Retirement plan

PHOEBE PUTNEY HEALTH SYSTEM 403(B) DEFERRED SAVINGS PLAN

Name: PHOEBE PUTNEY HEALTH SYSTEM, INC. - PHOEBE PUTNEY HEALTH SYSTEM 403(B) DEFERRED SAVINGS PLAN (2020) Form 5500
Creator: PHOEBE PUTNEY HEALTH SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHOEBE PUTNEY HEALTH SYSTEM 403(B) DEFERRED SAVINGS PLAN, PHOEBE PUTNEY HEALTH SYSTEM, INC.

PHOEBE PUTNEY HEALTH SYSTEM, INC.EIN 58-1928247Plan #001PY 2020

417 3RD AVENUE - ALBANY, GA 31703229-312-4346

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$355.9M

-10.3% from 2016

Total participants

5,705

+15.7% from 2016

Average account balance

$70,373

-25.4% from 2016

Annual return

16.17%

-6.71 pp from 2016

Benchmarks

See 1,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,342 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$446.23M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

4,909

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.

76.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30.15M

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

+13.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 12 · EIN 13-3689044	Recordkeeping and information managem...	$243,107
CANNON FINANCIAL STRATEGISTS, INC.6+ years Service code 16 · EIN 58-2608124	Consulting	$14,938
CHARLES SCHWAB & CO., INC.6+ years Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$220
NATIONAL FINANCIAL SERVICES6+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2L2M2R2T3H

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.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$618K

$144 / participant

Investment mgmt$375K60.7%
Other / not subdivided$243K39.3%

% of EOY assets

0.174%

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: DRAFFIN & TUCKER LLC
Auditor EIN: 580914992
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,373

$56,095+25.5%

$178,510-60.6%

$90,274-22.0%

Participation rate

85.0%

65.6%+19.4pp

81.9%+3.0pp

73.4%+11.6pp

Annual return

16.17%

28.81%-12.6pp

151.13%-135.0pp

53.97%-37.8pp

Employer contribution / active EE

$1,351

$1,572-14.1%

$5,011-73.0%

$2,523-46.4%

Participant deferral / active EE

$4,619

$2,669+73.1%

$5,202-11.2%

$4,231+9.2%

Admin fee / account holder

$122

$101+21.4%

$13,988-99.1%

$114+7.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 12 · EIN 13-3689044

Recordkeeping and information managem...

$243,107

CANNON FINANCIAL STRATEGISTS, INC.6+ years

Service code 16 · EIN 58-2608124

Consulting

$14,938

CHARLES SCHWAB & CO., INC.6+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$220

NATIONAL FINANCIAL SERVICES6+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

PHOEBE PUTNEY HEALTH SYSTEM 403(B) DEFERRED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHOEBE PUTNEY HEALTH SYSTEM 403(B) DEFERRED SAVINGS 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