Retirement plan

HOPEHEALTH INC SAFE HARBOR 401 (K) PLAN

Name: HOPEHEALTH - HOPEHEALTH INC SAFE HARBOR 401 (K) PLAN (2016) Form 5500
Creator: HOPEHEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOPEHEALTH INC SAFE HARBOR 401 (K) PLAN, HOPEHEALTH

HOPEHEALTHEIN 57-0984427Plan #001PY 2016

P.O. BOX 653 - FLORENCE, SC 29503843-667-9414hope-health.orgLinkedIn501-1000 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.2M

+36.7% from 2015

Total participants

405

+8.9% from 2015

Average account balance

$16,666

+26.0% from 2015

Annual return

6.87%

+8.21 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.71M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

740

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.84M

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

+14.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G2J3D2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

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: THE HOBBS GROUP, PA
Auditor EIN: 570957419
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,666

$36,916-54.9%

$156,551-89.4%

$57,658-71.1%

Participation rate

89.7%

63.4%+26.3pp

84.0%+5.7pp

70.2%+19.5pp

Annual return

6.87%

12.38%-5.5pp

32.23%-25.4pp

5.13%+1.7pp

Employer contribution / active EE

$2,773

$1,571+76.6%

$5,501-49.6%

$1,974+40.5%

Participant deferral / active EE

$2,112

$1,926+9.7%

$4,871-56.7%

$3,061-31.0%

Admin fee / account holder

$82-100.0%

$13,028-100.0%

$95-100.0%

HOPEHEALTH INC SAFE HARBOR 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOPEHEALTH INC SAFE HARBOR 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