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 (2019) 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 2019

2415 PARKWOOD DRIVE - BRUNSWICK, GA 31520912-466-3199sghs.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)

$129.1M

+27.7% from 2018

Total participants

3,173

+5.3% from 2018

Average account balance

$45,429

+30.1% from 2018

Annual return

21.95%

+27.04 pp from 2018

Benchmarks

See 1,326 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,326 peers

Snapshot2019

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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 22 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSS MUTUAL LIFE INSURANCE CO Service code 49 · EIN 04-1590850	Other Services	$485,839
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MML INVESTORS SERVICES INC. Service code 53 · EIN 04-2746212	Insurance Commissions	$202,144
QUALIFIED PLANS, LLC3 years Filed as: QUALIFIED PLANS LLC Service code 13	Contract Administrator	$57,232
JACOBS, COOLIDGE & COMPANY, LLC3 years Filed as: JACOBS COOLIDGE & COMPANY, LLC Service code 27 · EIN 20-4766726	Advisory (Plan)	$34,936
MCKINLEY CARTER WEALTH SERVICES4 years Filed as: MCKINLEY CARTER WEALTH SERVICE Service code 71 · EIN 54-2111721	Brokerage Fees	$2,724
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49	Other Services	$280
CHARLES SCHWAB & CO., INC.4 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$250
AB FUNDS3 years Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
ALGER3 years Service code 52 · EIN 13-2665689	Indirect Investment Fees	$0
AMERICAN CENTURY3 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2L2M2R2T3D2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$522K

$200 / participant

Investment mgmt$402K77.0%
Contract admin$118K22.5%
Other / not subdivided$2K0.4%

% of EOY assets

0.404%

all-in expense ratio

Categories reported

2 / 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

$45,429

$47,456-4.3%

$172,739-73.7%

$77,787-41.6%

Participation rate

87.3%

66.3%+21.0pp

82.6%+4.7pp

73.2%+14.1pp

Annual return

21.95%

35.57%-13.6pp

802.84%-780.9pp

32.57%-10.6pp

Employer contribution / active EE

$2,465

$1,574+56.6%

$5,143-52.1%

$2,504-1.6%

Participant deferral / active EE

$3,240

$2,560+26.6%

$5,198-37.7%

$3,967-18.3%

Admin fee / account holder

$184

$81+127.1%

$13,954-98.7%

$100+83.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSS MUTUAL LIFE INSURANCE CO

Service code 49 · EIN 04-1590850

Other Services

$485,839

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MML INVESTORS SERVICES INC.

Service code 53 · EIN 04-2746212

Insurance Commissions

$202,144

QUALIFIED PLANS, LLC3 years

Filed as: QUALIFIED PLANS LLC

Service code 13

Contract Administrator

$57,232

JACOBS, COOLIDGE & COMPANY, LLC3 years

Filed as: JACOBS COOLIDGE & COMPANY, LLC

Service code 27 · EIN 20-4766726

Advisory (Plan)

$34,936

MCKINLEY CARTER WEALTH SERVICES4 years

Filed as: MCKINLEY CARTER WEALTH SERVICE

Service code 71 · EIN 54-2111721

Brokerage Fees

$2,724

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49

Other Services

$280

CHARLES SCHWAB & CO., INC.4 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

$250

AB FUNDS3 years

Service code 52 · EIN 13-4071393

Indirect Investment Fees

ALGER3 years

Service code 52 · EIN 13-2665689

Indirect Investment Fees

AMERICAN CENTURY3 years

Service code 52 · EIN 43-1646043

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