Retirement plan

SMOKY MOUNTAIN HOME HEALTH & HOSPICE, INC. 401(K) PROFIT SHARING PLAN

Name: SMOKY MOUNTAIN HOME HEALTH & HOSPICE INC 401(K) PROFIT SHARI - SMOKY MOUNTAIN HOME HEALTH & HOSPICE, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: SMOKY MOUNTAIN HOME HEALTH & HOSPICE INC 401(K) PROFIT SHARI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMOKY MOUNTAIN HOME HEALTH & HOSPICE, INC. 401(K) PROFIT SHARING PLAN, SMOKY MOUNTAIN HOME HEALTH & HOSPICE INC 401(K) PROFIT SHARI

SMOKY MOUNTAIN HOME HEALTH & HOSPICE INC 401(K) PROFIT SHARIEIN 62-1569683Plan #002PY 2023

222 HERITAGE BLVD., P O BOX 754 - NEWPORT, TN 37821423-623-0233

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$9.8M

+11.7% from 2022

Total participants

237

-2.1% from 2022

Average account balance

$41,989

+14.1% from 2022

Annual return

12.51%

+28.23 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.21M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

237

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$622K

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

+23.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$259

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 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY8+ years Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$23,194

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$54K

$350 / participant

Contract admin$54K100.0%

% of EOY assets

0.550%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TARWATER & COMPANY, PC
Auditor EIN: 562397000
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,989

$61,391-31.6%

$149,723-72.0%

$71,529-41.3%

Participation rate

97.4%

62.5%+34.9pp

78.8%+18.6pp

67.9%+29.5pp

Annual return

12.51%

35.88%-23.4pp

134.50%-122.0pp

28.97%-16.5pp

Employer contribution / active EE

$1,623

$2,384-31.9%

$4,821-66.3%

$2,590-37.3%

Participant deferral / active EE

$1,594

$2,921-45.4%

$5,682-71.9%

$4,291-62.9%

Admin fee / account holder

$231

$1,264-81.7%

$13,215-98.3%

$1,588-85.4%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY8+ years

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$23,194

SMOKY MOUNTAIN HOME HEALTH & HOSPICE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMOKY MOUNTAIN HOME HEALTH & HOSPICE, INC. 401(K) PROFIT SHARING 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