Retirement plan

GIFFORD HEALTH CARE 403(B) RETIREMENT PLAN

Name: GIFFORD HEALTH CARE, INC - GIFFORD HEALTH CARE 403(B) RETIREMENT PLAN (2017) Form 5500
Creator: GIFFORD HEALTH CARE, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GIFFORD HEALTH CARE 403(B) RETIREMENT PLAN, GIFFORD HEALTH CARE, INC

GIFFORD HEALTH CARE, INCEIN 46-0938716Plan #002PY 2017

44 SOUTH MAIN STREET, PO BOX 2000 - RANDOLPH, VT 050602000802-728-2103LinkedIn1-10 employeesmedical practice

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$48.1M

+17.2% from 2016

Total participants

925

+5.1% from 2016

Average account balance

$54,898

+9.5% from 2016

Annual return

16.61%

+6.14 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$74.10M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

1,247

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.66M

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

+16.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$82

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 2 by compensation

Provider	Service type	Compensation
VALIC RETIREMENT SERVICES COMPANY1 year Service code 51 · EIN 51-0396365	Investment Mgmt Fees	$83,314
METLIFE LIFE INSURANCE COMPANY2 years Service code 64 11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2F2G2K2L2M2T

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.

Opportunity flags

1 tripped

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

$83K

$129 / participant

Investment mgmt$83K100.0%

% of EOY assets

0.173%

all-in expense ratio

Categories reported

1 / 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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,898

$46,173+18.9%

$170,435-67.8%

$69,631-21.2%

Participation rate

92.4%

63.9%+28.5pp

83.6%+8.8pp

70.7%+21.7pp

Annual return

16.61%

21.62%-5.0pp

205.94%-189.3pp

27571.02%-27554.4pp

Employer contribution / active EE

$2,199

$1,610+36.6%

$5,432-59.5%

$2,032+8.2%

Participant deferral / active EE

$3,633

$2,080+74.7%

$4,939-26.4%

$3,224+12.7%

Admin fee / account holder

$95

$116-18.0%

$13,881-99.3%

$110-13.9%

Provider

Service type

Compensation

VALIC RETIREMENT SERVICES COMPANY1 year

Service code 51 · EIN 51-0396365

Investment Mgmt Fees

$83,314

METLIFE LIFE INSURANCE COMPANY2 years

Service code 64

11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277

Recordkeeping Fees

GIFFORD HEALTH CARE 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GIFFORD HEALTH CARE 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