Retirement plan

403(B) THRIFT PLAN OF SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INCORPORATED

Name: SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INCORPORATED - 403(B) THRIFT PLAN OF SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INCORPORATED (2019) Form 5500
Creator: SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INCORPORATED, SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INCORPORATED

SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INCORPORATEDEIN 59-3380599Plan #001PY 2019

7205 CORPORATE CENTER DR STE 200 - MIAMI, FL 331261228305-858-3335sfbhn.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2M

-10.6% from 2018

Total participants

-4.0% from 2018

Average account balance

$29,475

-4.0% from 2018

Annual return

7.29%

-6.71 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.94M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

159.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$447K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+9.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11829

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 codes2F2G2S2T

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$630K

$15005 / participant

Other / not subdivided$630K100.0%

% of EOY assets

31.443%

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

$29,475

$85,171-65.4%

$172,752-82.9%

$72,975-59.6%

Participation rate

90.5%

70.1%+20.4pp

82.6%+7.8pp

69.5%+21.0pp

Annual return

7.29%

27.32%-20.0pp

802.97%-795.7pp

81.01%-73.7pp

Employer contribution / active EE

$2,433

$3,324-26.8%

$5,144-52.7%

$2,440-0.3%

Participant deferral / active EE

$2,997

$3,260-8.1%

$5,198-42.3%

$3,608-16.9%

Admin fee / account holder

$9,268

$5,880+57.6%

$13,955-33.6%

$5,124+80.9%

403(B) THRIFT PLAN OF SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INCORPORATED

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INCORPORATED

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