Retirement plan

OGLETHORPE, INC. 401(K) PLAN

Name: OGLETHORPE, INC. - OGLETHORPE, INC. 401(K) PLAN (2019) Form 5500
Creator: OGLETHORPE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OGLETHORPE, INC. 401(K) PLAN, OGLETHORPE, INC.

OGLETHORPE, INC.EIN 59-3586063Plan #001PY 2019

13406 CORTEZ BLVD. - BROOKSVILLE, FL 34613813-978-1933oglethorpeinc.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.2M

+18.4% from 2018

Total participants

758

-11.4% from 2018

Average account balance

$25,142

+24.7% from 2018

Annual return

17.59%

+23.95 pp from 2018

Benchmarks

See 253 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort253 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.58M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

125

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.

19.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$513K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$692

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

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Service providers

Top 10 of 15 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$38,524
UBS FINANCIAL SERVICES INC3 years Filed as: UBS FINANCIAL SERVICES INC. Service code 27	Advisory (Plan)	$11,197
RETIREMENT SOLUTIONS SPECIALISTS4 years Service code 13 · EIN 27-0293282 P.O. BOX 601070 · JACKSONVILLE, FL 32260	Contract Administrator	$8,599
HARRELL, STINE & ASSOCIATES LLC4 years Filed as: HARRELL, STINE AND ASSOCIATES Service code 10 · EIN 26-1821557	Accounting	$5,000
HARRELL, STINE & ASSOCIATES LLC2 years Filed as: HARRELL, STINE AND ASSOC, LLC Service code 10 · EIN 26-1821557	Accounting	$4,000
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 52 · EIN 61-1732930	Indirect Investment Fees	$15
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FRANKLIN TEMPLETON3 years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 13-2573775	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 22-3849391	Indirect Investment Fees	$0
JANUS HENDERSON3 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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.
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

7 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$50K

$69 / participant

Investment mgmt$29K57.7%
Contract admin$10K19.4%
Other / not subdivided$11K22.9%

% of EOY assets

1.181%

all-in expense ratio

Categories reported

2 / 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: HARRELL & STINE, LLC
Auditor EIN: 261821557
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,142

$75,419-66.7%

$392,568-93.6%

$67,579-62.8%

Participation rate

18.1%

74.8%-56.8pp

78.1%-60.0pp

71.3%-53.2pp

Annual return

17.59%

36.70%-19.1pp

24.42%-6.8pp

378.56%-361.0pp

Employer contribution / active EE

$212

$2,636-92.0%

$3,783-94.4%

$2,148-90.1%

Participant deferral / active EE

$580

$4,347-86.7%

$5,985-90.3%

$3,539-83.6%

Admin fee / account holder

$297

$114+161.0%

$6,260-95.3%

$142+108.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$38,524

UBS FINANCIAL SERVICES INC3 years

Filed as: UBS FINANCIAL SERVICES INC.

Service code 27

Advisory (Plan)

$11,197

RETIREMENT SOLUTIONS SPECIALISTS4 years

Service code 13 · EIN 27-0293282

P.O. BOX 601070 · JACKSONVILLE, FL 32260

Contract Administrator

$8,599

HARRELL, STINE & ASSOCIATES LLC4 years

Filed as: HARRELL, STINE AND ASSOCIATES

Service code 10 · EIN 26-1821557

Accounting

$5,000

HARRELL, STINE & ASSOCIATES LLC2 years

Filed as: HARRELL, STINE AND ASSOC, LLC

Service code 10 · EIN 26-1821557

Accounting

$4,000

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 52 · EIN 61-1732930

Indirect Investment Fees

$15

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FRANKLIN TEMPLETON3 years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 13-2573775

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 22-3849391

Indirect Investment Fees

JANUS HENDERSON3 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

OGLETHORPE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OGLETHORPE, INC. 401(K) 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