Retirement plan

SOUTHEAST GEORGIA HEALTH SYSTEM, INC. 403(B) RETIREMENT SAVINGS PLAN

Name: SOUTHEAST GEORGIA HEALTH SYSTEM, INC. - SOUTHEAST GEORGIA HEALTH SYSTEM, INC. 403(B) RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: SOUTHEAST GEORGIA HEALTH SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHEAST GEORGIA HEALTH SYSTEM, INC. 403(B) RETIREMENT SAVINGS PLAN, SOUTHEAST GEORGIA HEALTH SYSTEM, INC.

SOUTHEAST GEORGIA HEALTH SYSTEM, INC.EIN 58-1911751Plan #002PY 2017

2415 PARKWOOD AVENUE - BRUNSWICK, GA 31521912-466-3199sghs.orgLinkedIn1001-5000 employeeshospital & health care

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed April 2, 2019

Plan administrator

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2415 Parkwood Drive

Brunswick State: GA Zip Code: 31520

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Plans declared (1)

SGHS 457(b) Plan100 emp

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Total assets (EOY)

$100.2M

+24.4% from 2016

Total participants

2,883

+11.7% from 2016

Average account balance

$36,092

-0.5% from 2016

Annual return

16.66%

-448.41 pp from 2016

Benchmarks

See 1,308 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,308 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$203.75M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

3,538

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$127

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 10 of 19 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 33 · EIN 04-1590850	Investment management fees paid indir...	$402,126
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MML INVESTORS SERVICES INC Service code 53 · EIN 04-2746212	Insurance Commissions	$116,904
QUALIFIED PLANS, LLC1 year Filed as: QUALIFIED PLANS LLC Service code 13 · EIN 58-2605083	Contract Administrator	$49,415
JACOBS, COOLIDGE & COMPANY, LLC1 year Filed as: JACOBS COOLIDGE & COMPANY, LLC Service code 27 · EIN 20-4766726	Advisory (Plan)	$32,246
MCKINLEY CARTER WEALTH SERVICES2 years Filed as: MCKINLEY CARTER WEALTH SERVICE Service code 71 · EIN 54-2111721	Brokerage Fees	$1,822
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO, INC. Service code 59 · EIN 94-1737782	Shareholder Servicing	$150
AB FUNDS1 year Service code 52 · EIN 13-4064930	Indirect Investment Fees	$0
ALGER1 year Service code 52 · EIN 13-3733280	Indirect Investment Fees	$0
AMERICAN CENTURY1 year Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2L2M2R2T3D

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$404K

$160 / participant

Investment mgmt$404K100.0%

% of EOY assets

0.403%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,092

$44,989-19.8%

$170,442-78.8%

$77,958-53.7%

Participation rate

95.8%

64.6%+31.2pp

83.6%+12.2pp

71.6%+24.2pp

Annual return

16.66%

19.61%-3.0pp

205.93%-189.3pp

20.87%-4.2pp

Employer contribution / active EE

$2,378

$1,466+62.2%

$5,433-56.2%

$2,310+2.9%

Participant deferral / active EE

$3,037

$2,208+37.6%

$4,939-38.5%

$3,537-14.1%

Admin fee / account holder

$146

$69+111.1%

$13,880-99.0%

$97+49.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 33 · EIN 04-1590850

Investment management fees paid indir...

$402,126

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MML INVESTORS SERVICES INC

Service code 53 · EIN 04-2746212

Insurance Commissions

$116,904

QUALIFIED PLANS, LLC1 year

Filed as: QUALIFIED PLANS LLC

Service code 13 · EIN 58-2605083

Contract Administrator

$49,415

JACOBS, COOLIDGE & COMPANY, LLC1 year

Filed as: JACOBS COOLIDGE & COMPANY, LLC

Service code 27 · EIN 20-4766726

Advisory (Plan)

$32,246

MCKINLEY CARTER WEALTH SERVICES2 years

Filed as: MCKINLEY CARTER WEALTH SERVICE

Service code 71 · EIN 54-2111721

Brokerage Fees

$1,822

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO, INC.

Service code 59 · EIN 94-1737782

Shareholder Servicing

$150

AB FUNDS1 year

Service code 52 · EIN 13-4064930

Indirect Investment Fees

ALGER1 year

Service code 52 · EIN 13-3733280

Indirect Investment Fees

AMERICAN CENTURY1 year

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

SOUTHEAST GEORGIA HEALTH SYSTEM, INC. 403(B) RETIREMENT SAVINGS 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

SOUTHEAST GEORGIA HEALTH SYSTEM, INC. 403(B) RETIREMENT SAVINGS 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