Retirement plan

CLERMONT MEDICAL CENTER P A 401(K) PROFIT SHARING PLAN & TRUST

Name: CLERMONT MEDICAL CENTER P A - CLERMONT MEDICAL CENTER P A 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: CLERMONT MEDICAL CENTER P A
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLERMONT MEDICAL CENTER P A 401(K) PROFIT SHARING PLAN & TRUST, CLERMONT MEDICAL CENTER P A

CLERMONT MEDICAL CENTER P AEIN 59-1261401Plan #001PY 2020

PO BOX 121009 - CLERMONT, FL 347121009352-394-3195clermontmedicalcenter.comLinkedIn1-10 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$524K

-56.2% from 2019

Total participants

-10.3% from 2019

Average account balance

$20,955

-54.4% from 2019

Annual return

9.62%

-12.79 pp from 2019

Benchmarks

See 36,228 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,228 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$810K

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

131.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$122K

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

+12.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16379

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 codes2E2F2G2J2T3D

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$862K

$50729 / participant

Other / not subdivided$862K100.0%

% of EOY assets

164.614%

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

$20,955

$100,895-79.2%

$90,430-76.8%

$158,950-86.8%

Participation rate

94.1%

75.0%+19.1pp

72.7%+21.4pp

82.0%+12.2pp

Annual return

9.62%

1725.54%-1715.9pp

1293.73%-1284.1pp

302.91%-293.3pp

Employer contribution / active EE

$1,811

$3,689-50.9%

$3,262-44.5%

$4,762-62.0%

Participant deferral / active EE

$2,321

$4,347-46.6%

$3,963-41.4%

$5,983-61.2%

Admin fee / account holder

$34,496

$6,505+430.3%

$5,613+514.5%

$11,248+206.7%

CLERMONT MEDICAL CENTER P A 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLERMONT MEDICAL CENTER P A 401(K) PROFIT SHARING PLAN & TRUST

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