Retirement plan

ST. BERNARDS PHYSICIAN CLINICS INC. RETIREMENT PLAN

Name: ST. BERNARDS PHYSICIAN CLINICS - ST. BERNARDS PHYSICIAN CLINICS INC. RETIREMENT PLAN (2024) Form 5500
Creator: ST. BERNARDS PHYSICIAN CLINICS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ST. BERNARDS PHYSICIAN CLINICS INC. RETIREMENT PLAN, ST. BERNARDS PHYSICIAN CLINICS

ST. BERNARDS PHYSICIAN CLINICSEIN 87-1439061Plan #001PY 2024

800 S. MAIN ST - JONESBORO, AR 724013548870-932-7024

Prospect flagsHigh feesHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$112.5M

+26.1% from 2023

Total participants

797

-31.9% from 2023

Average account balance

$141,162

+59.0% from 2023

Annual return

23.27%

+10.33 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

$112.51M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

797

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+23.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$519

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
SIMMONS BANK3+ years Filed as: SIMMONS WEALTH MANAGEMENT Service code 16 501 MAIN ST. · PINE BLUFF, AR 71601	Consulting	$310,529
PCS RETIREMENT, LLC3+ years Service code 64 · EIN 82-2384824 9460 SW GEMINI DR. PMB 65198 · BEAVERTON, OR 970087105	Recordkeeping Fees	$94,007
SOUTHEASTERN EMPLOYEE BENEFIT SERVI3+ years Service code 15 · EIN 20-5923747	Recordkeeping	$9,284

Plan features & details

Pension benefit codes2A2E2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$414K

$530 / participant

Investment mgmt$414K100.0%

% of EOY assets

0.368%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,162

$50,902+177.3%

$155,534-9.2%

$77,736+81.6%

Participation rate

100.0%

63.1%+36.9pp

78.2%+21.8pp

70.6%+29.4pp

Annual return

23.27%

34.85%-11.6pp

64.92%-41.6pp

31.26%-8.0pp

Employer contribution / active EE

$3,236

$1,991+62.5%

$4,675-30.8%

$2,728+18.6%

Participant deferral / active EE

$4,416

$2,824+56.4%

$5,630-21.6%

$4,651-5.0%

Admin fee / account holder

$519

$437+18.8%

$15,900-96.7%

$433+19.8%

Provider

Service type

Compensation

SIMMONS BANK3+ years

Filed as: SIMMONS WEALTH MANAGEMENT

Service code 16

501 MAIN ST. · PINE BLUFF, AR 71601

Consulting

$310,529

PCS RETIREMENT, LLC3+ years

Service code 64 · EIN 82-2384824

9460 SW GEMINI DR. PMB 65198 · BEAVERTON, OR 970087105

Recordkeeping Fees

$94,007

SOUTHEASTERN EMPLOYEE BENEFIT SERVI3+ years

Service code 15 · EIN 20-5923747

Recordkeeping

$9,284

ST. BERNARDS PHYSICIAN CLINICS INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ST. BERNARDS PHYSICIAN CLINICS INC. RETIREMENT 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