Retirement plan

401(K) PROFIT SHARING PLAN OF COMMUNITY HEALTH CENTER ASSOCIATION OF MISSISSIPPI

Name: COMMUNITY HEALTH CENTER ASSOCI - 401(K) PROFIT SHARING PLAN OF COMMUNITY HEALTH CENTER ASSOCIATION OF MISSISSIPPI (2024) Form 5500
Creator: COMMUNITY HEALTH CENTER ASSOCI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN OF COMMUNITY HEALTH CENTER ASSOCIATION OF MISSISSIPPI, COMMUNITY HEALTH CENTER ASSOCI

COMMUNITY HEALTH CENTER ASSOCIEIN 64-0703779Plan #001PY 2024

6400 LAKEOVER RD - JACKSON, MS 392138018chcams.orgLinkedIn11-50 employeeshospital & health care

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+44.6% from 2023

Total participants

+5.6% from 2023

Average account balance

$84,467

+36.0% from 2023

Annual return

14.68%

-6.14 pp from 2023

Benchmarks

See 109,210 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,210 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.44M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$346K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+14.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2904

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$49K

$2904 / participant

Other / not subdivided$49K100.0%

% of EOY assets

3.438%

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

$84,467

$183,539-54.0%

$155,556-45.7%

$145,897-42.1%

Participation rate

88.2%

82.7%+5.5pp

78.2%+10.0pp

80.3%+7.9pp

Annual return

14.68%

61.31%-46.6pp

64.84%-50.2pp

552.29%-537.6pp

Employer contribution / active EE

$15,578

$5,315+193.1%

$4,675+233.2%

$4,663+234.1%

Participant deferral / active EE

$4,776

$6,467-26.1%

$5,631-15.2%

$6,689-28.6%

Admin fee / account holder

$2,904

$19,275-84.9%

$15,885-81.7%

$13,390-78.3%

401(K) PROFIT SHARING PLAN OF COMMUNITY HEALTH CENTER ASSOCIATION OF MISSISSIPPI

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN OF COMMUNITY HEALTH CENTER ASSOCIATION OF MISSISSIPPI

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