Retirement plan

WE ARE SHARING HOPE SC RETIREMENT PLAN

Name: WE ARE SHARING HOPE SC - WE ARE SHARING HOPE SC RETIREMENT PLAN (2024) Form 5500
Creator: WE ARE SHARING HOPE SC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WE ARE SHARING HOPE SC RETIREMENT PLAN, WE ARE SHARING HOPE SC

WE ARE SHARING HOPE SCEIN 57-0875658Plan #002PY 2024

2215 HENRY TECKLENBURG DR. - CHARLESTON, SC 29414843-763-7755sharinghopesc.orgLinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.7M

+12.0% from 2023

Total participants

167

+7.7% from 2023

Average account balance

$53,353

+6.5% from 2023

Annual return

14.21%

-19.02 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

$8.70M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

163

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$897K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$313

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 INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$48,021
COMMONWEALTH FINANCIAL NETWORK2 years Filed as: COMMONWEALTH EQUITY SERVICES, LLC Service code 27 29 SAWYER ROAD · WALTHAM, MA 02453	Advisory (Plan)	$33,718
NWRPC LLC1 year Service code 13 413 29TH ST NE · PUYALLUP, WA 98372	Contract Administrator	$5,762
ASCENSUS LLC3 years Filed as: ASCENSUS INC Service code 99	Other Fees	$1,304
ASCENSUS LLC2 years Filed as: ASCENSUS, INC. Service code 99 1102 CHESTNUT HILLS PARKWAY · FORT WAYNE, IN 46814	Other Fees	$0

Plan features & details

Pension benefit codes2E2F2J2T3D2K2S

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).
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$51K

$443 / participant

Contract admin$51K100.0%

% of EOY assets

0.586%

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: ELLIOTT DAVIS, LLC
Auditor EIN: 570381582
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,353

$55,470-3.8%

$155,556-65.7%

$74,478-28.4%

Participation rate

96.5%

61.9%+34.6pp

78.2%+18.3pp

67.2%+29.3pp

Annual return

14.21%

269.80%-255.6pp

64.84%-50.6pp

1370.56%-1356.4pp

Employer contribution / active EE

$2,812

$2,267+24.1%

$4,675-39.9%

$2,626+7.1%

Participant deferral / active EE

$4,991

$2,838+75.9%

$5,631-11.4%

$4,350+14.7%

Admin fee / account holder

$313

$1,744-82.1%

$15,885-98.0%

$1,946-83.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$48,021

COMMONWEALTH FINANCIAL NETWORK2 years

Filed as: COMMONWEALTH EQUITY SERVICES, LLC

Service code 27

29 SAWYER ROAD · WALTHAM, MA 02453

Advisory (Plan)

$33,718

NWRPC LLC1 year

Service code 13

413 29TH ST NE · PUYALLUP, WA 98372

Contract Administrator

$5,762

ASCENSUS LLC3 years

Filed as: ASCENSUS INC

Service code 99

Other Fees

$1,304

ASCENSUS LLC2 years

Filed as: ASCENSUS, INC.

Service code 99

1102 CHESTNUT HILLS PARKWAY · FORT WAYNE, IN 46814

Other Fees

WE ARE SHARING HOPE SC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WE ARE SHARING HOPE SC RETIREMENT 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