Retirement plan

SOUTH CAROLINA OFFICE OF RURAL HEALTH TAX DEFERRED ANNUITY PLAN

Name: SOUTH CAROLINA OFFICE OF RURAL HEALTH - SOUTH CAROLINA OFFICE OF RURAL HEALTH TAX DEFERRED ANNUITY PLAN (2023) Form 5500
Creator: SOUTH CAROLINA OFFICE OF RURAL HEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH CAROLINA OFFICE OF RURAL HEALTH TAX DEFERRED ANNUITY PLAN, SOUTH CAROLINA OFFICE OF RURAL HEALTH

SOUTH CAROLINA OFFICE OF RURAL HEALTHEIN 57-1006495Plan #004PY 2023

107 SALUDA POINTE DRIVE - LEXINGTON, SC 29072803-454-3850

Other plans on this EIN

1 filing

#003Retirement-$1.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

+40.6% from 2022

Total participants

0.0% from 2022

Average account balance

$39,459

+40.6% from 2022

Annual return

25.81%

+45.27 pp from 2022

Benchmarks

See 28,703 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.99M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

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.

142.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$273K

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

+74.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3156

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

0 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 codes2F2G2L2M2T3D3F

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$19K

$382 / participant

Other / not subdivided$19K100.0%

% of EOY assets

1.153%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,459

$93,617-57.9%

$135,982-71.0%

$75,177-47.5%

Participation rate

82.0%

75.2%+6.8pp

81.9%+0.1pp

67.2%+14.8pp

Annual return

25.81%

30.89%-5.1pp

68.32%-42.5pp

160.75%-134.9pp

Employer contribution / active EE

$1,045

$3,538-70.5%

$4,859-78.5%

$2,671-60.9%

Participant deferral / active EE

$2,743

$6,406-57.2%

$7,760-64.6%

$4,126-33.5%

Admin fee / account holder

$455

$6,980-93.5%

$10,767-95.8%

$5,651-91.9%

SOUTH CAROLINA OFFICE OF RURAL HEALTH TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH CAROLINA OFFICE OF RURAL HEALTH TAX DEFERRED 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