Retirement plan

FULTON COUNTY MEDICAL CENTER 403(B) RETIREMENT SAVINGS PLAN

Name: FULTON COUNTY MEDICAL CTR - FULTON COUNTY MEDICAL CENTER 403(B) RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: FULTON COUNTY MEDICAL CTR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FULTON COUNTY MEDICAL CENTER 403(B) RETIREMENT SAVINGS PLAN, FULTON COUNTY MEDICAL CTR

FULTON COUNTY MEDICAL CTREIN 23-1401561Plan #002PY 2021

214 PEACH ORCHARD ROAD - MCCONNELLSBURG, PA 17233717-485-3155fcmcpa.orgLinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$23.5M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7.8M

+29.0% from 2020

Total participants

463

-5.5% from 2020

Average account balance

$30,883

+21.8% from 2020

Annual return

15.36%

-8.78 pp from 2020

Benchmarks

See 3,799 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,799 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.77M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

188

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.

88.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+19.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$282

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

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

Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$68,859
RESOURCES INVESTMENT ADVISORS LLC3 years Filed as: RESOURCES INVESTMENT ADVISORS, INC. Service code 27 · EIN 43-1451524	Advisory (Plan)	$19,668
ALGER4+ years Service code 52 · EIN 04-2451826	Indirect Investment Fees	$0
AMERICAN REALTY ADVISORS4+ years Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN FUNDS4+ years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS4+ years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT4+ years Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT4+ years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
NEXTCAPITAL GROUP, INC.1 year Filed as: NEXTCAPITAL ADVISERS, INC. Service code 52 · EIN 47-2342699	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2M2L2F2G2S2T

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.
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

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

$89K

$204 / participant

Investment mgmt$86K97.5%
Contract admin$2K2.5%

% of EOY assets

1.133%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS, LLP
Auditor EIN: 441600260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,883

$56,540-45.4%

$185,849-83.4%

$86,821-64.4%

Participation rate

51.7%

65.5%-13.8pp

81.7%-30.0pp

72.3%-20.6pp

Annual return

15.36%

118.20%-102.8pp

122.10%-106.7pp

97.94%-82.6pp

Employer contribution / active EE

$1,021

$1,844-44.6%

$5,169-80.2%

$2,406-57.6%

Participant deferral / active EE

$2,305

$2,555-9.8%

$5,569-58.6%

$4,132-44.2%

Admin fee / account holder

$350

$150+133.8%

$16,244-97.8%

$170+106.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$68,859

RESOURCES INVESTMENT ADVISORS LLC3 years

Filed as: RESOURCES INVESTMENT ADVISORS, INC.

Service code 27 · EIN 43-1451524

Advisory (Plan)

$19,668

ALGER4+ years

Service code 52 · EIN 04-2451826

Indirect Investment Fees

AMERICAN REALTY ADVISORS4+ years

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN FUNDS4+ years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS4+ years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT4+ years

Service code 52 · EIN 95-4597302

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT4+ years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

NEXTCAPITAL GROUP, INC.1 year

Filed as: NEXTCAPITAL ADVISERS, INC.

Service code 52 · EIN 47-2342699

Indirect Investment Fees

FULTON COUNTY MEDICAL CENTER 403(B) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FULTON COUNTY MEDICAL CENTER 403(B) RETIREMENT SAVINGS 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