Retirement plan

FAMILY HEALTH CENTERS, INC. 403B PLAN

Name: FAMILY HEALTH CENTERS, INC. - FAMILY HEALTH CENTERS, INC. 403B PLAN (2021) Form 5500
Creator: FAMILY HEALTH CENTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY HEALTH CENTERS, INC. 403B PLAN, FAMILY HEALTH CENTERS, INC.

FAMILY HEALTH CENTERS, INC.EIN 57-0524498Plan #002PY 2021

P. O. BOX 1806 - ORANGEBURG, SC 291161806803-531-6900myfhc.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9M

+17.3% from 2020

Total participants

206

+3.5% from 2020

Average account balance

$50,627

+14.0% from 2020

Annual return

13.81%

+0.70 pp from 2020

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.37M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

193

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.

77.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$661K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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
STANLEY BENEFIT SERVICES, INC.7+ years Filed as: STANLEY BENEFITS Service code 15 · EIN 20-4006400	Recordkeeping	$22,975
FUND DIRECT ADVISORS7+ years Service code 26 · EIN 27-3584365	Advisory (Participants)	$19,683
MATRIX TRUST COMPANY1 year Service code 21 · EIN 75-3182674	Bank Trustee	$4,684

Plan features & details

Pension benefit codes2F2G2K2T2M3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$47K

$343 / participant

Investment mgmt$20K41.6%
Contract admin$23K48.5%
Other / not subdivided$5K9.9%

% of EOY assets

0.528%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TERRY HORNE, CPA
Auditor EIN: 621867889
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,627

$61,172-17.2%

$185,851-72.8%

$79,389-36.2%

Participation rate

79.0%

66.6%+12.4pp

81.7%-2.7pp

70.7%+8.3pp

Annual return

13.81%

19.45%-5.6pp

122.11%-108.3pp

116.89%-103.1pp

Employer contribution / active EE

$1,523

$2,321-34.4%

$5,168-70.5%

$2,428-37.3%

Participant deferral / active EE

$3,337

$2,788+19.7%

$5,569-40.1%

$4,046-17.5%

Admin fee / account holder

$268

$710-62.3%

$16,245-98.4%

$626-57.3%

Provider

Service type

Compensation

STANLEY BENEFIT SERVICES, INC.7+ years

Filed as: STANLEY BENEFITS

Service code 15 · EIN 20-4006400

Recordkeeping

$22,975

FUND DIRECT ADVISORS7+ years

Service code 26 · EIN 27-3584365

Advisory (Participants)

$19,683

MATRIX TRUST COMPANY1 year

Service code 21 · EIN 75-3182674

Bank Trustee

$4,684

FAMILY HEALTH CENTERS, INC. 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY HEALTH CENTERS, INC. 403B 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