Retirement plan

SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN

Name: SOUTHCOAST HOSPITALS GROUP, INC. - SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN (2019) Form 5500
Creator: SOUTHCOAST HOSPITALS GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN, SOUTHCOAST HOSPITALS GROUP, INC.

SOUTHCOAST HOSPITALS GROUP, INC.EIN 22-2592333Plan #001PY 2019

101 PAGE ST - NEW BEDFORD, MA 02740508-961-5129yelp.com/biz/southcoast-hospitals-group-fairhavenLinkedIn11-50 employeesretail

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed June 8, 2009 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$886.6M

-7.9% from 2016

Total participants

9,896

-5.7% from 2016

Average account balance

$89,595

-4.0% from 2016

Annual return

19.48%

-8.47 pp from 2016

Benchmarks

See 235 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort235 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.14B

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

9,995

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74.07M

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

+10.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$59

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS5+ years Service code 12 · EIN 13-3689044	Participant loan processing; Finders'...	$636,242
SAGEVIEW ADVISORY GROUP, LLC4 years Filed as: SAGEVIEW ADVISORY GROUP Service code 16 · EIN 33-0818667	Consulting	$100,500
CARON & BLETZER, PLLC1 year Filed as: CARON & BLETZER, PPLC Service code 10 · EIN 04-3499945	Accounting	$15,181
DKC RETIREMENT ASSOC. LLC3 years Filed as: DKC RETIREMENT ASSOCIATES, LLC Service code 16 · EIN 04-1466133	Consulting	$14,175
CHARLES SCHWAB & CO., INC.5+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$360
NATIONAL FINANCIAL SERVICES5+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2L2M2F2G2R3H2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$770K

$101 / participant

Investment mgmt$119K15.4%
Other / not subdivided$651K84.6%

% of EOY assets

0.087%

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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,595

$53,565+67.3%

$172,757-48.1%

$82,204+9.0%

Participation rate

100.0%

69.6%+30.4pp

82.6%+17.4pp

73.4%+26.6pp

Annual return

19.48%

31.42%-11.9pp

803.06%-783.6pp

26.31%-6.8pp

Employer contribution / active EE

$2,645

$1,857+42.5%

$5,144-48.6%

$2,707-2.3%

Participant deferral / active EE

$4,638

$3,006+54.3%

$5,198-10.8%

$4,246+9.2%

Admin fee / account holder

$78

$61+26.8%

$13,956-99.4%

$76+2.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS5+ years

Service code 12 · EIN 13-3689044

Participant loan processing; Finders'...

$636,242

SAGEVIEW ADVISORY GROUP, LLC4 years

Filed as: SAGEVIEW ADVISORY GROUP

Service code 16 · EIN 33-0818667

Consulting

$100,500

CARON & BLETZER, PLLC1 year

Filed as: CARON & BLETZER, PPLC

Service code 10 · EIN 04-3499945

Accounting

$15,181

DKC RETIREMENT ASSOC. LLC3 years

Filed as: DKC RETIREMENT ASSOCIATES, LLC

Service code 16 · EIN 04-1466133

Consulting

$14,175

CHARLES SCHWAB & CO., INC.5+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$360

NATIONAL FINANCIAL SERVICES5+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN

Top hat statement on fileNQDC

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