Retirement plan

SOUTHWEST LOUISIANA PRIMARY HEALTH CARE INC 403(B) TAX DEFERRED ANNUITY PLAN

Name: SOUTHWEST LOUISIANA PRIMARY HEALTH CARE, INC. - SOUTHWEST LOUISIANA PRIMARY HEALTH CARE INC 403(B) TAX DEFERRED ANNUITY PLAN (2021) Form 5500
Creator: SOUTHWEST LOUISIANA PRIMARY HEALTH CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHWEST LOUISIANA PRIMARY HEALTH CARE INC 403(B) TAX DEFERRED ANNUITY PLAN, SOUTHWEST LOUISIANA PRIMARY HEALTH CARE, INC.

SOUTHWEST LOUISIANA PRIMARY HEALTH CARE, INC.EIN 58-2003179Plan #001PY 2021

8762 HWY 182 NORTH - OPELOUSAS, LA 705711815337-942-2005LinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+28.1% from 2020

Total participants

+11.9% from 2020

Average account balance

$38,877

+32.5% from 2020

Annual return

14.01%

-2.72 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.33M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

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.

47.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$137K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12652

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2L2M2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$26K

$404 / participant

Other / not subdivided$26K100.0%

% of EOY assets

2.327%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,877

$95,406-59.3%

$185,849-79.1%

$85,847-54.7%

Participation rate

29.2%

68.8%-39.5pp

81.7%-52.5pp

69.3%-40.1pp

Annual return

14.01%

23.59%-9.6pp

122.10%-108.1pp

318.61%-304.6pp

Employer contribution / active EE

$1,019

$3,314-69.2%

$5,169-80.3%

$2,565-60.3%

Participant deferral / active EE

$1,263

$3,424-63.1%

$5,569-77.3%

$3,952-68.1%

Admin fee / account holder

$905

$7,214-87.5%

$16,244-94.4%

$6,261-85.6%

SOUTHWEST LOUISIANA PRIMARY HEALTH CARE INC 403(B) TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHWEST LOUISIANA PRIMARY HEALTH CARE INC 403(B) TAX DEFERRED ANNUITY 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