Retirement plan

SAINT FRANCIS HEALTHCARE SYSTEM TAX DEFERRED ANNUITY PLAN

Name: SAINT FRANCIS HEALTHCARE SYSTEM - SAINT FRANCIS HEALTHCARE SYSTEM TAX DEFERRED ANNUITY PLAN (2023) Form 5500
Creator: SAINT FRANCIS HEALTHCARE SYSTEM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAINT FRANCIS HEALTHCARE SYSTEM TAX DEFERRED ANNUITY PLAN, SAINT FRANCIS HEALTHCARE SYSTEM

SAINT FRANCIS HEALTHCARE SYSTEMEIN 43-0662499Plan #001PY 2023

211 ST. FRANCIS DRIVE - CAPE GIRARDEAU, MO 63703573-331-3000sfmc.netLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$218.6M

+15.9% from 2022

Total participants

4,135

-3.9% from 2022

Average account balance

$59,578

-24.9% from 2022

Annual return

15.04%

+26.51 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$245.77M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

3,955

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.

86.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$97

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 15 · EIN 84-0467907	Recordkeeping	$326,375
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$5,311
CHARLES SCHWAB & CO., INC.1 year Service code 26 · EIN 94-1737782	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2F2H2K2L

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$349K

$106 / participant

Recordkeeping$326K93.5%
Investment mgmt$5K1.5%
Contract admin$16K4.6%
Other / not subdivided$1K0.4%

% of EOY assets

0.160%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANDERS MINKLER HUBER & HELM, LLP
Auditor EIN: 430831507
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,578

$50,151+18.8%

$149,696-60.2%

$80,157-25.7%

Participation rate

85.9%

64.3%+21.6pp

78.8%+7.1pp

72.9%+13.0pp

Annual return

15.04%

29.80%-14.8pp

134.46%-119.4pp

40.39%-25.3pp

Employer contribution / active EE

$4,038

$1,867+116.3%

$4,821-16.2%

$2,977+35.6%

Participant deferral / active EE

$3,047

$3,194-4.6%

$5,682-46.4%

$5,015-39.2%

Admin fee / account holder

$95

$153-37.7%

$13,212-99.3%

$145-34.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 15 · EIN 84-0467907

Recordkeeping

$326,375

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$5,311

CHARLES SCHWAB & CO., INC.1 year

Service code 26 · EIN 94-1737782

Advisory (Participants)

SAINT FRANCIS HEALTHCARE SYSTEM TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAINT FRANCIS HEALTHCARE SYSTEM TAX DEFERRED ANNUITY 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