Retirement plan

EASTERN SHORE RURAL HEALTH SYSTEM, INC. 403(B) PLAN

Name: EASTERN SHORE RURAL HEALTH SYSTEM, INC. - EASTERN SHORE RURAL HEALTH SYSTEM, INC. 403(B) PLAN (2020) Form 5500
Creator: EASTERN SHORE RURAL HEALTH SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTERN SHORE RURAL HEALTH SYSTEM, INC. 403(B) PLAN, EASTERN SHORE RURAL HEALTH SYSTEM, INC.

EASTERN SHORE RURAL HEALTH SYSTEM, INC.EIN 51-0196935Plan #001PY 2020

20280 MARKET STREET - ONANCOCK, VA 23417757-414-0400esrh.orgLinkedIn201-500 employeesgovernment administration

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$18.9M

+19.7% from 2019

Total participants

336

+6.7% from 2019

Average account balance

$61,613

+8.8% from 2019

Annual return

11.71%

-8.52 pp from 2019

Benchmarks

See 874 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort874 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.81M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

343

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.

82.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$166

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 10 of 12 by compensation

Provider	Service type	Compensation
SECURITIES AMERICA INC4 years Filed as: BB&T SECURITIES LLC Service code 53 · EIN 20-5817590	Insurance Commissions	$46,437
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$12,153
BKD, LLP6+ years Filed as: DIXON HUGHES GOODMAN LLP Service code 13 · EIN 56-0747981	Contract Administrator	$8,176
PBMARES, LLP2 years Filed as: PBMARES, LLP - NORFOLK Service code 13	Contract Administrator	$2,472
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
EATON VANCE4 years Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT4 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY Service code 52 · EIN 36-3145972	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2F2G2K2L2M2T3D

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.
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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$12K

$41 / participant

Investment mgmt$8K66.3%
Contract admin$4K33.7%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

2 / 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: BROWN, EDWARDS & COMPANY
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,613

$52,722+16.9%

$90,440-31.9%

$73,412-16.1%

Participation rate

90.3%

67.7%+22.5pp

72.7%+17.6pp

72.2%+18.1pp

Annual return

11.71%

20.70%-9.0pp

1294.38%-1282.7pp

59.30%-47.6pp

Employer contribution / active EE

$1,482

$1,872-20.8%

$3,263-54.6%

$2,234-33.7%

Participant deferral / active EE

$4,079

$2,810+45.2%

$3,964+2.9%

$3,806+7.2%

Admin fee / account holder

$40

$117-66.1%

$5,615-99.3%

$158-74.9%

Provider

Service type

Compensation

SECURITIES AMERICA INC4 years

Filed as: BB&T SECURITIES LLC

Service code 53 · EIN 20-5817590

Insurance Commissions

$46,437

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$12,153

BKD, LLP6+ years

Filed as: DIXON HUGHES GOODMAN LLP

Service code 13 · EIN 56-0747981

Contract Administrator

$8,176

PBMARES, LLP2 years

Filed as: PBMARES, LLP - NORFOLK

Service code 13

Contract Administrator

$2,472

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

EATON VANCE4 years

Service code 52 · EIN 04-2325690

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 93-6305075

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT4 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY

Service code 52 · EIN 36-3145972

Indirect Investment Fees

EASTERN SHORE RURAL HEALTH SYSTEM, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTERN SHORE RURAL HEALTH SYSTEM, INC. 403(B) 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