Retirement plan

FIRST HOSPITAL PANAMERICANO 401K SAVINGS PLAN

Name: FIRST HOSPITAL PANAMERICANO, INC. - FIRST HOSPITAL PANAMERICANO 401K SAVINGS PLAN (2024) Form 5500
Creator: FIRST HOSPITAL PANAMERICANO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST HOSPITAL PANAMERICANO 401K SAVINGS PLAN, FIRST HOSPITAL PANAMERICANO, INC.

FIRST HOSPITAL PANAMERICANO, INC.EIN 66-0490148Plan #001PY 2024

367 SOUTH GULPH ROAD - KING OF PRUSSIA, PA 19406610-768-3434

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$12.3M

+9.4% from 2023

Total participants

580

-2.8% from 2023

Average account balance

$31,015

+8.3% from 2023

Annual return

9.19%

-2.39 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.28M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

396

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.

56.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

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

+9.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$171

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 3 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL GROUP LLC9 years Filed as: INDEPENDENT FINANCIAL GROUP Service code 27 12636 HIGH BLUFF DR STE 100 · SAN DIEGO, CA 92130	Advisory (Plan)	$28,863
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$11,449
A & A EMPLOYEE BENEFITS CONSULTING8 years Service code 13 PO BOX 13928 · SAN JUAN, PR 00908	Contract Administrator	$10,000

Plan features & details

Pension benefit codes2E2F2G2J3C

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$68K

$159 / participant

Other / not subdivided$68K100.0%

% of EOY assets

0.551%

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: BDO USA, PC
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,015

$50,919-39.1%

$155,556-80.1%

$77,762-60.1%

Participation rate

56.7%

63.1%-6.4pp

78.2%-21.5pp

70.6%-13.9pp

Annual return

9.19%

34.84%-25.6pp

64.84%-55.6pp

31.27%-22.1pp

Employer contribution / active EE

$613

$1,991-69.2%

$4,675-86.9%

$2,728-77.5%

Participant deferral / active EE

$1,874

$2,824-33.7%

$5,631-66.7%

$4,651-59.7%

Admin fee / account holder

$171

$437-60.8%

$15,885-98.9%

$433-60.5%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL GROUP LLC9 years

Filed as: INDEPENDENT FINANCIAL GROUP

Service code 27

12636 HIGH BLUFF DR STE 100 · SAN DIEGO, CA 92130

Advisory (Plan)

$28,863

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$11,449

A & A EMPLOYEE BENEFITS CONSULTING8 years

Service code 13

PO BOX 13928 · SAN JUAN, PR 00908

Contract Administrator

$10,000

FIRST HOSPITAL PANAMERICANO 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST HOSPITAL PANAMERICANO 401K SAVINGS 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