Retirement plan

PACKARD CHILDREN'S HEALTH ALLIANCE 403(B) RETIREMENT PLAN

Name: PACKARD CHILDREN'S HEALTH ALLIANCE - PACKARD CHILDREN'S HEALTH ALLIANCE 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: PACKARD CHILDREN'S HEALTH ALLIANCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACKARD CHILDREN'S HEALTH ALLIANCE 403(B) RETIREMENT PLAN, PACKARD CHILDREN'S HEALTH ALLIANCE

PACKARD CHILDREN'S HEALTH ALLIANCEEIN 32-0359189Plan #001PY 2023

725 WELCH ROAD, MC 5866 - PALO ALTO, CA 94304650-724-3637packardnetwork.orgLinkedIn201-500 employeesmedical practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$23.3M

+27.0% from 2022

Total participants

454

+3.4% from 2022

Average account balance

$58,331

+20.3% from 2022

Annual return

17.01%

+30.85 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.08M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

418

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.

81.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46

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
FID INV INST OPS CO6 years Service code 15 · EIN 04-2647786	Recordkeeping	$21,837

Plan features & details

Pension benefit codes2F2G2L2M2T3F3H

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$22K

$59 / participant

Recordkeeping$22K100.0%

% of EOY assets

0.094%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,331

$47,163+23.7%

$149,696-61.0%

$74,460-21.7%

Participation rate

85.4%

63.4%+22.0pp

78.8%+6.6pp

70.7%+14.7pp

Annual return

17.01%

22.75%-5.7pp

134.46%-117.4pp

34.38%-17.4pp

Employer contribution / active EE

$3,435

$1,907+80.1%

$4,821-28.7%

$2,638+30.2%

Participant deferral / active EE

$4,809

$2,730+76.1%

$5,682-15.4%

$4,530+6.2%

Admin fee / account holder

$55

$343-84.1%

$13,212-99.6%

$348-84.3%

Provider

Service type

Compensation

FID INV INST OPS CO6 years

Service code 15 · EIN 04-2647786

Recordkeeping

$21,837

PACKARD CHILDREN'S HEALTH ALLIANCE 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACKARD CHILDREN'S HEALTH ALLIANCE 403(B) RETIREMENT 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