Retirement plan

GRACEMED HEALTH CLINIC, INC. 403(B) RETIREMENT PLAN

Name: GRACEMED HEALTH CLINIC, INC. - GRACEMED HEALTH CLINIC, INC. 403(B) RETIREMENT PLAN (2016) Form 5500
Creator: GRACEMED HEALTH CLINIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRACEMED HEALTH CLINIC, INC. 403(B) RETIREMENT PLAN, GRACEMED HEALTH CLINIC, INC.

GRACEMED HEALTH CLINIC, INC.EIN 48-1159633Plan #001PY 2016

1122 NORTH TOPEKA - WICHITA, KS 672142810316-866-2049gracemed.orgLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participationLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$1.7M

+32.2% from 2015

Total participants

263

+27.7% from 2015

Average account balance

$12,319

+13.4% from 2015

Annual return

8.16%

+8.88 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.21M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

303

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.

56.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$933K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G2K2L2M2T

Plan features

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$10 / participant

Contract admin$2K100.0%

% of EOY assets

0.131%

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: ALLEN GIBBS & HOULIK, LC
Auditor EIN: 481032601
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,319

$46,732-73.6%

$156,551-92.1%

$55,167-77.7%

Participation rate

44.3%

65.8%-21.5pp

84.0%-39.7pp

69.0%-24.7pp

Annual return

8.16%

17.72%-9.6pp

32.23%-24.1pp

169.23%-161.1pp

Employer contribution / active EE

$431

$2,105-79.5%

$5,501-92.2%

$1,963-78.1%

Participant deferral / active EE

$1,536

$2,204-30.3%

$4,871-68.5%

$3,054-49.7%

Admin fee / account holder

$16

$418-96.2%

$13,028-99.9%

$504-96.8%

GRACEMED HEALTH CLINIC, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRACEMED HEALTH CLINIC, 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