschc.orgLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$10.1M

+25.0% from 2023

Total participants

212

+6.5% from 2023

Average account balance

$67,292

+16.6% from 2023

Annual return

13.70%

-3.67 pp from 2023

Benchmarks

See 6,026 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,026 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$10.09M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

150

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.

64.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$369

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
PRINCIPAL LIFE INSURANCE COMPANY5 years Service code 13 · EIN 42-0127290	Contract Administrator	$53,057
EDWARD JONES4 years Service code 27 · EIN 43-0345811	Advisory (Plan)	$29,661
ASCENSUS LLC7 years Filed as: RETIREMENT STRATEGIES GROUP, LLC Service code 13 · EIN 72-1450587	Contract Administrator	$6,739
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes3D2E2F2G2J2K2T2A

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.
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

$55K

$318 / participant

Contract admin$55K100.0%

% of EOY assets

0.549%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DUPLANTIER, HRAPMANN, HOGAN & MAHER
Auditor EIN: 720567396
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,292

$55,415+21.4%

$155,509-56.7%

$74,495-9.7%

Participation rate

64.4%

61.9%+2.5pp

78.2%-13.8pp

67.2%-2.8pp

Annual return

13.70%

268.50%-254.8pp

64.67%-51.0pp

1364.94%-1351.2pp

Employer contribution / active EE

$2,950

$2,267+30.1%

$4,672-36.9%

$2,623+12.5%

Participant deferral / active EE

$4,409

$2,836+55.5%

$5,626-21.6%

$4,346+1.4%

Admin fee / account holder

$369

$1,738-78.8%

$15,912-97.7%

$1,942-81.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 42-0127290

Contract Administrator

$53,057

EDWARD JONES4 years

Service code 27 · EIN 43-0345811

Advisory (Plan)

$29,661

ASCENSUS LLC7 years

Filed as: RETIREMENT STRATEGIES GROUP, LLC

Service code 13 · EIN 72-1450587

Contract Administrator

$6,739

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

ST. THOMAS COMMUNITY HEALTH CENTER RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ST. THOMAS COMMUNITY HEALTH CENTER 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