Retirement plan

HOSPITAL CENTRAL SERVICES COOPERATIVE, INC. RETIRE

Name: HOSPITAL CENTRAL SERVICES COOPERATIVE, INC. - HOSPITAL CENTRAL SERVICES COOPERATIVE, INC. RETIRE (2022) Form 5500
Creator: HOSPITAL CENTRAL SERVICES COOPERATIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOSPITAL CENTRAL SERVICES COOPERATIVE, INC. RETIRE, HOSPITAL CENTRAL SERVICES COOPERATIVE, INC.

HOSPITAL CENTRAL SERVICES COOPERATIVE, INC.EIN 23-1709244Plan #004PY 2022

2171 28TH STREET SW - ALLENTOWN, PA 18103610-791-2222LinkedIn201-500 employeesmedical practice

Other plans on this EIN

1 filing

#001Retirement-$10.7M assets

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$2.8M

-11.6% from 2021

Total participants

356

0.0% from 2021

Average account balance

$13,372

-6.6% from 2021

Annual return

-9.22%

-27.94 pp from 2021

Benchmarks

See 934 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort934 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.89M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

411

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.

67.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$308K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$615

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

+9.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$38

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 10 of 20 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$14,363
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY & CO. LLC Service code 27 · EIN 20-8764829	Advisory (Plan)	$5,763
AB FUNDS3 years Service code 52 · EIN 13-2625045	Indirect Investment Fees	$0
AMERICAN CENTURY5 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS5 years Service code 52 · EIN 95-6006886	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
CALVERT3 years Service code 52 · EIN 52-1233223	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Filed as: FRANKLINTEMPLETON Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$0

Plan features & details

Pension benefit codes2E2J2F2G3F3H2T

Plan features

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$14K

$42 / participant

Investment mgmt$7K48.5%
Contract admin$5K36.7%
Other / not subdivided$2K14.8%

% of EOY assets

0.507%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,372

$47,766-72.0%

$82,763-83.8%

$64,824-79.4%

Participation rate

57.9%

67.7%-9.8pp

72.6%-14.7pp

71.5%-13.6pp

Annual return

-9.22%

-13.06%+3.8pp

702.45%-711.7pp

32.84%-42.1pp

Employer contribution / active EE

$301

$2,182-86.2%

$3,008-90.0%

$2,507-88.0%

Participant deferral / active EE

$451

$3,332-86.5%

$4,395-89.7%

$4,311-89.5%

Admin fee / account holder

$68

$143-52.6%

$5,325-98.7%

$188-63.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$14,363

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY & CO. LLC

Service code 27 · EIN 20-8764829

Advisory (Plan)

$5,763

AB FUNDS3 years

Service code 52 · EIN 13-2625045

Indirect Investment Fees

AMERICAN CENTURY5 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS5 years

Service code 52 · EIN 95-6006886

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 51-0318674

Indirect Investment Fees

CALVERT3 years

Service code 52 · EIN 52-1233223

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 13-3151768

Indirect Investment Fees

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

HOSPITAL CENTRAL SERVICES COOPERATIVE, INC. RETIRE

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOSPITAL CENTRAL SERVICES COOPERATIVE, INC. RETIRE

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