Retirement plan

HILLCREST HEALTHCARE COMMUNITIES 403(B) PLAN

Name: HILLCREST HEALTHCARE COMMUNITIES, INC. - HILLCREST HEALTHCARE COMMUNITIES 403(B) PLAN (2024) Form 5500
Creator: HILLCREST HEALTHCARE COMMUNITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HILLCREST HEALTHCARE COMMUNITIES 403(B) PLAN, HILLCREST HEALTHCARE COMMUNITIES, INC.

HILLCREST HEALTHCARE COMMUNITIES, INC.EIN 62-0641093Plan #002PY 2024

5325 BEVERLY PARK CIRCLE - KNOXVILLE, TN 37918865-246-4040LinkedIn501-1000 employeeshospital & health care

Prospect flagsLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$3.7M

+22.3% from 2023

Total participants

428

+19.6% from 2023

Average account balance

$25,414

+9.6% from 2023

Annual return

11.74%

-10.06 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.69M

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.

145

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.

29.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$444K

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

+11.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$126

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
LPL FINANCIAL1 year Filed as: LPL FINANCIAL CORPORATION Service code 99 · EIN 95-2834236	Other Fees	$11,234
TENNESSEE PENSION ADMINISTRATORS7 years Service code 49 · EIN 62-1757444	Other Services	$5,249
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT & ANNUITY CO. Service code 64 · EIN 71-0294708	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2G2K2M2S2T3D

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$18K

$46 / participant

Investment mgmt$2K9.5%
Contract admin$16K89.4%
Other / not subdivided$2001.1%

% of EOY assets

0.494%

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: LMBC, PC
Auditor EIN: 621199757
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,414

$50,919-50.1%

$155,556-83.7%

$77,762-67.3%

Participation rate

29.3%

63.1%-33.8pp

78.2%-49.0pp

70.6%-41.3pp

Annual return

11.74%

34.84%-23.1pp

64.84%-53.1pp

31.27%-19.5pp

Employer contribution / active EE

$453

$1,991-77.2%

$4,675-90.3%

$2,728-83.4%

Participant deferral / active EE

$656

$2,824-76.8%

$5,631-88.3%

$4,651-85.9%

Admin fee / account holder

$126

$437-71.2%

$15,885-99.2%

$433-71.0%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL CORPORATION

Service code 99 · EIN 95-2834236

Other Fees

$11,234

TENNESSEE PENSION ADMINISTRATORS7 years

Service code 49 · EIN 62-1757444

Other Services

$5,249

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT & ANNUITY CO.

Service code 64 · EIN 71-0294708

Recordkeeping Fees

HILLCREST HEALTHCARE COMMUNITIES 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HILLCREST HEALTHCARE COMMUNITIES 403(B) 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