Retirement plan

FETTER HEALTH CARE NETWORK, INC. 403(B) TAX-SHELTERED ANNUITY PLAN

Name: FETTER HEALTH CARE NETWORK, INC. - FETTER HEALTH CARE NETWORK, INC. 403(B) TAX-SHELTERED ANNUITY PLAN (2018) Form 5500
Creator: FETTER HEALTH CARE NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FETTER HEALTH CARE NETWORK, INC. 403(B) TAX-SHELTERED ANNUITY PLAN, FETTER HEALTH CARE NETWORK, INC.

FETTER HEALTH CARE NETWORK, INC.EIN 57-0604703Plan #002PY 2018

51 NASSAU STREET - CHARLESTON, SC 29403843-722-4112fetterhealthcare.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.1M

-0.8% from 2017

Total participants

187

+5.6% from 2017

Average account balance

$22,085

-33.7% from 2017

Annual return

-3.06%

-19.93 pp from 2017

Benchmarks

See 1,738 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,738 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.93M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

259

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.

76.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$989K

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$274

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 10 of 17 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$40,245
GOLDLEAF PARTNERS1 year Filed as: GOLDLEAF PARTNERS SERVICES, INC. Service code 13 · EIN 45-0514557	Contract Administrator	$15,958
ROYAL ALLIANCE ASSOCIATES INC1 year Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 27 · EIN 93-0987232	Advisory (Plan)	$14,438
NATIONWIDE4+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$4,027
ROYAL ALLIANCE ASSOCIATES INC2 years Filed as: ROYAL ALLIANCE ASSOC, INC. Service code 26 10 EXCHANGE PLACE, SUITE 1410 · JERSEY CITY, NJ 07302	Advisory (Participants)	$2,704
PENSION FINANCIAL SERVICES, INC.2 years Filed as: PENSION FINANCIAL SERVICES Service code 13	Contract Administrator	$676
PENSION FINANCIAL SERVICES, INC.2 years Filed as: PENSION FINANCIAL SVCS INC Service code 13 3700 CRESTWOOD PARKWAY, SUITE 550 · DULUTH, GA 30096	Contract Administrator	$120
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 28 · EIN 61-1732930	Investment Management	$0

Plan features & details

Pension benefit codes2F2G2K2M2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$58K

$424 / participant

Contract admin$58K100.0%

% of EOY assets

1.438%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,085

$44,873-50.8%

$79,466-72.2%

$56,287-60.8%

Participation rate

97.8%

68.7%+29.1pp

73.3%+24.5pp

69.9%+28.0pp

Annual return

-3.06%

0.81%-3.9pp

718.28%-721.3pp

-9.96%+6.9pp

Employer contribution / active EE

$1,361

$2,140-36.4%

$2,800-51.4%

$2,111-35.5%

Participant deferral / active EE

$1,994

$2,746-27.4%

$3,704-46.2%

$3,350-40.5%

Admin fee / account holder

$318

$418-24.1%

$5,104-93.8%

$521-39.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$40,245

GOLDLEAF PARTNERS1 year

Filed as: GOLDLEAF PARTNERS SERVICES, INC.

Service code 13 · EIN 45-0514557

Contract Administrator

$15,958

ROYAL ALLIANCE ASSOCIATES INC1 year

Filed as: ROYAL ALLIANCE ASSOCIATES, INC.

Service code 27 · EIN 93-0987232

Advisory (Plan)

$14,438

NATIONWIDE4+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$4,027

ROYAL ALLIANCE ASSOCIATES INC2 years

Filed as: ROYAL ALLIANCE ASSOC, INC.

Service code 26

10 EXCHANGE PLACE, SUITE 1410 · JERSEY CITY, NJ 07302

Advisory (Participants)

$2,704

PENSION FINANCIAL SERVICES, INC.2 years

Filed as: PENSION FINANCIAL SERVICES

Service code 13

Contract Administrator

$676

PENSION FINANCIAL SERVICES, INC.2 years

Filed as: PENSION FINANCIAL SVCS INC

Service code 13

3700 CRESTWOOD PARKWAY, SUITE 550 · DULUTH, GA 30096

Contract Administrator

$120

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 51-0318674

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 28 · EIN 61-1732930

Investment Management

FETTER HEALTH CARE NETWORK, INC. 403(B) TAX-SHELTERED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FETTER HEALTH CARE NETWORK, INC. 403(B) TAX-SHELTERED ANNUITY 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