Retirement plan

HOT SPRINGS HEALTH PROGRAM, INC 403(B) PROGRAM FOR ACTIVE EMPLOYEES HIRED BEFORE 01/01/2009

Name: HOT SPRINGS HEALTH PROGRAM, INC. - HOT SPRINGS HEALTH PROGRAM, INC 403(B) PROGRAM FOR ACTIVE EMPLOYEES HIRED BEFORE 01/01/2009 (2021) Form 5500
Creator: HOT SPRINGS HEALTH PROGRAM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOT SPRINGS HEALTH PROGRAM, INC 403(B) PROGRAM FOR ACTIVE EMPLOYEES HIRED BEFORE 01/01/2009, HOT SPRINGS HEALTH PROGRAM, INC.

HOT SPRINGS HEALTH PROGRAM, INC.EIN 56-0986537Plan #002PY 2021

P.O. BOX 69 - MARSHALL, NC 28753828-649-9566LinkedIn51-200 employees

Other plans on this EIN

1 filing

#003Retirement-$3.2M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5M

-23.7% from 2020

Total participants

-11.4% from 2020

Average account balance

$129,032

-13.9% from 2020

Annual return

9.65%

-0.35 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.15M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

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.

115.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$170K

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

+9.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21487

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

0 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 codes2F2G2L2M2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2.5M

$79175 / participant

Other / not subdivided$2M100.0%

% of EOY assets

48.774%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,032

$95,406+35.2%

$185,849-30.6%

$85,847+50.3%

Participation rate

100.0%

68.8%+31.2pp

81.7%+18.3pp

69.3%+30.7pp

Annual return

9.65%

23.59%-13.9pp

122.10%-112.4pp

318.61%-309.0pp

Employer contribution / active EE

$2,345

$3,314-29.2%

$5,169-54.6%

$2,565-8.6%

Participant deferral / active EE

$5,167

$3,424+50.9%

$5,569-7.2%

$3,952+30.7%

Admin fee / account holder

$62,934

$7,214+772.4%

$16,244+287.4%

$6,261+905.2%

HOT SPRINGS HEALTH PROGRAM, INC 403(B) PROGRAM FOR ACTIVE EMPLOYEES HIRED BEFORE 01/01/2009

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOT SPRINGS HEALTH PROGRAM, INC 403(B) PROGRAM FOR ACTIVE EMPLOYEES HIRED BEFORE 01/01/2009

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