Retirement plan

CHARLES RIVER COMMUNITY HEALTH, INC. 403(B) PLAN

Name: CHARLES RIVER COMMUNITY HEALTH, INC. - CHARLES RIVER COMMUNITY HEALTH, INC. 403(B) PLAN (2016) Form 5500
Creator: CHARLES RIVER COMMUNITY HEALTH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLES RIVER COMMUNITY HEALTH, INC. 403(B) PLAN, CHARLES RIVER COMMUNITY HEALTH, INC.

CHARLES RIVER COMMUNITY HEALTH, INC.EIN 23-7221597Plan #001PY 2016

495 WESTERN AVENUE - BRIGHTON, MA 02135617-870-7280charlesriverhealth.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$4M

No prior year

Total participants

235

No prior year

Average account balance

$24,003

No prior year

Annual return

-1.06%

No prior year

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.56M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

160

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.

43.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$623K

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

+11.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$491

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
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Service code 49 · EIN 13-5674085	Other Services	$8,767
THE ANGELL PENSION GROUP, INC.1+ years Filed as: THE ANGELL PENSION GROUP, INC Service code 13 · EIN 04-2530412	Contract Administrator	$5,667
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$5,357

Plan features & details

Pension benefit codes2L2G2F2K

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$7K

$39 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.174%

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: ALEXANDER,ARONSON,FINNING & CO.,P.C
Auditor EIN: 042571780
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,003

$46,732-48.6%

$156,551-84.7%

$55,167-56.5%

Participation rate

61.6%

65.8%-4.2pp

84.0%-22.4pp

69.0%-7.4pp

Annual return

-1.06%

17.72%-18.8pp

32.23%-33.3pp

169.23%-170.3pp

Employer contribution / active EE

$892

$2,105-57.6%

$5,501-83.8%

$1,963-54.5%

Participant deferral / active EE

$2,067

$2,204-6.2%

$4,871-57.6%

$3,054-32.3%

Admin fee / account holder

$42

$418-90.0%

$13,028-99.7%

$504-91.7%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Service code 49 · EIN 13-5674085

Other Services

$8,767

THE ANGELL PENSION GROUP, INC.1+ years

Filed as: THE ANGELL PENSION GROUP, INC

Service code 13 · EIN 04-2530412

Contract Administrator

$5,667

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$5,357

CHARLES RIVER COMMUNITY HEALTH, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLES RIVER COMMUNITY HEALTH, INC. 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