Retirement plan

HOSPITAL CENTRAL SERVICES ASSOCIATION 401(K) PROFIT SHARING

Name: HOSPITAL CENTRAL SERVICES ASSOCIATION - HOSPITAL CENTRAL SERVICES ASSOCIATION 401(K) PROFIT SHARING (2020) 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 2020

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)

$13.3M

+23.1% from 2019

Total participants

407

+15.6% from 2019

Average account balance

$38,232

+18.9% from 2019

Annual return

24.18%

+1.18 pp from 2019

Benchmarks

See 874 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort874 peers

Snapshot2020

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, INC5 years Filed as: CPI QUALIFIED PLAN CONSULTANTS Service code 15 · EIN 48-1205033	Recordkeeping	$15,768
RBC WEALTH MANAGEMENT2 years Filed as: RBC CAPITAL MARKETS, LLC Service code 27 1918 8TH AVE STE 3600 · SEATTLE, WA 981011214	Advisory (Plan)	$12,696

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

$31K

$117 / participant

Investment mgmt$15K48.5%
Contract admin$16K51.5%

% of EOY assets

0.231%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,232

$52,722-27.5%

$90,430-57.7%

$73,412-47.9%

Participation rate

77.1%

67.7%+9.4pp

72.7%+4.4pp

72.2%+4.9pp

Annual return

24.18%

20.70%+3.5pp

1293.73%-1269.5pp

59.30%-35.1pp

Employer contribution / active EE

$1,535

$1,872-18.0%

$3,262-52.9%

$2,234-31.3%

Participant deferral / active EE

$1,366

$2,810-51.4%

$3,963-65.5%

$3,806-64.1%

Admin fee / account holder

$88

$117-24.4%

$5,613-98.4%

$158-44.1%

Provider

Service type

Compensation

CPI QUALIFIED PLAN CONSULTANTS, INC5 years

Filed as: CPI QUALIFIED PLAN CONSULTANTS

Service code 15 · EIN 48-1205033

Recordkeeping

$15,768

RBC WEALTH MANAGEMENT2 years

Filed as: RBC CAPITAL MARKETS, LLC

Service code 27

1918 8TH AVE STE 3600 · SEATTLE, WA 981011214

Advisory (Plan)

$12,696

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