Retirement plan

MISSISSIPPI HEALTH CARE INSURANCE SERVICES CORPORATION PROFIT SHARING PLAN

Name: MISSISSIPPI HEALTH CARE INSURANCE SERVICES CORPORATION - MISSISSIPPI HEALTH CARE INSURANCE SERVICES CORPORATION PROFIT SHARING PLAN (2020) Form 5500
Creator: MISSISSIPPI HEALTH CARE INSURANCE SERVICES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MISSISSIPPI HEALTH CARE INSURANCE SERVICES CORPORATION PROFIT SHARING PLAN, MISSISSIPPI HEALTH CARE INSURANCE SERVICES CORPORATION

MISSISSIPPI HEALTH CARE INSURANCE SERVICES CORPORATIONEIN 64-0934451Plan #001PY 2020

282 COMMERCE PARK DRIVE - RIDGELAND, MS 39157601-707-2471mhcisc.orgLinkedIn11-50 employeesinsurance

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$998K

+21.9% from 2019

Total participants

+4.8% from 2019

Average account balance

$45,343

+16.4% from 2019

Annual return

12.44%

-4.99 pp from 2019

Benchmarks

See 32,149 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,149 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.68M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

131.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$108K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4320

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 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

2 tripped

OpportunityLow participant contribution
Participant 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.)

Expense breakdown

Schedule H Part II

Admin total

$12K

$757 / participant

Other / not subdivided$12K100.0%

% of EOY assets

1.215%

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

$45,343

$197,637-77.1%

$177,848-74.5%

$158,982-71.5%

Participation rate

100.0%

88.5%+11.5pp

87.7%+12.3pp

82.0%+18.0pp

Annual return

12.44%

58.77%-46.3pp

48.33%-35.9pp

302.99%-290.6pp

Employer contribution / active EE

$4,029

$6,698-39.8%

$5,919-31.9%

$4,763-15.4%

Participant deferral / active EE

$1,577

$8,405-81.2%

$7,714-79.6%

$5,983-73.6%

Admin fee / account holder

$551

$15,406-96.4%

$12,431-95.6%

$11,252-95.1%

MISSISSIPPI HEALTH CARE INSURANCE SERVICES CORPORATION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MISSISSIPPI HEALTH CARE INSURANCE SERVICES CORPORATION 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