Retirement plan

GROUP HEALTH COOPERATIVE OF SOUTH CENTRAL WISCONSIN 403(B) PLAN

Name: GROUP HEALTH COOPERATIVE OF SOUTH CENTRAL WISCONSIN - GROUP HEALTH COOPERATIVE OF SOUTH CENTRAL WISCONSIN 403(B) PLAN (2023) Form 5500
Creator: GROUP HEALTH COOPERATIVE OF SOUTH CENTRAL WISCONSIN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GROUP HEALTH COOPERATIVE OF SOUTH CENTRAL WISCONSIN 403(B) PLAN, GROUP HEALTH COOPERATIVE OF SOUTH CENTRAL WISCONSIN

GROUP HEALTH COOPERATIVE OF SOUTH CENTRAL WISCONSINEIN 39-1199466Plan #002PY 2023

1265 JOHN Q. HAMMONS DR. - MADISON, WI 537171962608-251-4156ghcscw.comLinkedIn501-1000 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$50.2M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$81.1M

+22.1% from 2022

Total participants

1,014

-0.2% from 2022

Average account balance

$80,005

+20.4% from 2022

Annual return

19.95%

+37.34 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$93.08M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

1,002

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$110

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 4 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.3 years Service code 15 · EIN 91-0675641	Recordkeeping	$66,379
ASCENSUS LLC7 years Filed as: FRANCIS INVESTMENT COUNSEL Service code 27 · EIN 90-0142264	Advisory (Plan)	$45,304
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$7,783
CHARLES SCHWAB & CO., INC.4 years Service code 19 · EIN 94-1737782	Securities Custodian	$0

Plan features & details

Pension benefit codes2F2G2K2L2M2T3D

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.
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.
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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$119K

$161 / participant

Recordkeeping$66K55.6%
Trustee / custodial$8K6.5%
Investment mgmt$45K37.9%

% of EOY assets

0.147%

all-in expense ratio

Categories reported

3 / 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: GRANT THORNTON, LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,005

$47,180+69.6%

$149,723-46.6%

$74,473+7.4%

Participation rate

100.0%

63.4%+36.6pp

78.8%+21.2pp

70.7%+29.3pp

Annual return

19.95%

22.75%-2.8pp

134.50%-114.5pp

34.36%-14.4pp

Employer contribution / active EE

$4,398

$1,907+130.6%

$4,821-8.8%

$2,638+66.7%

Participant deferral / active EE

$6,992

$2,730+156.1%

$5,682+23.0%

$4,530+54.3%

Admin fee / account holder

$118

$343-65.7%

$13,215-99.1%

$347-66.1%

Provider

Service type

Compensation

MILLIMAN, INC.3 years

Service code 15 · EIN 91-0675641

Recordkeeping

$66,379

ASCENSUS LLC7 years

Filed as: FRANCIS INVESTMENT COUNSEL

Service code 27 · EIN 90-0142264

Advisory (Plan)

$45,304

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$7,783

CHARLES SCHWAB & CO., INC.4 years

Service code 19 · EIN 94-1737782

Securities Custodian

GROUP HEALTH COOPERATIVE OF SOUTH CENTRAL WISCONSIN 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GROUP HEALTH COOPERATIVE OF SOUTH CENTRAL WISCONSIN 403(B) 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