Retirement plan

BACON COUNTY HOSPITAL TAX SHELTERED ANNUITY PLAN

Name: BACON COUNTY HEALTH SERVICES, INC. - BACON COUNTY HOSPITAL TAX SHELTERED ANNUITY PLAN (2017) Form 5500
Creator: BACON COUNTY HEALTH SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BACON COUNTY HOSPITAL TAX SHELTERED ANNUITY PLAN, BACON COUNTY HEALTH SERVICES, INC.

BACON COUNTY HEALTH SERVICES, INC.EIN 58-2224545Plan #002PY 2017

PO DRAWER 1987 - ALMA, GA 31510912-632-8961LinkedIn501-1000 employeesmedical practice

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.2M

+17.7% from 2016

Total participants

518

-12.2% from 2016

Average account balance

$20,693

+51.1% from 2016

Annual return

13.50%

+9.02 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.45M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

243

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.

28.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$922K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$411

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
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 15 · EIN 04-1590850	Recordkeeping	$12,510
VALIC RETIREMENT SERVICES COMPANY3+ years Filed as: VARIABLE ANNUITY LIFE INSURANCE CO. Service code 26 · EIN 74-1625348 2929 ALLEN PARKWAY · HOUSTON, TX 77019	Advisory (Participants)	$3,996

Plan features & details

Pension benefit codes2L2K2F2G

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$17K

$38 / participant

Other / not subdivided$17K100.0%

% of EOY assets

0.231%

all-in expense ratio

Categories reported

0 / 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, LLP
Auditor EIN: 580914992
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,693

$46,173-55.2%

$170,435-87.9%

$69,631-70.3%

Participation rate

60.4%

63.9%-3.5pp

83.6%-23.2pp

70.7%-10.3pp

Annual return

13.50%

21.62%-8.1pp

205.94%-192.4pp

27571.02%-27557.5pp

Employer contribution / active EE

$397

$1,610-75.4%

$5,432-92.7%

$2,032-80.5%

Participant deferral / active EE

$1,042

$2,080-49.9%

$4,939-78.9%

$3,224-67.7%

Admin fee / account holder

$48

$116-58.9%

$13,881-99.7%

$110-56.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 15 · EIN 04-1590850

Recordkeeping

$12,510

VALIC RETIREMENT SERVICES COMPANY3+ years

Filed as: VARIABLE ANNUITY LIFE INSURANCE CO.

Service code 26 · EIN 74-1625348

2929 ALLEN PARKWAY · HOUSTON, TX 77019

Advisory (Participants)

$3,996

BACON COUNTY HOSPITAL TAX SHELTERED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BACON COUNTY HOSPITAL TAX SHELTERED 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