Retirement plan

GIFFORD HEALTH CARE, INC. 403(B) RETIREMENT PLAN

Name: GIFFORD HEALTH CARE, INC. - GIFFORD HEALTH CARE, INC. 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: GIFFORD HEALTH CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GIFFORD HEALTH CARE, INC. 403(B) RETIREMENT PLAN, GIFFORD HEALTH CARE, INC.

GIFFORD HEALTH CARE, INC.EIN 46-0938716Plan #002PY 2023

44 SOUTH MAIN STREET, P.O. BOX 2000 - RANDOLPH, VT 05060802-728-2103LinkedIn1-10 employeesmedical practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$65M

+20.8% from 2022

Total participants

1,233

+8.4% from 2022

Average account balance

$53,767

+13.4% from 2022

Annual return

19.48%

+34.65 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

$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
NEW ENGLAND RETIREMENT CONSULTANTS1 year Service code 27 · EIN 20-5322603	Advisory (Plan)	$48,215
TIAA2 years Service code 15 · EIN 13-1624203	Recordkeeping	$33,399

Plan features & details

Pension benefit codes2F2G2L2M2S2T

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$82K

$104 / participant

Recordkeeping$33K40.6%
Investment mgmt$48K58.7%
Other / not subdivided$5640.7%

% of EOY assets

0.127%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BERRY DUNN MCNEIL & PARKER
Auditor EIN: 010523282
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,767

$47,180+14.0%

$149,723-64.1%

$74,473-27.8%

Participation rate

96.8%

63.4%+33.4pp

78.8%+18.1pp

70.7%+26.1pp

Annual return

19.48%

22.75%-3.3pp

134.50%-115.0pp

34.36%-14.9pp

Employer contribution / active EE

$2,070

$1,907+8.5%

$4,821-57.1%

$2,638-21.6%

Participant deferral / active EE

$3,823

$2,730+40.0%

$5,682-32.7%

$4,530-15.6%

Admin fee / account holder

$68

$343-80.2%

$13,215-99.5%

$347-80.4%

Provider

Service type

Compensation

NEW ENGLAND RETIREMENT CONSULTANTS1 year

Service code 27 · EIN 20-5322603

Advisory (Plan)

$48,215

TIAA2 years

Service code 15 · EIN 13-1624203

Recordkeeping

$33,399

GIFFORD HEALTH CARE, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GIFFORD HEALTH CARE, INC. 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