Retirement plan

HOSPICE OF EAST TEXAS SAFE HARBOR 401(K) PLAN

Name: HOSPICE OF EAST TEXAS - HOSPICE OF EAST TEXAS SAFE HARBOR 401(K) PLAN (2024) Form 5500
Creator: HOSPICE OF EAST TEXAS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOSPICE OF EAST TEXAS SAFE HARBOR 401(K) PLAN, HOSPICE OF EAST TEXAS

HOSPICE OF EAST TEXASEIN 75-1851420Plan #002PY 2024

4111 UNIVERSITY BOULEVARD - TYLER, TX 75701903-266-3400hospiceofeasttexas.orgLinkedIn201-500 employeeshospital & health care

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$13.1M

+12.4% from 2023

Total participants

194

-1.0% from 2023

Average account balance

$81,094

+16.6% from 2023

Annual return

10.92%

-4.33 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.06M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

161

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.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

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

+10.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$645

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
JULY BUSINESS SERVICES9 years Service code 13 · EIN 74-2715820 400 AUSTIN AVENUE · WACO, TX 76701	Contract Administrator	$68,226
LASALLE STREET SECURITIES LLC9 years Filed as: LASALLE ST SECURITIES, LLC Service code 27 3304 SOUTH BROADWAY · TYLER, TX 75701	Advisory (Plan)	$34,789
TRINITY PENSION CONSULTANTS1 year Filed as: TRINITY CAPITAL MANAGEMENT Service code 27 821 ESE LOOP 323, SUITE 110 · TYLER, TX 75701	Advisory (Plan)	$8,099

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$104K

$614 / participant

Trustee / custodial$7580.7%
Investment mgmt$35K33.5%
Contract admin$68K65.7%

% of EOY assets

0.795%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HENRY & PETERS, P.C.
Auditor EIN: 751503978
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,094

$55,472+46.2%

$155,567-47.9%

$74,546+8.8%

Participation rate

80.5%

61.9%+18.6pp

78.2%+2.3pp

67.2%+13.3pp

Annual return

10.92%

268.72%-257.8pp

64.74%-53.8pp

1366.03%-1355.1pp

Employer contribution / active EE

$2,408

$2,269+6.1%

$4,674-48.5%

$2,624-8.2%

Participant deferral / active EE

$4,533

$2,838+59.7%

$5,628-19.4%

$4,347+4.3%

Admin fee / account holder

$645

$1,743-63.0%

$15,916-96.0%

$1,944-66.8%

Provider

Service type

Compensation

JULY BUSINESS SERVICES9 years

Service code 13 · EIN 74-2715820

400 AUSTIN AVENUE · WACO, TX 76701

Contract Administrator

$68,226

LASALLE STREET SECURITIES LLC9 years

Filed as: LASALLE ST SECURITIES, LLC

Service code 27

3304 SOUTH BROADWAY · TYLER, TX 75701

Advisory (Plan)

$34,789

TRINITY PENSION CONSULTANTS1 year

Filed as: TRINITY CAPITAL MANAGEMENT

Service code 27

821 ESE LOOP 323, SUITE 110 · TYLER, TX 75701

Advisory (Plan)

$8,099

HOSPICE OF EAST TEXAS SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOSPICE OF EAST TEXAS SAFE HARBOR 401(K) 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