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 (2023) 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 2023

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

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$19.3M

+16.2% from 2022

Total participants

421

+15.7% from 2022

Average account balance

$52,117

+0.2% from 2022

Annual return

12.30%

+25.22 pp from 2022

Benchmarks

See 1,011 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,011 peers

Snapshot2023

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 3 by compensation

Provider	Service type	Compensation
DAVENPORT & COMPANY LLC3 years Service code 27 · EIN 54-1835842	Advisory (Plan)	$42,158
PBMARES, LLP5 years Service code 13 · EIN 54-0737372	Contract Administrator	$13,264
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,700

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$49K

$142 / participant

Recordkeeping$3K5.5%
Investment mgmt$42K85.3%
Contract admin$5K9.3%

% of EOY assets

0.256%

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: BROWN, EDWARDS & COMPANY
Auditor EIN: 540504608
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,117

$52,188-0.1%

$86,640-39.8%

$74,460-30.0%

Participation rate

85.4%

66.3%+19.1pp

71.7%+13.7pp

70.7%+14.6pp

Annual return

12.30%

44.46%-32.2pp

592.52%-580.2pp

34.38%-22.1pp

Employer contribution / active EE

$1,470

$2,282-35.6%

$3,024-51.4%

$2,638-44.3%

Participant deferral / active EE

$4,675

$3,383+38.2%

$4,438+5.3%

$4,530+3.2%

Admin fee / account holder

$134

$319-58.1%

$5,616-97.6%

$348-61.6%

Provider

Service type

Compensation

DAVENPORT & COMPANY LLC3 years

Service code 27 · EIN 54-1835842

Advisory (Plan)

$42,158

PBMARES, LLP5 years

Service code 13 · EIN 54-0737372

Contract Administrator

$13,264

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,700

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