Retirement plan

BIG BEND HOSPICE RETIREMENT PLAN

Name: BIG BEND HOSPICE, INC. - BIG BEND HOSPICE RETIREMENT PLAN (2021) Form 5500
Creator: BIG BEND HOSPICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIG BEND HOSPICE RETIREMENT PLAN, BIG BEND HOSPICE, INC.

BIG BEND HOSPICE, INC.EIN 59-2328806Plan #002PY 2021

1723 MAHAN CENTER BLVD. - TALLAHASSEE, FL 323085428850-878-5310bigbendhospice.orgLinkedIn201-500 employeeshospital & health care

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.7M

+9.3% from 2020

Total participants

272

+5.4% from 2020

Average account balance

$41,435

+7.0% from 2020

Annual return

8.42%

-2.84 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.57M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

209

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.

68.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

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

+10.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$280

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 10 of 18 by compensation

Provider	Service type	Compensation
ALLIANCE PENSION CONSULTANTS, LLC3 years Filed as: INDEPENDENT ADVISOR ALLIANCE Service code 27 · EIN 46-3825461	Advisory (Plan)	$35,823
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$21,020
RETIREMENT SOLUTIONS SPECIALISTS5 years Service code 13 · EIN 27-0293282	Contract Administrator	$10,216
AB FUNDS5 years Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
AMERICAN CENTURY5 years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
AMERICAN FUNDS5 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK5 years Service code 52 · EIN 13-3806694	Indirect Investment Fees	$0
COLUMBIA5 years Service code 52 · EIN 36-3376651	Indirect Investment Fees	$0
EATON VANCE5 years Service code 52 · EIN 04-2718215	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC5 years Service code 28 · EIN 61-1732930	Investment Management	$0

Plan features & details

Pension benefit codes2F2G2K2L2M2T3D

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$60K

$282 / participant

Investment mgmt$49K82.7%
Contract admin$8K12.8%
Other / not subdivided$3K4.5%

% of EOY assets

0.611%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,435

$61,166-32.3%

$185,837-77.7%

$79,393-47.8%

Participation rate

82.5%

66.6%+15.8pp

81.7%+0.8pp

70.7%+11.8pp

Annual return

8.42%

19.45%-11.0pp

122.08%-113.7pp

116.87%-108.5pp

Employer contribution / active EE

$1,451

$2,321-37.5%

$5,168-71.9%

$2,428-40.2%

Participant deferral / active EE

$3,214

$2,789+15.2%

$5,568-42.3%

$4,046-20.6%

Admin fee / account holder

$253

$710-64.3%

$16,241-98.4%

$627-59.6%

Provider

Service type

Compensation

ALLIANCE PENSION CONSULTANTS, LLC3 years

Filed as: INDEPENDENT ADVISOR ALLIANCE

Service code 27 · EIN 46-3825461

Advisory (Plan)

$35,823

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$21,020

RETIREMENT SOLUTIONS SPECIALISTS5 years

Service code 13 · EIN 27-0293282

Contract Administrator

$10,216

AB FUNDS5 years

Service code 52 · EIN 13-4071393

Indirect Investment Fees

AMERICAN CENTURY5 years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

AMERICAN FUNDS5 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK5 years

Service code 52 · EIN 13-3806694

Indirect Investment Fees

COLUMBIA5 years

Service code 52 · EIN 36-3376651

Indirect Investment Fees

EATON VANCE5 years

Service code 52 · EIN 04-2718215

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC5 years

Service code 28 · EIN 61-1732930

Investment Management

BIG BEND HOSPICE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIG BEND HOSPICE 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