Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF ST. LAWRENCE COUNTY HEALTH INITIATIVE, INC.

Name: ST. LAWRENCE COUNTY HEALTH INI - 403(B) THRIFT PLAN FOR EMPLOYEES OF ST. LAWRENCE COUNTY HEALTH INITIATIVE, INC. (2023) Form 5500
Creator: ST. LAWRENCE COUNTY HEALTH INI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF ST. LAWRENCE COUNTY HEALTH INITIATIVE, INC., ST. LAWRENCE COUNTY HEALTH INI

ST. LAWRENCE COUNTY HEALTH INIEIN 16-1582283Plan #001PY 2023

PO BOX 5069 - POTSDAM, NY 136765069315-261-7460

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$606K

+23.6% from 2022

Total participants

+5.6% from 2022

Average account balance

$33,640

+16.8% from 2022

Annual return

14.56%

+29.88 pp from 2022

Benchmarks

See 41,808 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,808 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$723K

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

153.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2F2G2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$6K

$410 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.949%

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

$33,640

$96,678-65.2%

$86,640-61.2%

$139,466-75.9%

Participation rate

92.9%

74.4%+18.4pp

71.7%+21.1pp

80.3%+12.5pp

Annual return

14.56%

106.69%-92.1pp

592.52%-578.0pp

373.66%-359.1pp

Employer contribution / active EE

$1,899

$3,265-41.9%

$3,024-37.2%

$4,754-60.1%

Participant deferral / active EE

$1,685

$4,837-65.2%

$4,438-62.0%

$6,712-74.9%

Admin fee / account holder

$319

$6,410-95.0%

$5,616-94.3%

$11,409-97.2%

403(B) THRIFT PLAN FOR EMPLOYEES OF ST. LAWRENCE COUNTY HEALTH INITIATIVE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF ST. LAWRENCE COUNTY HEALTH INITIATIVE, INC.

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