Retirement plan

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

Name: GREATER PHILADELPHIA HEALTH ACTION, INC - GREATER PHILADELPHIA HEALTH ACTION, INC. 401(K) PLAN (2019) 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 2019

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

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.3M

+24.9% from 2018

Total participants

789

+9.3% from 2018

Average account balance

$24,257

-63.7% from 2018

Annual return

18.45%

+23.42 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$32,682
TRANSAMERICA RETIREMENT SOLUTIONS5+ years Service code 15 · EIN 31-3689044	Recordkeeping	$32,286
SECURITIES AMERICA INC5+ years Filed as: SECURITIES SERVICE NETWORK, INC. Service code 22 · EIN 62-1664787	Insurance Broker	$19,265
CONTINENTAL BENEFITS GROUP, INC.1 year Filed as: CONTINENTAL BENEFITS GROUP INC Service code 13	Contract Administrator	$9,049
CONTINENTAL BENEFITS GROUP, INC.1 year Service code 13 · EIN 01-0724493	Contract Administrator	$8,725
MESIROW FINANCIAL INVESTMENT MANAGE5+ years Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$1,560

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$74K

$124 / participant

Contract admin$74K100.0%

% of EOY assets

0.516%

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: MORGENSTERN, WAXMAN, ELLERSHAW, LLC
Auditor EIN: 814670608
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,257

$62,928-61.5%

$172,752-86.0%

$67,579-64.1%

Participation rate

66.4%

64.5%+1.9pp

82.6%-16.3pp

71.3%-4.9pp

Annual return

18.45%

30.36%-11.9pp

802.97%-784.5pp

378.56%-360.1pp

Employer contribution / active EE

$1,362

$1,636-16.8%

$5,144-73.5%

$2,148-36.6%

Participant deferral / active EE

$1,688

$2,145-21.3%

$5,198-67.5%

$3,539-52.3%

Admin fee / account holder

$125

$167-24.9%

$13,955-99.1%

$142-12.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$32,682

TRANSAMERICA RETIREMENT SOLUTIONS5+ years

Service code 15 · EIN 31-3689044

Recordkeeping

$32,286

SECURITIES AMERICA INC5+ years

Filed as: SECURITIES SERVICE NETWORK, INC.

Service code 22 · EIN 62-1664787

Insurance Broker

$19,265

CONTINENTAL BENEFITS GROUP, INC.1 year

Filed as: CONTINENTAL BENEFITS GROUP INC

Service code 13

Contract Administrator

$9,049

CONTINENTAL BENEFITS GROUP, INC.1 year

Service code 13 · EIN 01-0724493

Contract Administrator

$8,725

MESIROW FINANCIAL INVESTMENT MANAGE5+ years

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$1,560

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