Retirement plan

OPEN SYSTEMS HEALTHCARE, INC. 401(K) PLAN

Name: OPEN SYSTEMS HEALTHCARE, INC. - OPEN SYSTEMS HEALTHCARE, INC. 401(K) PLAN (2018) Form 5500
Creator: OPEN SYSTEMS HEALTHCARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPEN SYSTEMS HEALTHCARE, INC. 401(K) PLAN, OPEN SYSTEMS HEALTHCARE, INC.

OPEN SYSTEMS HEALTHCARE, INC.EIN 45-3537934Plan #001PY 2018

1818 MARKET STREET, SUITE 1105 - PHILADELPHIA, PA 19103855-616-2662opensystemshealthcare.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participationLow assets / participantLow participant contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed April 2, 2019 (most recent of 2 filings on file)

Plan administrator

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1818 Market Street, Suite 1105

Philadelphia State: PA Zip Code: 19103

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Plans declared (1)

Open Systems Healthcare, Inc. Nonqualified Deferred Compensation Plan12 emp

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Total assets (EOY)

$912K

No prior year

Total participants

134

No prior year

Average account balance

$18,604

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$904K

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

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.

176.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4404

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

0 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY DW INC Service code 49	Other Services	$2,427
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 49 · EIN 26-4310632	Other Services	$2,427
THE BENEFIT PRACTICE1+ years Service code 49 · EIN 13-4144565	Other Services	$958
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$936
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY GLOBAL Service code 27 · EIN 20-8764829	Advisory (Plan)	$127
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY DW Service code 49 · EIN 94-1671384	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$1K

$8 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.117%

all-in expense ratio

Categories reported

0 / 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: ROSENBLATT,RADEZKY,SCHIFF & TEPPER
Auditor EIN: 132710067
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,604

$73,102-74.6%

$123,552-84.9%

$56,287-66.9%

Participation rate

34.1%

74.3%-40.2pp

82.3%-48.2pp

69.9%-35.7pp

Annual return

0.00%

3.01%-3.0pp

119.20%-119.2pp

-9.96%+10.0pp

Employer contribution / active EE

$2,977-100.0%

$4,628-100.0%

$2,111-100.0%

Participant deferral / active EE

$1,031

$5,423-81.0%

$6,426-84.0%

$3,350-69.2%

Admin fee / account holder

$22

$554-96.1%

$9,285-99.8%

$521-95.8%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY DW INC

Service code 49

Other Services

$2,427

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 49 · EIN 26-4310632

Other Services

$2,427

THE BENEFIT PRACTICE1+ years

Service code 49 · EIN 13-4144565

Other Services

$958

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$936

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY GLOBAL

Service code 27 · EIN 20-8764829

Advisory (Plan)

$127

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY DW

Service code 49 · EIN 94-1671384

Other Services

OPEN SYSTEMS HEALTHCARE, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPEN SYSTEMS HEALTHCARE, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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