Retirement plan

GEISINGER SYSTEM SERVICES TAX SHELTERED ANNUITY PROGRAM

Name: GEISINGER SYSTEM SERVICES - GEISINGER SYSTEM SERVICES TAX SHELTERED ANNUITY PROGRAM (2016) Form 5500
Creator: GEISINGER SYSTEM SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEISINGER SYSTEM SERVICES TAX SHELTERED ANNUITY PROGRAM, GEISINGER SYSTEM SERVICES

GEISINGER SYSTEM SERVICESEIN 23-2164794Plan #003PY 2016

100 N ACADEMY AVE, MC 49-70 - DANVILLE, PA 178229800570-271-6640

Other plans on this EIN

1 filing

#002Retirement-$1.49B assets

Prospect flagsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed October 11, 1994

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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How to read this page

Total assets (EOY)

$511.2M

+15.6% from 2015

Total participants

18,474

+3.4% from 2015

Average account balance

$98,863

+3.8% from 2015

Annual return

14.84%

+12.39 pp from 2015

Benchmarks

See 193 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort193 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.05B

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

8,017

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.

23.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.94%

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

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Filed as: FIDELITY INVESTMENTS INST. OPS. CO. Service code 37 · EIN 04-2647786	Loan Processing	$24,324
AXA EQUITABLE LIFE INSURANCE CO2+ years Filed as: AXA EQUITABLE LIFE INSURANCE CO. Service code 28 · EIN 13-5570651	Investment Management	$252
VOYA RETIREMENT INSURANCE & ANNUITY2+ years Filed as: VOYA RETIREMENT INS. & ANNUITY CO. Service code 37 · EIN 71-0294708	Loan Processing	$225
LINCOLN NATIONAL CORPORATION2+ years Service code 13 · EIN 35-1140070	Contract Administrator	$100

Plan features & details

Pension benefit codes2F2G2L2M2S2T3H

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant 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

$10K

$1 / participant

Contract admin$3523.5%
Other / not subdivided$10K96.5%

% of EOY assets

0.002%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,863

$49,270+100.7%

$156,549-36.8%

$329,111-70.0%

Participation rate

23.7%

68.1%-44.4pp

84.0%-60.3pp

67.9%-44.1pp

Annual return

14.84%

23.25%-8.4pp

32.23%-17.4pp

16.35%-1.5pp

Employer contribution / active EE

$1,534-99.8%

$5,501-99.9%

$2,303-99.8%

Participant deferral / active EE

$2,066

$2,920-29.2%

$4,871-57.6%

$3,682-43.9%

Admin fee / account holder

$51-96.2%

$13,027-100.0%

$754-99.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Filed as: FIDELITY INVESTMENTS INST. OPS. CO.

Service code 37 · EIN 04-2647786

Loan Processing

$24,324

AXA EQUITABLE LIFE INSURANCE CO2+ years

Filed as: AXA EQUITABLE LIFE INSURANCE CO.

Service code 28 · EIN 13-5570651

Investment Management

$252

VOYA RETIREMENT INSURANCE & ANNUITY2+ years

Filed as: VOYA RETIREMENT INS. & ANNUITY CO.

Service code 37 · EIN 71-0294708

Loan Processing

$225

LINCOLN NATIONAL CORPORATION2+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$100

GEISINGER SYSTEM SERVICES TAX SHELTERED ANNUITY PROGRAM

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEISINGER SYSTEM SERVICES TAX SHELTERED ANNUITY PROGRAM

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