Retirement plan

GREATER PHILADELPHIA HEALTH ACTION, INC. 401(K) PLAN

Name: GREATER PHILADELPHIA HEALTH ACTION, INC - GREATER PHILADELPHIA HEALTH ACTION, INC. 401(K) PLAN (2024) Form 5500
Creator: GREATER PHILADELPHIA HEALTH ACTION, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREATER PHILADELPHIA HEALTH ACTION, INC. 401(K) PLAN, GREATER PHILADELPHIA HEALTH ACTION, INC

GREATER PHILADELPHIA HEALTH ACTION, INCEIN 23-7082074Plan #001PY 2024

1401 S. 31ST ST. - PHILADELPHIA, PA 19146215-925-2400gphainc.orgLinkedIn501-1000 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$27.3M

+20.6% from 2023

Total participants

926

+13.3% from 2023

Average account balance

$33,875

+1.6% from 2023

Annual return

14.01%

-2.42 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.34M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

807

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.

79.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$183

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 9 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6 years Service code 27 · EIN 42-0127290	Advisory (Plan)	$132,024
SECURITIES AMERICA INC3 years Filed as: SECURITIES AMERICA ADVISORS Service code 27	Advisory (Plan)	$39,812
ASCENSUS LLC4 years Filed as: ASCENSUS Service code 13 · EIN 82-3719843	Contract Administrator	$15,791
OSAIC WEALTH INC1 year Service code 27 · EIN 93-0987232	Advisory (Plan)	$14,804
ATLANTIC PENSION SERVICES, INC.1 year Filed as: ATLANTIC PENSION SERVICES INC Service code 13 · EIN 23-2942715	Contract Administrator	$11,169
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26	Advisory (Participants)	$0
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGMENT Service code 27 · EIN 36-4317381	Advisory (Plan)	$0
SECRITIES AMERICA ADVISORS, INC.3 years Service code 27 · EIN 47-0648506	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$148K

$251 / participant

Contract admin$148K100.0%

% of EOY assets

0.540%

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: STEPHANO SLACK LLC
Auditor EIN: 161710665
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,875

$50,919-33.5%

$155,556-78.2%

$77,762-56.4%

Participation rate

79.8%

63.1%+16.7pp

78.2%+1.5pp

70.6%+9.2pp

Annual return

14.01%

34.84%-20.8pp

64.84%-50.8pp

31.27%-17.3pp

Employer contribution / active EE

$2,001

$1,991+0.5%

$4,675-57.2%

$2,728-26.7%

Participant deferral / active EE

$2,754

$2,824-2.5%

$5,631-51.1%

$4,651-40.8%

Admin fee / account holder

$183

$437-58.1%

$15,885-98.8%

$433-57.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6 years

Service code 27 · EIN 42-0127290

Advisory (Plan)

$132,024

SECURITIES AMERICA INC3 years

Filed as: SECURITIES AMERICA ADVISORS

Service code 27

Advisory (Plan)

$39,812

ASCENSUS LLC4 years

Filed as: ASCENSUS

Service code 13 · EIN 82-3719843

Contract Administrator

$15,791

OSAIC WEALTH INC1 year

Service code 27 · EIN 93-0987232

Advisory (Plan)

$14,804

ATLANTIC PENSION SERVICES, INC.1 year

Filed as: ATLANTIC PENSION SERVICES INC

Service code 13 · EIN 23-2942715

Contract Administrator

$11,169

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26

Advisory (Participants)

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MANAGMENT

Service code 27 · EIN 36-4317381

Advisory (Plan)

SECRITIES AMERICA ADVISORS, INC.3 years

Service code 27 · EIN 47-0648506

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

GREATER PHILADELPHIA HEALTH ACTION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREATER PHILADELPHIA HEALTH ACTION, INC. 401(K) 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