Retirement plan

CHURCH HEALTH CENTER EMPLOYEE RETIREMENT PLAN

Name: CHURCH HEALTH CENTER OF MEMPHIS, INC. - CHURCH HEALTH CENTER EMPLOYEE RETIREMENT PLAN (2020) Form 5500
Creator: CHURCH HEALTH CENTER OF MEMPHIS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHURCH HEALTH CENTER EMPLOYEE RETIREMENT PLAN, CHURCH HEALTH CENTER OF MEMPHIS, INC.

CHURCH HEALTH CENTER OF MEMPHIS, INC.EIN 58-1716113Plan #002PY 2020

1350 CONCOURSE AVE - SUITE 142 - MEMPHIS, TN 38104901-272-0003LinkedIn201-500 employeesmedical practice

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$9.1M

+15.6% from 2019

Total participants

374

+3.0% from 2019

Average account balance

$27,019

+10.8% from 2019

Annual return

10.05%

+5.83 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.74M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

349

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.

90.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.09M

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

+11.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$96

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 2 by compensation

Provider	Service type	Compensation
PIERCE, FENNER AND SMITH5+ years Filed as: PIERCE FINANCIAL Service code 26 6465 N. QUAIL HOLLOW SUITE 200 · MEMPHIS, TN 38120	Advisory (Participants)	$28,174
EMPLOYEE FIDUCIARY, LLC5+ years Filed as: EMPLOYEE FIDUCIARY Service code 15 1100 DAUPHIN STREET - SUITE B · MOBILE, AL 36604	Recordkeeping	$1,600

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

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.
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.
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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$30K

$134 / participant

Investment mgmt$28K93.0%
Other / not subdivided$2K7.0%

% of EOY assets

0.335%

all-in expense ratio

Categories reported

1 / 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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,019

$66,124-59.1%

$90,461-70.1%

$73,497-63.2%

Participation rate

82.7%

69.7%+13.1pp

72.7%+10.1pp

70.7%+12.1pp

Annual return

10.05%

17.65%-7.6pp

1294.76%-1284.7pp

28.51%-18.5pp

Employer contribution / active EE

$1,653

$2,346-29.6%

$3,264-49.4%

$2,270-27.2%

Participant deferral / active EE

$2,378

$3,039-21.8%

$3,964-40.0%

$3,740-36.4%

Admin fee / account holder

$90

$396-77.2%

$5,617-98.4%

$513-82.4%

Provider

Service type

Compensation

PIERCE, FENNER AND SMITH5+ years

Filed as: PIERCE FINANCIAL

Service code 26

6465 N. QUAIL HOLLOW SUITE 200 · MEMPHIS, TN 38120

Advisory (Participants)

$28,174

EMPLOYEE FIDUCIARY, LLC5+ years

Filed as: EMPLOYEE FIDUCIARY

Service code 15

1100 DAUPHIN STREET - SUITE B · MOBILE, AL 36604

Recordkeeping

$1,600

CHURCH HEALTH CENTER EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHURCH HEALTH CENTER EMPLOYEE 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