Retirement plan

EMPLOYEE BENEFIT PLAN OF CORE SRVICES OF NORTHEAST TENNESSEE

Name: CORE SERVICES OF NORTHEAST TENNESSEE - EMPLOYEE BENEFIT PLAN OF CORE SRVICES OF NORTHEAST TENNESSEE (2020) Form 5500
Creator: CORE SERVICES OF NORTHEAST TENNESSEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF CORE SRVICES OF NORTHEAST TENNESSEE, CORE SERVICES OF NORTHEAST TENNESSEE

CORE SERVICES OF NORTHEAST TENNESSEEEIN 62-1663683Plan #001PY 2020

215 UNIVERSITY PKWY - JOHNSON CITY, TN 376047339423-928-2752LinkedIn1-10 employeeshospital & health care

Prospect flagsHigh feesLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$404K

+41.5% from 2019

Total participants

-7.6% from 2019

Average account balance

$5,045

+55.6% from 2019

Annual return

16.22%

-8.45 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$767K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$124K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1233

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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$30K

$399 / participant

Other / not subdivided$30K100.0%

% of EOY assets

7.514%

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

$5,045

$91,198-94.5%

$178,503-97.2%

$79,856-93.7%

Participation rate

93.4%

69.2%+24.2pp

81.9%+11.5pp

69.6%+23.8pp

Annual return

16.22%

24.20%-8.0pp

151.12%-134.9pp

31.71%-15.5pp

Employer contribution / active EE

$297

$3,257-90.9%

$5,011-94.1%

$2,471-88.0%

Participant deferral / active EE

$1,045

$3,237-67.7%

$5,202-79.9%

$3,741-72.1%

Admin fee / account holder

$379

$6,748-94.4%

$13,987-97.3%

$5,306-92.9%

EMPLOYEE BENEFIT PLAN OF CORE SRVICES OF NORTHEAST TENNESSEE

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF CORE SRVICES OF NORTHEAST TENNESSEE

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