Retirement plan

HOSPITAL CENTRAL SERVICES ASSOCIATION 401(K) PROFIT SHARING PLAN

Name: HOSPITAL CENTRAL SERVICES ASSOCIATION - HOSPITAL CENTRAL SERVICES ASSOCIATION 401(K) PROFIT SHARING PLAN (2016) 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 PLAN, HOSPITAL CENTRAL SERVICES ASSOCIATION

HOSPITAL CENTRAL SERVICES ASSOCIATIONEIN 91-0818155Plan #001PY 2016

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$7.5M

+7.4% from 2015

Total participants

270

+19.5% from 2015

Average account balance

$32,677

-3.8% from 2015

Annual return

7.52%

+6.92 pp from 2015

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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, INC1 year Filed as: CPI QUALIFIED PLAN CONSULTANTS Service code 15 · EIN 48-1205033	Recordkeeping	$10,785
CMFG LIFE INSURANCE COMPANY1 year Service code 15	Recordkeeping	$7,917

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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$11K

$60 / participant

Contract admin$11K100.0%

% of EOY assets

0.143%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,677

$43,423-24.7%

$78,676-58.5%

$55,167-40.8%

Participation rate

77.9%

68.0%+9.9pp

73.6%+4.3pp

69.0%+8.9pp

Annual return

7.52%

11.53%-4.0pp

62.19%-54.7pp

169.23%-161.7pp

Employer contribution / active EE

$1,339

$1,997-33.0%

$2,850-53.0%

$1,963-31.8%

Participant deferral / active EE

$1,261

$2,509-49.7%

$3,517-64.1%

$3,054-58.7%

Admin fee / account holder

$47

$416-88.7%

$4,510-99.0%

$504-90.7%

Provider

Service type

Compensation

CPI QUALIFIED PLAN CONSULTANTS, INC1 year

Filed as: CPI QUALIFIED PLAN CONSULTANTS

Service code 15 · EIN 48-1205033

Recordkeeping

$10,785

CMFG LIFE INSURANCE COMPANY1 year

Service code 15

Recordkeeping

$7,917

HOSPITAL CENTRAL SERVICES ASSOCIATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOSPITAL CENTRAL SERVICES ASSOCIATION 401(K) PROFIT SHARING 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