Retirement plan

FIRST HOSPITAL PANAMERICANO 401K SAVINGS PLAN

Name: FIRST HOSPITAL PANAMERICANO, INC. - FIRST HOSPITAL PANAMERICANO 401K SAVINGS PLAN (2017) 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 2017

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

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$9.7M

+13.0% from 2016

Total participants

672

-5.2% from 2016

Average account balance

$22,040

+22.0% from 2016

Annual return

8.13%

+2.07 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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 4 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL GROUP LLC2 years Filed as: INDEPENDENT FINANCIAL GROUP Service code 27 12636 HIGH BLUFF DR STE 100 · SAN DIEGO, CA 92130	Advisory (Plan)	$20,936
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,852
A & A EMPLOYEE BENEFITS CONSULTING1 year Service code 13 PO BOX 13928 · SAN JUAN, PR 00908	Contract Administrator	$12,177
UBS FINANCIAL SERVICES INC2 years Filed as: UBS TRUST COMPANY OF PR Service code 13 250 MUNOZ RIVERA AVE 10TH FLOOR · SAN JUAN, PR 00985	Contract Administrator	-$3,805

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

$39K

$75 / participant

Other / not subdivided$39K100.0%

% of EOY assets

0.406%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,040

$46,173-52.3%

$170,435-87.1%

$69,631-68.3%

Participation rate

55.7%

63.9%-8.2pp

83.6%-27.9pp

70.7%-15.0pp

Annual return

8.13%

21.62%-13.5pp

205.94%-197.8pp

27571.02%-27562.9pp

Employer contribution / active EE

$459

$1,610-71.5%

$5,432-91.6%

$2,032-77.4%

Participant deferral / active EE

$1,173

$2,080-43.6%

$4,939-76.3%

$3,224-63.6%

Admin fee / account holder

$89

$116-22.9%

$13,881-99.4%

$110-19.0%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL GROUP LLC2 years

Filed as: INDEPENDENT FINANCIAL GROUP

Service code 27

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

Advisory (Plan)

$20,936

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,852

A & A EMPLOYEE BENEFITS CONSULTING1 year

Service code 13

PO BOX 13928 · SAN JUAN, PR 00908

Contract Administrator

$12,177

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS TRUST COMPANY OF PR

Service code 13

250 MUNOZ RIVERA AVE 10TH FLOOR · SAN JUAN, PR 00985

Contract Administrator

-$3,805

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