Retirement plan

401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF SUNCOAST COMMUNITY HEALTH CENTERS, INC.

Name: SUNCOAST COMMUNITY HEALTH CENTERS, INC. - 401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF SUNCOAST COMMUNITY HEALTH CENTERS, INC. (2024) Form 5500
Creator: SUNCOAST COMMUNITY HEALTH CENTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF SUNCOAST COMMUNITY HEALTH CENTERS, INC., SUNCOAST COMMUNITY HEALTH CENTERS, INC.

SUNCOAST COMMUNITY HEALTH CENTERS, INC.EIN 59-1741303Plan #001PY 2024

313 S LAKEWOOD DR - BRANDON, FL 335112815813-349-7571suncoast-chc.orgLinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$13.4M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$18M

+12.1% from 2023

Total participants

600

+21.5% from 2023

Average account balance

$35,256

+6.9% from 2023

Annual return

11.98%

-1.98 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.98M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

510

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.

80.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP6 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Account maintenance fees; Recordkeepi...	$6,737

Plan features & details

Pension benefit codes2G2E2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$11 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.028%

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: WARREN AVERETT, LLC
Auditor EIN: 454084437
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,256

$50,902-30.7%

$155,534-77.3%

$77,736-54.6%

Participation rate

80.2%

63.1%+17.1pp

78.2%+2.0pp

70.6%+9.6pp

Annual return

11.98%

34.85%-22.9pp

64.92%-52.9pp

31.26%-19.3pp

Employer contribution / active EE

$3,082

$1,991+54.8%

$4,675-34.1%

$2,728+13.0%

Participant deferral / active EE

$2,824-100.0%

$5,630-100.0%

$4,651-100.0%

Admin fee / account holder

$10

$437-97.8%

$15,900-99.9%

$433-97.7%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP6 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Account maintenance fees; Recordkeepi...

$6,737

401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF SUNCOAST COMMUNITY HEALTH CENTERS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF SUNCOAST COMMUNITY HEALTH CENTERS, INC.

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