Retirement plan

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

Name: GREATER PHILADELPHIA HEALTH ACTION, INC - GREATER PHILADELPHIA HEALTH ACTION, INC. 401(K) PLAN (2015) 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 2015

432 NORTH SIXTH STREET - PHILADELPHIA, PA 19123215-925-2400gphainc.orgLinkedIn501-1000 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.1M

No prior year

Total participants

647

No prior year

Average account balance

$13,699

No prior year

Annual return

-0.19%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Service code 15 · EIN 31-1281022	Recordkeeping	$38,676
CONTINENTAL BENEFITS GROUP, INC.1+ years Filed as: CONTINENTAL BENEFITS GROUP, INC Service code 15 · EIN 01-0724493	Recordkeeping	$24,169
SECURITIES AMERICA INC1+ years Filed as: SECURITIES SERVICE NETWORK, INC. Service code 22 · EIN 62-1664787	Insurance Broker	$17,329
MESIROW FINANCIAL INVESTMENT MANAGE1+ years Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$1,399

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

$52K

$109 / participant

Other / not subdivided$52K100.0%

% of EOY assets

0.641%

all-in expense ratio

Categories reported

0 / 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: MORGENSTERN, WAXMAN, ELLERSHAW
Auditor EIN: 221977437
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,699

$37,117-63.1%

$147,617-90.7%

$55,191-75.2%

Participation rate

88.7%

63.6%+25.1pp

84.6%+4.1pp

69.2%+19.6pp

Annual return

-0.19%

3.44%-3.6pp

61.98%-62.2pp

10.78%-11.0pp

Employer contribution / active EE

$1,223

$1,620-24.5%

$5,564-78.0%

$1,899-35.6%

Participant deferral / active EE

$1,264

$1,985-36.3%

$4,895-74.2%

$3,046-58.5%

Admin fee / account holder

$88

$86+2.6%

$11,612-99.2%

$91-3.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Service code 15 · EIN 31-1281022

Recordkeeping

$38,676

CONTINENTAL BENEFITS GROUP, INC.1+ years

Filed as: CONTINENTAL BENEFITS GROUP, INC

Service code 15 · EIN 01-0724493

Recordkeeping

$24,169

SECURITIES AMERICA INC1+ years

Filed as: SECURITIES SERVICE NETWORK, INC.

Service code 22 · EIN 62-1664787

Insurance Broker

$17,329

MESIROW FINANCIAL INVESTMENT MANAGE1+ years

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$1,399

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