Retirement plan

FHI 360 EMPLOYEES' PENSION PLAN

Name: FAMILY HEALTH INTERNATIONAL - FHI 360 EMPLOYEES' PENSION PLAN (2020) Form 5500
Creator: FAMILY HEALTH INTERNATIONAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FHI 360 EMPLOYEES' PENSION PLAN, FAMILY HEALTH INTERNATIONAL

FAMILY HEALTH INTERNATIONALEIN 23-7413005Plan #001PY 2020

359 BLACKWELL ST., SUITE 200 - DURHAM, NC 27701919-544-7040

Other plans on this EIN

1 filing

#002Retirement-$162.8M assets

Prospect flagsLow participant contribution

Top hat statement on fileNQDC

Filed August 31, 2020 (most recent of 2 filings on file)

Plan administrator

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359 Blackwell Street, Suite 200

Durham, NC 27701

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Plans declared (1)

Family Health International Employees' 457 (b) Eligible Deferred Compensation Plan 2020111 emp

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Total assets (EOY)

$197.4M

-10.8% from 2016

Total participants

1,803

-3.5% from 2016

Average account balance

$109,978

-7.6% from 2016

Annual return

15.11%

-6.83 pp from 2016

Benchmarks

See 755 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort755 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$257.94M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

1,913

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.

99.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$52

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

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Service providers

Top 10 of 17 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$73,562
LOCKTON INVESTMENT ADVISORS, LLC6+ years Service code 16 · EIN 20-8874282	Consulting	$37,500
HUGHES PITTMAN & GUPTON, LLP5 years Service code 50 · EIN 56-1415202	Direct Payment	$17,100
LOCKTON INVESTMENT ADVISORS, LLC1 year Filed as: LOCKTON INVESTMENT ADVISORSLLC Service code 50 · EIN 20-8874282	Direct Payment	$15,000
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK4 years Service code 52 · EIN 22-3483675	Indirect Investment Fees	$0
COLUMBIA4 years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
JANUS HENDERSON3 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Filed as: JOHN HANCOCK Service code 52 · EIN 04-3279774	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2C2F2G2K3D3H2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$143K

$117 / participant

Investment mgmt$114K79.7%
Contract admin$9K6.0%
Other / not subdivided$21K14.3%

% of EOY assets

0.073%

all-in expense ratio

Categories reported

2 / 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: HUGHES, PITTMAN, & GUPTON, LLP
Auditor EIN: 561415202
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,978

$127,481-13.7%

$149,751-26.6%

$90,274+21.8%

Participation rate

99.3%

78.2%+21.1pp

82.5%+16.9pp

73.4%+26.0pp

Annual return

15.11%

57.78%-42.7pp

276.71%-261.6pp

53.97%-38.9pp

Employer contribution / active EE

$9,934

$3,448+188.1%

$4,646+113.8%

$2,523+293.7%

Participant deferral / active EE

$6,975-100.0%

$6,843-100.0%

$4,231-100.0%

Admin fee / account holder

$80

$152-47.4%

$9,312-99.1%

$114-30.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$73,562

LOCKTON INVESTMENT ADVISORS, LLC6+ years

Service code 16 · EIN 20-8874282

Consulting

$37,500

HUGHES PITTMAN & GUPTON, LLP5 years

Service code 50 · EIN 56-1415202

Direct Payment

$17,100

LOCKTON INVESTMENT ADVISORS, LLC1 year

Filed as: LOCKTON INVESTMENT ADVISORSLLC

Service code 50 · EIN 20-8874282

Direct Payment

$15,000

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK4 years

Service code 52 · EIN 22-3483675

Indirect Investment Fees

COLUMBIA4 years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 93-6305075

Indirect Investment Fees

JANUS HENDERSON3 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK

Service code 52 · EIN 04-3279774

Indirect Investment Fees

FHI 360 EMPLOYEES' PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FHI 360 EMPLOYEES' PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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