Retirement plan

SOUTHERN TIER HEALTH CARE SYSTEM, INC. TAX SHELTERED ANNUITY PROGRAM

Name: SOUTHERN TIER HEALTH CARE SYSTEM, INC. - SOUTHERN TIER HEALTH CARE SYSTEM, INC. TAX SHELTERED ANNUITY PROGRAM (2017) Form 5500
Creator: SOUTHERN TIER HEALTH CARE SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN TIER HEALTH CARE SYSTEM, INC. TAX SHELTERED ANNUITY PROGRAM, SOUTHERN TIER HEALTH CARE SYSTEM, INC.

SOUTHERN TIER HEALTH CARE SYSTEM, INC.EIN 16-1469489Plan #002PY 2017

150 NORTH UNION STREET - OLEAN, NY 147602500716-372-0614sthcs.orgLinkedIn1-10 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+27.4% from 2016

Total participants

0.0% from 2016

Average account balance

$41,783

+27.4% from 2016

Annual return

22.43%

+17.17 pp from 2016

Benchmarks

See 32,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort32,058 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.60M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

355.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$77K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+19.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1198

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 codes2F2G2L2M2T

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.

Opportunity flags

1 tripped

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

$17K

$2165 / participant

Other / not subdivided$17K100.0%

% of EOY assets

1.337%

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

$41,783

$99,011-57.8%

$86,582-51.7%

$147,586-71.7%

Participation rate

75.0%

76.3%-1.3pp

73.5%+1.5pp

82.8%-7.8pp

Annual return

22.43%

1312.75%-1290.3pp

965.08%-942.7pp

578.59%-556.2pp

Employer contribution / active EE

$5,313

$3,132+69.6%

$2,839+87.1%

$4,876+9.0%

Participant deferral / active EE

$3,194

$3,972-19.6%

$3,609-11.5%

$5,439-41.3%

Admin fee / account holder

$559

$5,709-90.2%

$4,904-88.6%

$10,886-94.9%

SOUTHERN TIER HEALTH CARE SYSTEM, INC. TAX SHELTERED ANNUITY PROGRAM

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN TIER HEALTH CARE SYSTEM, INC. TAX SHELTERED ANNUITY PROGRAM

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