Retirement plan

GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401K PLAN

Name: GIBSON AREA HOSPITAL & HEALTH SERVICES - GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401K PLAN (2019) Form 5500
Creator: GIBSON AREA HOSPITAL & HEALTH SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401K PLAN, GIBSON AREA HOSPITAL & HEALTH SERVICES

GIBSON AREA HOSPITAL & HEALTH SERVICESEIN 37-0647938Plan #003PY 2019

PO BOX 429 - GIBSON CITY, IL 60936217-784-2614gibsonhospital.orgLinkedIn501-1000 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$1.2M assets

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed June 29, 2010

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$32.8M

+21.6% from 2018

Total participants

891

-1.1% from 2018

Average account balance

$47,041

+18.8% from 2018

Annual return

22.03%

+27.21 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$70.71M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

803

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.

57.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.78M

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

+17.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$573

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 4 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB & CO., INC Service code 49 · EIN 94-1737782	Other Services	$88,897
BUSEY WEALTH MANAGEMENT1 year Filed as: BUSEY BANK Service code 24 · EIN 37-0613731 201 W. MAIN STREET · URBANA, IA 61801	Discretionary Trustee	$85,057
ALLIANCE BENEFIT GROUP5+ years Filed as: ALLIANCE BENEFIT GROUP OF IL Service code 15 · EIN 37-0899315 465 FULTON STREET · PEORIA, IL 61602	Recordkeeping	$84,995
BENEFIT PLANNING CONSULTANTS1 year Filed as: BENEFIT PLANNING CONSULTANTS, INC. Service code 12 · EIN 36-3036100 2110 CLEARLAKE BLVD., SUITE 200 · CHAMPAIGN, IL 61822	Plan Administrator; Direct payment fr...	$6,559

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$266K

$329 / participant

Contract admin$260K97.5%
Other / not subdivided$7K2.5%

% of EOY assets

0.811%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ECKE, SCHAFER, & PUNKE, LLP
Auditor EIN: 371335000
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,041

$62,928-25.2%

$172,739-72.8%

$67,579-30.4%

Participation rate

76.1%

64.5%+11.7pp

82.6%-6.5pp

71.3%+4.9pp

Annual return

22.03%

30.36%-8.3pp

802.84%-780.8pp

378.56%-356.5pp

Employer contribution / active EE

$1,630

$1,636-0.4%

$5,143-68.3%

$2,148-24.1%

Participant deferral / active EE

$2,960

$2,145+38.0%

$5,198-43.0%

$3,539-16.4%

Admin fee / account holder

$382

$167+129.0%

$13,954-97.3%

$142+168.2%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.5+ years

Filed as: CHARLES SCHWAB & CO., INC

Service code 49 · EIN 94-1737782

Other Services

$88,897

BUSEY WEALTH MANAGEMENT1 year

Filed as: BUSEY BANK

Service code 24 · EIN 37-0613731

201 W. MAIN STREET · URBANA, IA 61801

Discretionary Trustee

$85,057

ALLIANCE BENEFIT GROUP5+ years

Filed as: ALLIANCE BENEFIT GROUP OF IL

Service code 15 · EIN 37-0899315

465 FULTON STREET · PEORIA, IL 61602

Recordkeeping

$84,995

BENEFIT PLANNING CONSULTANTS1 year

Filed as: BENEFIT PLANNING CONSULTANTS, INC.

Service code 12 · EIN 36-3036100

2110 CLEARLAKE BLVD., SUITE 200 · CHAMPAIGN, IL 61822

Plan Administrator; Direct payment fr...

$6,559

GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401K PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401K PLAN

Top hat statement on fileNQDC

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