Retirement plan

PENSACOLA HEALTH PARTNERS 401K PLAN

Name: PENSACOLA HEALTH PARTNERS - PENSACOLA HEALTH PARTNERS 401K PLAN (2024) Form 5500
Creator: PENSACOLA HEALTH PARTNERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSACOLA HEALTH PARTNERS 401K PLAN, PENSACOLA HEALTH PARTNERS

PENSACOLA HEALTH PARTNERSEIN 88-0867677Plan #001PY 2024

300 PROVIDER COURT - RICHMOND, KY 40475859-623-0898

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.2M

+45.2% from 2023

Total participants

1,155

+7.2% from 2023

Average account balance

$2,361

-2.9% from 2023

Annual return

14.41%

-75.86 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

$2.17M

Not enough data

1 years with asset history on file

Average account balance

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

$2K

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.

919

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.

70.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$759K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$935

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

+14.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24

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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO. OF AM Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$23,794
ROBIN S. WEINGAST & ASSOCIATES, INC1 year Filed as: ROBIN S WEINGAST & ASSOCIATES, INC. Service code 13 GARDEN CITY CENTER · GARDEN CITY, NY 11530	Contract Administrator	$15,350
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Service code 99 6504 BRIDGE POINT PKWY · AUSTIN, TX 787305097	Other Fees	$868
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$236

Plan features & details

Pension benefit codes2E2G2J2K2S2U3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$22K

$27 / participant

Contract admin$22K100.0%

% of EOY assets

1.009%

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: BALDWIN, CPAS, PLLC
Auditor EIN: 201416603
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$2,361

$50,902-95.4%

$155,534-98.5%

$77,736-97.0%

Participation rate

70.9%

63.1%+7.8pp

78.2%-7.3pp

70.6%+0.4pp

Annual return

14.41%

34.85%-20.4pp

64.92%-50.5pp

31.26%-16.8pp

Employer contribution / active EE

$1,991-100.0%

$4,675-100.0%

$2,728-100.0%

Participant deferral / active EE

$935

$2,824-66.9%

$5,630-83.4%

$4,651-79.9%

Admin fee / account holder

$24

$437-94.5%

$15,900-99.9%

$433-94.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO. OF AM

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$23,794

ROBIN S. WEINGAST & ASSOCIATES, INC1 year

Filed as: ROBIN S WEINGAST & ASSOCIATES, INC.

Service code 13

GARDEN CITY CENTER · GARDEN CITY, NY 11530

Contract Administrator

$15,350

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Service code 99

6504 BRIDGE POINT PKWY · AUSTIN, TX 787305097

Other Fees

$868

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$236

PENSACOLA HEALTH PARTNERS 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSACOLA HEALTH PARTNERS 401K 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