Retirement plan

PRUITTHEALTH, INC EMPLOYEES 401(K) AND PROFIT SHARING PLAN

Name: PRUITTHEALTH, INC - PRUITTHEALTH, INC EMPLOYEES 401(K) AND PROFIT SHARING PLAN (2015) Form 5500
Creator: PRUITTHEALTH, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRUITTHEALTH, INC EMPLOYEES 401(K) AND PROFIT SHARING PLAN, PRUITTHEALTH, INC

PRUITTHEALTH, INCEIN 58-1295697Plan #003PY 2015

1626 JEURGENS COURT - NORCROSS, GA 30093770-279-6200pruitthealth.comLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$672K assets

Prospect flagsLow returnsLow participationLow assets / participantLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed February 7, 2019 (most recent of 2 filings on file)

Plan administrator

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1626 Jeurgens Court

Norcross State: GA Zip Code: 30093

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Plans declared (1)

PruittHealth, Inc. Deferred Compensation Plan104 emp

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Total assets (EOY)

$183.7M

-10.8% from 2016

Total participants

31,372

+14.8% from 2016

Average account balance

$8,101

-97.8% from 2016

Annual return

-0.29%

-6.95 pp from 2016

Benchmarks

See 182 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort182 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$266.96M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

20,746

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.

60.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$976

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

+12.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$64

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1+ years Service code 26 · EIN 26-4310632 2000 WESTCHESTER AVENUE · PURCHASE, NY 10577	Advisory (Participants)	$596,733
CPI QUALIFIED PLAN CONSULTANTS, INC1+ years Service code 12 · EIN 48-1205033 1809 24TH STREET · GREAT BEND, KS 67530	Direct payment from the plan; Recordk...	$401,919
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO INSTITUTIONAL RETIRE. Service code 15 · EIN 22-1147033 9210 CORPORATE BLVD · ROCKDALE, MD 20850	Recordkeeping	$88,067
FIRST STATE TRUST COMPANY1+ years Service code 21 · EIN 13-3124172 824 MARKET STREET · WILMINGTON, DE 19801	Bank Trustee	$47,283
JOHNSON & FIELDS, LLC1+ years Service code 10 · EIN 45-2660375 161 E DOYLE ST · TOCCOA, GA 30577	Accounting	$35,465
CPI QUALIFIED PLAN CONSULTANTS, INC1+ years Filed as: CPI QUALIFIED PLAN CONSULTANTS 48-1 Service code 12	Claims processing; Sub-transfer agenc...	$23,522
BURCH CROOMS AND COMPANY, LLP1+ years Service code 10 · EIN 26-1582236 25 CHANDLER CENTER · HARTWELL, GA 30643	Accounting	$23,430

Plan features & details

Pension benefit codes2E2F2H2J2K2T3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$62 / participant

Investment mgmt$597K48.6%
Contract admin$440K35.8%
Other / not subdivided$191K15.6%

% of EOY assets

0.669%

all-in expense ratio

Categories reported

2 / 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: JOHNSON & FIELDS, LLC
Auditor EIN: 452260375
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,101

$46,516-82.6%

$147,618-94.5%

$69,651-88.4%

Participation rate

55.8%

65.8%-10.0pp

84.6%-28.8pp

66.6%-10.7pp

Annual return

-0.29%

9.48%-9.8pp

61.98%-62.3pp

53.77%-54.1pp

Employer contribution / active EE

$388

$1,393-72.2%

$5,564-93.0%

$2,241-82.7%

Participant deferral / active EE

$619

$2,719-77.2%

$4,895-87.4%

$3,635-83.0%

Admin fee / account holder

$54

$45+21.0%

$11,612-99.5%

$63-14.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1+ years

Service code 26 · EIN 26-4310632

2000 WESTCHESTER AVENUE · PURCHASE, NY 10577

Advisory (Participants)

$596,733

CPI QUALIFIED PLAN CONSULTANTS, INC1+ years

Service code 12 · EIN 48-1205033

1809 24TH STREET · GREAT BEND, KS 67530

Direct payment from the plan; Recordk...

$401,919

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO INSTITUTIONAL RETIRE.

Service code 15 · EIN 22-1147033

9210 CORPORATE BLVD · ROCKDALE, MD 20850

Recordkeeping

$88,067

FIRST STATE TRUST COMPANY1+ years

Service code 21 · EIN 13-3124172

824 MARKET STREET · WILMINGTON, DE 19801

Bank Trustee

$47,283

JOHNSON & FIELDS, LLC1+ years

Service code 10 · EIN 45-2660375

161 E DOYLE ST · TOCCOA, GA 30577

Accounting

$35,465

CPI QUALIFIED PLAN CONSULTANTS, INC1+ years

Filed as: CPI QUALIFIED PLAN CONSULTANTS 48-1

Service code 12

Claims processing; Sub-transfer agenc...

$23,522

BURCH CROOMS AND COMPANY, LLP1+ years

Service code 10 · EIN 26-1582236

25 CHANDLER CENTER · HARTWELL, GA 30643

Accounting

$23,430

PRUITTHEALTH, INC EMPLOYEES 401(K) AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRUITTHEALTH, INC EMPLOYEES 401(K) AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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