Retirement plan

FAIRHOPE HOSPICE & PALLIATIVE CARE, INC. PROFIT SHARING & 401(K) PLAN

Name: FAIRHOPE HOSPICE & PALLIATIVE CARE, INC. - FAIRHOPE HOSPICE & PALLIATIVE CARE, INC. PROFIT SHARING & 401(K) PLAN (2020) Form 5500
Creator: FAIRHOPE HOSPICE & PALLIATIVE CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAIRHOPE HOSPICE & PALLIATIVE CARE, INC. PROFIT SHARING & 401(K) PLAN, FAIRHOPE HOSPICE & PALLIATIVE CARE, INC.

FAIRHOPE HOSPICE & PALLIATIVE CARE, INC.EIN 31-1084518Plan #001PY 2020

282 SELLS ROAD - LANCASTER, OH 43130740-654-7077fairhopehospice.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$3.4M

+28.2% from 2019

Total participants

141

+3.7% from 2019

Average account balance

$24,530

+23.6% from 2019

Annual return

16.40%

-3.58 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.35M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

126

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.

78.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$509K

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

+14.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$281

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 1 by compensation

Provider	Service type	Compensation
FAIRFIELD NATIONAL BANK6+ years Service code 21 · EIN 31-1198067	Bank Trustee	$22,313

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22K

$194 / participant

Investment mgmt$22K100.0%

% of EOY assets

0.650%

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: HILL, BARTH & KING, LLC
Auditor EIN: 341897225
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,530

$58,888-58.3%

$178,498-86.3%

$73,493-66.6%

Participation rate

99.1%

66.2%+32.9pp

81.9%+17.2pp

70.7%+28.4pp

Annual return

16.40%

24.86%-8.5pp

151.09%-134.7pp

28.51%-12.1pp

Employer contribution / active EE

$1,152

$2,236-48.5%

$5,011-77.0%

$2,270-49.3%

Participant deferral / active EE

$2,577

$2,568+0.4%

$5,202-50.5%

$3,740-31.1%

Admin fee / account holder

$159

$400-60.2%

$13,985-98.9%

$513-68.9%

Provider

Service type

Compensation

FAIRFIELD NATIONAL BANK6+ years

Service code 21 · EIN 31-1198067

Bank Trustee

$22,313

FAIRHOPE HOSPICE & PALLIATIVE CARE, INC. PROFIT SHARING & 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAIRHOPE HOSPICE & PALLIATIVE CARE, INC. PROFIT SHARING & 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