Retirement plan

GEISINGER SYSTEM SERVICES TAX SHELTERED ANNUITY PROGRAM

Name: GEISINGER SYSTEM SERVICES - GEISINGER SYSTEM SERVICES TAX SHELTERED ANNUITY PROGRAM (2020) 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 2020

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

Other plans on this EIN

3 filings

#002Retirement-$2.51B assets #001Retirement-$173.5M assets #004Retirement-$13.6M assets

Prospect flagsLow participationLow employer contributionCorrective 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)

$908.3M

-13.5% from 2016

Total participants

24,825

-3.3% from 2016

Average account balance

$104,277

-3.7% from 2016

Annual return

17.00%

-12.39 pp from 2016

Benchmarks

See 228 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort228 peers

Snapshot2020

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

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 7 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTMENTS INST OPS CO Service code 37 · EIN 04-2647786	Loan Processing	$147,424
METLIFE LIFE INSURANCE COMPANY3 years Filed as: BRIGHTHOUSE LIFE INSURANCE COMPANY Service code 13 · EIN 06-0566090	Contract Administrator	$1,758
TIAA3 years Filed as: TIAA-TEACHERS INSURANCE AND ANNUITY Service code 13 · EIN 13-1624203	Contract Administrator	$180
VOYA RETIREMENT INSURANCE & ANNUITY6+ years Filed as: VOYA RETIREMENT INS. & ANNUITY CO. Service code 13 · EIN 71-0294708	Contract Administrator	$143
METLIFE LIFE INSURANCE COMPANY3 years Filed as: METROPOLITAN LIFE INSURANCE CO Service code 64 11225 N COMMUNTY HOUSE RD · CHARLOTTE, NC 28277	Recordkeeping Fees	$70
LINCOLN NATIONAL CORPORATION6+ years Service code 13 · EIN 35-1140070	Contract Administrator	$50
EQUITABLE ADVISORS LLC1 year Filed as: EQUITABLE FINANCIAL LIFE INS CO. Service code 28 · EIN 13-5570651	Investment Management	$0

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

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$150K

$7 / participant

Contract admin$5000.3%
Other / not subdivided$149K99.7%

% of EOY assets

0.017%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,277

$66,513+56.8%

$178,510-41.6%

$106,273-1.9%

Participation rate

28.9%

73.8%-44.9pp

81.9%-53.0pp

70.8%-41.9pp

Annual return

17.00%

21.81%-4.8pp

151.13%-134.1pp

21.70%-4.7pp

Employer contribution / active EE

$1,776-100.0%

$5,011-100.0%

$2,722-100.0%

Participant deferral / active EE

$2,390

$3,679-35.0%

$5,202-54.1%

$4,601-48.1%

Admin fee / account holder

$17

$53-67.8%

$13,988-99.9%

$78-78.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTMENTS INST OPS CO

Service code 37 · EIN 04-2647786

Loan Processing

$147,424

METLIFE LIFE INSURANCE COMPANY3 years

Filed as: BRIGHTHOUSE LIFE INSURANCE COMPANY

Service code 13 · EIN 06-0566090

Contract Administrator

$1,758

TIAA3 years

Filed as: TIAA-TEACHERS INSURANCE AND ANNUITY

Service code 13 · EIN 13-1624203

Contract Administrator

$180

VOYA RETIREMENT INSURANCE & ANNUITY6+ years

Filed as: VOYA RETIREMENT INS. & ANNUITY CO.

Service code 13 · EIN 71-0294708

Contract Administrator

$143

METLIFE LIFE INSURANCE COMPANY3 years

Filed as: METROPOLITAN LIFE INSURANCE CO

Service code 64

11225 N COMMUNTY HOUSE RD · CHARLOTTE, NC 28277

Recordkeeping Fees

$70

LINCOLN NATIONAL CORPORATION6+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$50

EQUITABLE ADVISORS LLC1 year

Filed as: EQUITABLE FINANCIAL LIFE INS CO.

Service code 28 · EIN 13-5570651

Investment Management

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