Retirement plan

CHA 401K PLAN

Name: COLORADO HOSPITAL ASSOCIATION - CHA 401K PLAN (2023) Form 5500
Creator: COLORADO HOSPITAL ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHA 401K PLAN, COLORADO HOSPITAL ASSOCIATION

COLORADO HOSPITAL ASSOCIATIONEIN 84-0468242Plan #002PY 2023

7335 EAST ORCHARD ROAD STE 100 - GREENWOOD VILLAGE, CO 80111720-330-6039cha.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed December 4, 2020 (most recent of 2 filings on file)

Plan administrator

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7335 E. Orchard Rd., Suite 100

Greenwood Village, CO 80111

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Plans declared (1)

Colorado Hospital Association 457(f) Deferred Compensation Plan1 emp

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Total assets (EOY)

$8.6M

+20.8% from 2022

Total participants

-3.4% from 2022

Average account balance

$153,363

+18.7% from 2022

Annual return

14.91%

+29.80 pp from 2022

Benchmarks

See 9,822 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,822 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.98M

Not enough data

1 years with asset history on file

Average account balance

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

$207K

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.

155.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$845K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+15.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35823

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

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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 codes2E2F2G2J2T3D3H

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.
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

1 tripped

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

$519K

$14408 / participant

Other / not subdivided$519K100.0%

% of EOY assets

6.039%

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

$153,363

$57,285+167.7%

$86,605+77.1%

$75,173+104.0%

Participation rate

97.2%

63.2%+34.0pp

71.7%+25.5pp

67.2%+30.0pp

Annual return

14.91%

2671.04%-2656.1pp

591.39%-576.5pp

160.65%-145.7pp

Employer contribution / active EE

$16,601

$2,315+617.2%

$3,023+449.1%

$2,670+521.7%

Participant deferral / active EE

$9,167

$3,318+176.3%

$4,438+106.6%

$4,126+122.2%

Admin fee / account holder

$9,262

$4,112+125.3%

$5,611+65.1%

$5,651+63.9%

CHA 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHA 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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