Retirement plan

HOSPITAL CENTRAL SERVICES ASSOCIATION 401(K) PROFIT SHARING

Name: HOSPITAL CENTRAL SERVICES ASSOCIATION - HOSPITAL CENTRAL SERVICES ASSOCIATION 401(K) PROFIT SHARING (2024) Form 5500
Creator: HOSPITAL CENTRAL SERVICES ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOSPITAL CENTRAL SERVICES ASSOCIATION 401(K) PROFIT SHARING, HOSPITAL CENTRAL SERVICES ASSOCIATION

HOSPITAL CENTRAL SERVICES ASSOCIATIONEIN 91-0818155Plan #001PY 2024

1600 M. ST. NW - AUBURN, WA 980014218253-804-5302hcsalaundry.comLinkedIn201-500 employeeshealth, wellness and fitness

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$15.1M

+9.3% from 2023

Total participants

412

-13.8% from 2023

Average account balance

$41,085

+11.1% from 2023

Annual return

9.02%

-11.65 pp from 2023

Benchmarks

See 1,034 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,034 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.08M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

367

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.

83.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90

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 2 by compensation

Provider	Service type	Compensation
CPI QUALIFIED PLAN CONSULTANTS, INC9 years Filed as: CPI QUALIFIED PLAN CONSULTANTS Service code 15 · EIN 48-1205033	Recordkeeping	$17,309
RBC WEALTH MANAGEMENT2 years Filed as: RBC CAPITAL MARKETS LLC Service code 27 200 VESEY ST · NEW YORK, NY 102815525	Advisory (Plan)	$15,814

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$33K

$119 / participant

Recordkeeping$5K16.1%
Investment mgmt$16K47.7%
Contract admin$12K36.2%

% of EOY assets

0.220%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,085

$65,946-37.7%

$81,783-49.8%

$77,671-47.1%

Participation rate

83.9%

65.8%+18.1pp

72.4%+11.5pp

70.6%+13.3pp

Annual return

9.02%

26.65%-17.6pp

775.05%-766.0pp

31.21%-22.2pp

Employer contribution / active EE

$1,929

$2,371-18.6%

$2,913-33.8%

$2,726-29.2%

Participant deferral / active EE

$2,033

$3,507-42.0%

$4,320-52.9%

$4,648-56.3%

Admin fee / account holder

$90

$527-82.9%

$7,380-98.8%

$430-79.0%

Provider

Service type

Compensation

CPI QUALIFIED PLAN CONSULTANTS, INC9 years

Filed as: CPI QUALIFIED PLAN CONSULTANTS

Service code 15 · EIN 48-1205033

Recordkeeping

$17,309

RBC WEALTH MANAGEMENT2 years

Filed as: RBC CAPITAL MARKETS LLC

Service code 27

200 VESEY ST · NEW YORK, NY 102815525

Advisory (Plan)

$15,814

HOSPITAL CENTRAL SERVICES ASSOCIATION 401(K) PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOSPITAL CENTRAL SERVICES ASSOCIATION 401(K) PROFIT SHARING

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