Retirement plan

SUN BEHAVIORAL HEALTH, INC. 401(K) PLAN

Name: SUN BEHAVIORAL HEALTH, INC. - SUN BEHAVIORAL HEALTH, INC. 401(K) PLAN (2023) Form 5500
Creator: SUN BEHAVIORAL HEALTH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUN BEHAVIORAL HEALTH, INC. 401(K) PLAN, SUN BEHAVIORAL HEALTH, INC.

SUN BEHAVIORAL HEALTH, INC.EIN 46-3864259Plan #001PY 2023

PO BOX 4394 - BRICK, NJ 08723732-747-1800sunbehavioral.comLinkedIn201-500 employeesmental health care

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$11.3M

+41.0% from 2022

Total participants

1,489

+29.3% from 2022

Average account balance

$15,063

+31.6% from 2022

Annual return

18.95%

+35.77 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

$15.36M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

933

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.

59.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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 2 by compensation

Provider	Service type	Compensation
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Filed as: ONEDIGITAL INVESTMENT ADVISORS Service code 99 · EIN 43-1451524	Other Fees	$7,039
VOYA RETIREMENT INSURANCE & ANNUITY1 year Service code 64 · EIN 71-0294708	Recordkeeping Fees	$3,035

Plan features & details

Pension benefit codes2E2F2G2I2K3D3H

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.
2I
Stock bonus
Stock bonus plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$105K

$89 / participant

Recordkeeping$12K11.2%
Investment mgmt$34K31.9%
Contract admin$59K56.3%
Other / not subdivided$5500.5%

% of EOY assets

0.931%

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: CALVETTI FERGUSON LLC
Auditor EIN: 134255527
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,063

$50,151-70.0%

$149,696-89.9%

$80,157-81.2%

Participation rate

37.4%

64.3%-26.9pp

78.8%-41.4pp

72.9%-35.6pp

Annual return

18.95%

29.80%-10.9pp

134.46%-115.5pp

40.39%-21.4pp

Employer contribution / active EE

$814

$1,867-56.4%

$4,821-83.1%

$2,977-72.7%

Participant deferral / active EE

$1,469

$3,194-54.0%

$5,682-74.1%

$5,015-70.7%

Admin fee / account holder

$140

$153-8.1%

$13,212-98.9%

$145-3.2%

Provider

Service type

Compensation

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Filed as: ONEDIGITAL INVESTMENT ADVISORS

Service code 99 · EIN 43-1451524

Other Fees

$7,039

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$3,035

SUN BEHAVIORAL HEALTH, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUN BEHAVIORAL HEALTH, INC. 401(K) 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