Retirement plan

HOFFMANN HOSPICE 403(B) PLAN

Name: HOFFMANN HOSPICE OF THE VALLEY, INC. - HOFFMANN HOSPICE 403(B) PLAN (2019) Form 5500
Creator: HOFFMANN HOSPICE OF THE VALLEY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOFFMANN HOSPICE 403(B) PLAN, HOFFMANN HOSPICE OF THE VALLEY, INC.

HOFFMANN HOSPICE OF THE VALLEY, INC.EIN 77-0386207Plan #001PY 2019

4325 BUENA VISTA ROAD, BLDG A - BAKERSFIELD, CA 93311661-410-1010hoffmannhospice.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$4M

+23.6% from 2018

Total participants

264

+13.3% from 2018

Average account balance

$21,730

+15.6% from 2018

Annual return

16.94%

+23.38 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.49M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

190

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.

47.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$789K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19

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
LINCOLN NATIONAL CORPORATION5+ years Service code 13 · EIN 35-0472300	Contract Administrator	$21,859
NATIONWIDE1 year Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 13 · EIN 31-4156830	Contract Administrator	$7,990
QBI, LLC5+ years Service code 13 · EIN 26-2768667	Contract Administrator	$7,210

Plan features & details

Pension benefit codes2F2G2K2L2M2T3D

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$23K

$134 / participant

Contract admin$23K100.0%

% of EOY assets

0.580%

all-in expense ratio

Categories reported

1 / 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: BROWN ARMSTRONG ACCOUNTANCY CORP
Auditor EIN: 953109182
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,730

$52,961-59.0%

$172,752-87.4%

$65,185-66.7%

Participation rate

54.6%

66.2%-11.6pp

82.6%-28.0pp

70.2%-15.6pp

Annual return

16.94%

30.12%-13.2pp

802.97%-786.0pp

29.38%-12.4pp

Employer contribution / active EE

$1,082

$2,190-50.6%

$5,144-79.0%

$2,177-50.3%

Participant deferral / active EE

$2,392

$2,471-3.2%

$5,198-54.0%

$3,514-31.9%

Admin fee / account holder

$126

$472-73.3%

$13,955-99.1%

$847-85.1%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION5+ years

Service code 13 · EIN 35-0472300

Contract Administrator

$21,859

NATIONWIDE1 year

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 13 · EIN 31-4156830

Contract Administrator

$7,990

QBI, LLC5+ years

Service code 13 · EIN 26-2768667

Contract Administrator

$7,210

HOFFMANN HOSPICE 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOFFMANN HOSPICE 403(B) 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