Retirement plan

LOW COUNTRY HEALTH CARE SYSTEM 403B MATCHING RETIREMENT PLAN

Name: LOW COUNTRY HEALTH CARE SYSTEM - LOW COUNTRY HEALTH CARE SYSTEM 403B MATCHING RETIREMENT PLAN (2023) Form 5500
Creator: LOW COUNTRY HEALTH CARE SYSTEM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOW COUNTRY HEALTH CARE SYSTEM 403B MATCHING RETIREMENT PLAN, LOW COUNTRY HEALTH CARE SYSTEM

LOW COUNTRY HEALTH CARE SYSTEMEIN 58-2366697Plan #001PY 2023

P O BOX 990 - FAIRFAX, SC 29827803-632-2533lowcountryhealthcaresystem.comLinkedIn51-200 employeesmedical practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.2M

+15.0% from 2022

Total participants

266

+3.9% from 2022

Average account balance

$37,391

+9.2% from 2022

Annual return

16.22%

+33.25 pp from 2022

Benchmarks

See 5,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,710 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.89M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

232

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.

81.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$875K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$315

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 3 by compensation

Provider	Service type	Compensation
NORTHWESTERN MUTUAL INVESTMENT SERV3 years Filed as: NORTHWESTERN MUTAL INVESTMENT SERV Service code 55	Other Commissions	$42,558
MORNINGSTAR3 years Service code 27	Advisory (Plan)	$1,209
NORTHWESTERN MUTUAL INVESTMENT SERV2 years Service code 55 · EIN 06-1375177	Other Commissions	$0

Plan features & details

Pension benefit codes2F2G2K2M2T3D

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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$61K

$255 / participant

Other / not subdivided$61K100.0%

% of EOY assets

0.743%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCGREGOR AND COMPANY LLP
Auditor EIN: 570292726
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,391

$61,338-39.0%

$149,717-75.0%

$71,495-47.7%

Participation rate

79.7%

62.5%+17.2pp

78.8%+1.0pp

67.9%+11.8pp

Annual return

16.22%

35.86%-19.6pp

134.41%-118.2pp

28.85%-12.6pp

Employer contribution / active EE

$1,505

$2,381-36.8%

$4,820-68.8%

$2,589-41.9%

Participant deferral / active EE

$2,304

$2,919-21.1%

$5,682-59.4%

$4,291-46.3%

Admin fee / account holder

$278

$1,263-78.0%

$13,213-97.9%

$1,588-82.5%

Provider

Service type

Compensation

NORTHWESTERN MUTUAL INVESTMENT SERV3 years

Filed as: NORTHWESTERN MUTAL INVESTMENT SERV

Service code 55

Other Commissions

$42,558

MORNINGSTAR3 years

Service code 27

Advisory (Plan)

$1,209

NORTHWESTERN MUTUAL INVESTMENT SERV2 years

Service code 55 · EIN 06-1375177

Other Commissions

LOW COUNTRY HEALTH CARE SYSTEM 403B MATCHING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOW COUNTRY HEALTH CARE SYSTEM 403B MATCHING RETIREMENT 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