Retirement plan

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

Name: SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INC. - 403(B) THRIFT PLAN OF SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INCORPORATED (2023) Form 5500
Creator: SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INC.
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, INC.

SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INC.EIN 59-3380599Plan #001PY 2023

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

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.8M

+28.0% from 2022

Total participants

+13.8% from 2022

Average account balance

$45,098

+15.9% from 2022

Annual return

14.52%

+32.25 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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 codes2F2G2S2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$58K

$927 / participant

Other / not subdivided$58K100.0%

% of EOY assets

1.523%

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

$45,098

$77,908-42.1%

$149,696-69.9%

$75,173-40.0%

Participation rate

90.5%

65.6%+24.9pp

78.8%+11.7pp

67.2%+23.3pp

Annual return

14.52%

31.73%-17.2pp

134.46%-119.9pp

160.72%-146.2pp

Employer contribution / active EE

$4,359

$3,138+38.9%

$4,821-9.6%

$2,671+63.2%

Participant deferral / active EE

$2,951

$3,411-13.5%

$5,682-48.1%

$4,126-28.5%

Admin fee / account holder

$687

$5,950-88.5%

$13,212-94.8%

$5,651-87.8%

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