Retirement plan

GEISINGER SYSTEM SERVICES TAX SHELTERED ANNUITY PROGRAM

Name: GEISINGER SYSTEM SERVICES - GEISINGER SYSTEM SERVICES TAX SHELTERED ANNUITY PROGRAM (2023) 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 2023

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

Other plans on this EIN

3 filings

#002Retirement-$2.62B assets #001Retirement-$102.1M assets #004Retirement-$290K assets

Prospect flagsLow participationCorrective 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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Total assets (EOY)

$936.6M

-13.5% from 2016

Total participants

26,797

-3.3% from 2016

Average account balance

$114,994

-3.7% from 2016

Annual return

18.70%

-12.39 pp from 2016

Benchmarks

See 255 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort255 peers

Snapshot2023

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 8 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL7 years Filed as: FIDELITY INVESTMENTS INST OPS CO Service code 37 · EIN 04-2647786	Loan Processing	$89,625
ASCENSUS LLC1 year Filed as: CAPFINANCIAL PARTERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$32,748
SMITH & DOWNEY1 year Filed as: SMITH DOWNEY PA Service code 16 · EIN 52-1839270	Consulting	$3,028
METLIFE LIFE INSURANCE COMPANY6 years Filed as: BRIGHTHOUSE LIFE INSURANCE COMPANY Service code 13 · EIN 06-0566090	Contract Administrator	$1,404
METLIFE LIFE INSURANCE COMPANY6 years Filed as: METROPOLITAN LIFE INSURANCE CO Service code 64 11225 N COMMUNTY HOUSE RD · CHARLOTTE, NC 28277	Recordkeeping Fees	$73
LINCOLN NATIONAL CORPORATION9+ years Service code 13 · EIN 35-1140070	Contract Administrator	$25
EQUITABLE ADVISORS LLC4 years Filed as: EQUITABLE FINANCIAL LIFE INS CO. Service code 28 · EIN 13-5570651	Investment Management	$0
VOYA RETIREMENT INSURANCE & ANNUITY9+ years Filed as: VOYA RETIREMENT INS. & ANNUITY CO. Service code 13 · EIN 71-0294708	Contract Administrator	$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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$87K

$4 / participant

Recordkeeping$46K53.3%
Contract admin$1880.2%
Other / not subdivided$40K46.5%

% of EOY assets

0.009%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,994

$68,330+68.3%

$149,740-23.2%

$96,393+19.3%

Participation rate

24.7%

74.6%-49.9pp

78.8%-54.1pp

71.3%-46.6pp

Annual return

18.70%

29.64%-10.9pp

134.51%-115.8pp

22.88%-4.2pp

Employer contribution / active EE

$2,139-100.0%

$4,821-100.0%

$3,239-100.0%

Participant deferral / active EE

$2,615

$4,422-40.9%

$5,683-54.0%

$5,455-52.1%

Admin fee / account holder

$11

$52-79.5%

$13,222-99.9%

$74-85.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Filed as: FIDELITY INVESTMENTS INST OPS CO

Service code 37 · EIN 04-2647786

Loan Processing

$89,625

ASCENSUS LLC1 year

Filed as: CAPFINANCIAL PARTERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$32,748

SMITH & DOWNEY1 year

Filed as: SMITH DOWNEY PA

Service code 16 · EIN 52-1839270

Consulting

$3,028

METLIFE LIFE INSURANCE COMPANY6 years

Filed as: BRIGHTHOUSE LIFE INSURANCE COMPANY

Service code 13 · EIN 06-0566090

Contract Administrator

$1,404

METLIFE LIFE INSURANCE COMPANY6 years

Filed as: METROPOLITAN LIFE INSURANCE CO

Service code 64

11225 N COMMUNTY HOUSE RD · CHARLOTTE, NC 28277

Recordkeeping Fees

$73

LINCOLN NATIONAL CORPORATION9+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$25

EQUITABLE ADVISORS LLC4 years

Filed as: EQUITABLE FINANCIAL LIFE INS CO.

Service code 28 · EIN 13-5570651

Investment Management

VOYA RETIREMENT INSURANCE & ANNUITY9+ years

Filed as: VOYA RETIREMENT INS. & ANNUITY CO.

Service code 13 · EIN 71-0294708

Contract Administrator

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