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 (2024) 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 2024

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.9M

+6.3% from 2023

Total participants

297

-23.3% from 2023

Average account balance

$34,471

+53.1% from 2023

Annual return

13.55%

-4.68 pp from 2023

Benchmarks

See 2,059 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,059 peers

Snapshot2024

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64	Recordkeeping Fees	$69,652
OSAIC WEALTH INC2 years Service code 27	Advisory (Plan)	$41,638
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC Service code 13	Contract Administrator	$6,740
NOVA 401(K) ASSOCIATES1 year Service code 13	Contract Administrator	$2,844
ASCENSUS LLC1 year Filed as: ASCENSUS INC Service code 99	Other Fees	$1,386

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$71K

$443 / participant

Contract admin$71K100.0%

% of EOY assets

0.794%

all-in expense ratio

Categories reported

1 / 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

$34,471

$60,305-42.8%

$81,780-57.8%

$74,400-53.7%

Participation rate

76.3%

62.9%+13.4pp

72.4%+3.9pp

67.2%+9.0pp

Annual return

13.55%

16.89%-3.3pp

776.27%-762.7pp

1367.51%-1354.0pp

Employer contribution / active EE

$2,712

$2,623+3.4%

$2,914-6.9%

$2,624+3.3%

Participant deferral / active EE

$3,472

$3,390+2.4%

$4,321-19.6%

$4,348-20.1%

Admin fee / account holder

$274

$1,484-81.6%

$7,384-96.3%

$1,944-85.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

Recordkeeping Fees

$69,652

OSAIC WEALTH INC2 years

Service code 27

Advisory (Plan)

$41,638

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC

Service code 13

Contract Administrator

$6,740

NOVA 401(K) ASSOCIATES1 year

Service code 13

Contract Administrator

$2,844

ASCENSUS LLC1 year

Filed as: ASCENSUS INC

Service code 99

Other Fees

$1,386

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