Retirement plan

THE PRESBYTERIAN HOME AT CHARLOTTE, INC. 401(K) PLAN

Name: THE PRESBYTERIAN HOME AT CHARLOTTE INC. - THE PRESBYTERIAN HOME AT CHARLOTTE, INC. 401(K) PLAN (2024) Form 5500
Creator: THE PRESBYTERIAN HOME AT CHARLOTTE INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PRESBYTERIAN HOME AT CHARLOTTE, INC. 401(K) PLAN, THE PRESBYTERIAN HOME AT CHARLOTTE INC.

THE PRESBYTERIAN HOME AT CHARLOTTE INC.dba DBA THE SHARON AT SOUTHPARKEIN 56-6064186Plan #001PY 2024

5100 SHARON ROAD - CHARLOTTE, NC 28210704-553-3815LinkedIn1-10 employeesnon-profit organization management

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.8M

+13.1% from 2023

Total participants

198

+0.5% from 2023

Average account balance

$34,932

+4.5% from 2023

Annual return

11.55%

-4.31 pp from 2023

Benchmarks

See 5,993 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,993 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.85M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

196

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$636K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$204

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
QUANTITATIVE PROCESS, LLC2 years Filed as: QUANTITATIVE PROCESS, INC. Service code 26 · EIN 46-1090088	Advisory (Participants)	$22,587
THE VANGUARD GROUP, INC.10+ years Service code 15 · EIN 23-1945930	Recordkeeping	$20,305
BLUE SKY 401(K) SPECIALISTS, INC.5 years Filed as: BLUE SKY 401K SPECIALISTS, INC. Service code 13 · EIN 81-3622920 1207 CREWS RD · MATTHEWS, NC 28105	Contract Administrator	$2,450

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$40K

$261 / participant

Recordkeeping$15K37.4%
Investment mgmt$23K56.5%
Contract admin$2K6.1%

% of EOY assets

0.584%

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: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,932

$55,470-37.0%

$155,556-77.5%

$74,478-53.1%

Participation rate

98.7%

61.9%+36.8pp

78.2%+20.5pp

67.2%+31.5pp

Annual return

11.55%

269.80%-258.3pp

64.84%-53.3pp

1370.56%-1359.0pp

Employer contribution / active EE

$1,384

$2,267-39.0%

$4,675-70.4%

$2,626-47.3%

Participant deferral / active EE

$2,773

$2,838-2.3%

$5,631-50.8%

$4,350-36.3%

Admin fee / account holder

$204

$1,744-88.3%

$15,885-98.7%

$1,946-89.5%

Provider

Service type

Compensation

QUANTITATIVE PROCESS, LLC2 years

Filed as: QUANTITATIVE PROCESS, INC.

Service code 26 · EIN 46-1090088

Advisory (Participants)

$22,587

THE VANGUARD GROUP, INC.10+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$20,305

BLUE SKY 401(K) SPECIALISTS, INC.5 years

Filed as: BLUE SKY 401K SPECIALISTS, INC.

Service code 13 · EIN 81-3622920

1207 CREWS RD · MATTHEWS, NC 28105

Contract Administrator

$2,450

THE PRESBYTERIAN HOME AT CHARLOTTE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PRESBYTERIAN HOME AT CHARLOTTE, INC. 401(K) 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