Retirement plan

WEXFORD HEALTH SOURCES, INC. UNION EMPLOYEES RETIREMENT PLAN

Name: WEXFORD HEALTH SOURCES, INC. - WEXFORD HEALTH SOURCES, INC. UNION EMPLOYEES RETIREMENT PLAN (2016) Form 5500
Creator: WEXFORD HEALTH SOURCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEXFORD HEALTH SOURCES, INC. UNION EMPLOYEES RETIREMENT PLAN, WEXFORD HEALTH SOURCES, INC.

WEXFORD HEALTH SOURCES, INC.EIN 59-2363973Plan #002PY 2016

501 HOLIDAY DRIVE, FOSTER PLAZA 4 - PITTSBURGH, PA 15220412-937-8590

Other plans on this EIN

1 filing

#001Retirement-$26.3M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$18.6M

+18.8% from 2015

Total participants

1,047

+12.1% from 2015

Average account balance

$19,890

+9.7% from 2015

Annual return

8.99%

+12.06 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.84M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

1,398

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.

78.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.49M

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

+13.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$147

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
DUNBAR, BENDER & ZAPF, INC.2+ years Filed as: DUNBAR BENDER & ZAPF Service code 37 FRICK BUILDING, SUITE 1100 · PITTSBURGH, PA 15219	Loan Processing	$14,200
CLIFTONLARSONALLEN LLP1 year Service code 10 · EIN 41-0746749	Accounting	$10,400
JOHN HANCOCK LIFE INSURANCE COMPANY2+ years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$2,620

Plan features & details

Pension benefit codes2E2G2J2K2S2T3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$27K

$33 / participant

Contract admin$3K9.6%
Other / not subdivided$25K90.4%

% of EOY assets

0.146%

all-in expense ratio

Categories reported

1 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,890

$36,916-46.1%

$156,551-87.3%

$57,658-65.5%

Participation rate

86.6%

63.4%+23.2pp

84.0%+2.6pp

70.2%+16.4pp

Annual return

8.99%

12.38%-3.4pp

32.23%-23.2pp

5.13%+3.9pp

Employer contribution / active EE

$1,425

$1,571-9.3%

$5,501-74.1%

$1,974-27.8%

Participant deferral / active EE

$2,410

$1,926+25.1%

$4,871-50.5%

$3,061-21.3%

Admin fee / account holder

$29

$82-64.7%

$13,028-99.8%

$95-69.2%

Provider

Service type

Compensation

DUNBAR, BENDER & ZAPF, INC.2+ years

Filed as: DUNBAR BENDER & ZAPF

Service code 37

FRICK BUILDING, SUITE 1100 · PITTSBURGH, PA 15219

Loan Processing

$14,200

CLIFTONLARSONALLEN LLP1 year

Service code 10 · EIN 41-0746749

Accounting

$10,400

JOHN HANCOCK LIFE INSURANCE COMPANY2+ years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$2,620

WEXFORD HEALTH SOURCES, INC. UNION EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEXFORD HEALTH SOURCES, INC. UNION EMPLOYEES 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