Retirement plan

HOSPICE OF SOUTHERN KENTUCKY, INC. 401(K) PROFIT SHARING PLAN

Name: HOSPICE OF SOUTHERN KENTUCKY, INC. - HOSPICE OF SOUTHERN KENTUCKY, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: HOSPICE OF SOUTHERN KENTUCKY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOSPICE OF SOUTHERN KENTUCKY, INC. 401(K) PROFIT SHARING PLAN, HOSPICE OF SOUTHERN KENTUCKY, INC.

HOSPICE OF SOUTHERN KENTUCKY, INC.EIN 31-1035478Plan #002PY 2022

5872 SCOTTSVILLE ROAD - BOWLING GREEN, KY 42104270-746-9300hospicesoky.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$359K

+7.4% from 2021

Total participants

+12.0% from 2021

Average account balance

$8,162

-9.7% from 2021

Annual return

-16.30%

-28.87 pp from 2021

Benchmarks

See 19,709 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,709 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$897K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$210K

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

+17.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1776

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D2T

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$47K

$974 / participant

Other / not subdivided$47K100.0%

% of EOY assets

13.023%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,162

$73,839-88.9%

$143,788-94.3%

$68,495-88.1%

Participation rate

75.0%

66.7%+8.3pp

80.3%-5.3pp

67.9%+7.1pp

Annual return

-16.30%

1.01%-17.3pp

-0.03%-16.3pp

-7.84%-8.5pp

Employer contribution / active EE

$672

$3,184-78.9%

$4,952-86.4%

$2,596-74.1%

Participant deferral / active EE

$1,909

$3,384-43.6%

$5,638-66.1%

$4,028-52.6%

Admin fee / account holder

$1,063

$5,755-81.5%

$14,675-92.8%

$5,403-80.3%

HOSPICE OF SOUTHERN KENTUCKY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOSPICE OF SOUTHERN KENTUCKY, INC. 401(K) PROFIT SHARING 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