Retirement plan

NORTH CAROLINA PHYSICIANS HEALTH PROGRAM 403(B) PLAN

Name: NORTH CAROLINA PHYSICIANS HEALTH PROGRAM - NORTH CAROLINA PHYSICIANS HEALTH PROGRAM 403(B) PLAN (2017) Form 5500
Creator: NORTH CAROLINA PHYSICIANS HEALTH PROGRAM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH CAROLINA PHYSICIANS HEALTH PROGRAM 403(B) PLAN, NORTH CAROLINA PHYSICIANS HEALTH PROGRAM

NORTH CAROLINA PHYSICIANS HEALTH PROGRAMEIN 56-1846599Plan #005PY 2017

220 HORIZON DRIVE, SUITE 201 - RALEIGH, NC 27615919-870-4480

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$949K

-42.9% from 2016

Total participants

+5.9% from 2016

Average account balance

$52,696

-46.1% from 2016

Annual return

8.12%

+0.77 pp from 2016

Benchmarks

See 106,903 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort106,903 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.97M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$218K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1311

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 codes2F2G2L2M3D

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.
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

$967K

$80557 / participant

Other / not subdivided$967K100.0%

% of EOY assets

101.915%

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

$52,696

$198,457-73.4%

$170,435-69.1%

$147,586-64.3%

Participation rate

100.0%

88.0%+12.0pp

83.6%+16.4pp

82.8%+17.2pp

Annual return

8.12%

257.30%-249.2pp

205.94%-197.8pp

578.59%-570.5pp

Employer contribution / active EE

$4,227

$6,183-31.6%

$5,432-22.2%

$4,876-13.3%

Participant deferral / active EE

$5,588

$5,629-0.7%

$4,939+13.1%

$5,439+2.8%

Admin fee / account holder

$53,705

$16,852+218.7%

$13,881+286.9%

$10,886+393.4%

NORTH CAROLINA PHYSICIANS HEALTH PROGRAM 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH CAROLINA PHYSICIANS HEALTH PROGRAM 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