Retirement plan

THE HEALTH FEDERATION OF PHILADELPHIA 403(B) PLAN

Name: THE HEALTH FEDERATION OF PHILADELPHIA - THE HEALTH FEDERATION OF PHILADELPHIA 403(B) PLAN (2023) Form 5500
Creator: THE HEALTH FEDERATION OF PHILADELPHIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HEALTH FEDERATION OF PHILADELPHIA 403(B) PLAN, THE HEALTH FEDERATION OF PHILADELPHIA

THE HEALTH FEDERATION OF PHILADELPHIAEIN 23-2244355Plan #001PY 2023

123 S BROAD ST STE 650 - PHILADELPHIA, PA 191091013609-505-3333healthfederation.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$17.6M

+20.1% from 2022

Total participants

477

-7.4% from 2022

Average account balance

$46,180

+23.2% from 2022

Annual return

16.07%

+31.04 pp from 2022

Benchmarks

See 4,041 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,041 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.23M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

400

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.

81.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$348

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 3 by compensation

Provider	Service type	Compensation
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 25 PO BOX 55788 · BOSTON, MA 02205	Directed Trustee	$67,271
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$23,160
COMMONWEALTH FINANCIAL NETWORK1 year Service code 17 · EIN 04-2675571	Pension Consulting	$8,573

Plan features & details

Pension benefit codes2F2G2L2M2T3D

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$101K

$252 / participant

Contract admin$93K91.5%
Other / not subdivided$9K8.5%

% of EOY assets

0.574%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FISCHER DORWART PC
Auditor EIN: 232247478
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,180

$47,135-2.0%

$149,717-69.2%

$74,440-38.0%

Participation rate

76.4%

63.4%+13.0pp

78.8%-2.4pp

70.7%+5.6pp

Annual return

16.07%

22.75%-6.7pp

134.41%-118.3pp

34.37%-18.3pp

Employer contribution / active EE

$3,205

$1,906+68.2%

$4,820-33.5%

$2,638+21.5%

Participant deferral / active EE

$2,386

$2,728-12.6%

$5,682-58.0%

$4,529-47.3%

Admin fee / account holder

$265

$343-22.7%

$13,213-98.0%

$348-23.8%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 25

PO BOX 55788 · BOSTON, MA 02205

Directed Trustee

$67,271

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$23,160

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 17 · EIN 04-2675571

Pension Consulting

$8,573

THE HEALTH FEDERATION OF PHILADELPHIA 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HEALTH FEDERATION OF PHILADELPHIA 403(B) 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