Retirement plan

DELTA HEALTH CENTER, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: DELTA HEALTH CENTER, INC. - DELTA HEALTH CENTER, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: DELTA HEALTH CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DELTA HEALTH CENTER, INC. 401(K) PROFIT SHARING PLAN AND TRUST, DELTA HEALTH CENTER, INC.

DELTA HEALTH CENTER, INC.EIN 64-0443928Plan #001PY 2022

702 MARTIN LUTHER KING ST - MOUND BAYOU, MS 387629314662-741-8800LinkedIn51-200 employeesgovernment administration

Prospect flagsHigh cashLow participationRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$2.8M

-9.1% from 2021

Total participants

164

+64.0% from 2021

Average account balance

$27,336

-18.7% from 2021

Annual return

-16.12%

-27.08 pp from 2021

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.32M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

119

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.

82.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$810K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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 2 by compensation

Provider	Service type	Compensation
ALLSTATE FINANCIAL SERVICES LLC7 years Service code 55 · EIN 47-0826838	Other Commissions	$11,790
FIDELITY INVESTMENTS INSTITUTIONAL7 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$7,413

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$7K

$50 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.261%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: T. E. LOTT & COMPANY
Auditor EIN: 640575804
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,336

$65,083-58.0%

$143,788-81.0%

$66,930-59.2%

Participation rate

59.7%

65.2%-5.5pp

80.3%-20.6pp

69.8%-10.1pp

Annual return

-16.12%

-11.13%-5.0pp

-0.03%-16.1pp

1.57%-17.7pp

Employer contribution / active EE

$1,041

$2,361-55.9%

$4,952-79.0%

$2,545-59.1%

Participant deferral / active EE

$2,501

$2,920-14.3%

$5,638-55.6%

$4,238-41.0%

Admin fee / account holder

$71

$502-85.8%

$14,675-99.5%

$593-88.0%

Provider

Service type

Compensation

ALLSTATE FINANCIAL SERVICES LLC7 years

Service code 55 · EIN 47-0826838

Other Commissions

$11,790

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$7,413

DELTA HEALTH CENTER, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DELTA HEALTH CENTER, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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