Retirement plan

PARTNERS IN CARE 403(B) PLAN

Name: PARTNERS IN CARE - PARTNERS IN CARE 403(B) PLAN (2023) Form 5500
Creator: PARTNERS IN CARE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARTNERS IN CARE 403(B) PLAN, PARTNERS IN CARE

PARTNERS IN CAREEIN 93-0756143Plan #001PY 2023

2075 NE WYATT COURT - BEND, OR 97701541-382-5882partnersbend.orgLinkedIn201-500 employeeshospital & health care

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.1M

+20.5% from 2022

Total participants

268

+1.9% from 2022

Average account balance

$50,668

+20.0% from 2022

Annual return

16.41%

+26.69 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.58M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

260

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.74M

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

+13.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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
RBC WEALTH MANAGEMENT5 years Service code 26 1918 - 8TH AVENUE, SUITE 3600 · SEATTLE, WA 981011214	Advisory (Participants)	$28,350
RANDALL & HURLEY, INC.5 years Filed as: RANDALL & HURLEY Service code 15 · EIN 91-1661080 1328 N. WHITMAN LANE · LIBERTY LAKE, WA 99019	Recordkeeping	$5,154

Plan features & details

Pension benefit codes2F2G2J2M2T3D2S

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$34K

$160 / participant

Recordkeeping$5K15.2%
Trustee / custodial$3501.0%
Investment mgmt$28K83.8%

% of EOY assets

0.258%

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: JONES & ROTH, P.C.
Auditor EIN: 930819646
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,668

$61,356-17.4%

$149,696-66.2%

$71,511-29.1%

Participation rate

95.8%

62.5%+33.2pp

78.8%+17.0pp

67.9%+27.8pp

Annual return

16.41%

35.86%-19.4pp

134.46%-118.0pp

28.86%-12.4pp

Employer contribution / active EE

$3,091

$2,382+29.8%

$4,821-35.9%

$2,589+19.4%

Participant deferral / active EE

$6,348

$2,920+117.4%

$5,682+11.7%

$4,291+47.9%

Admin fee / account holder

$131

$1,263-89.7%

$13,212-99.0%

$1,588-91.8%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT5 years

Service code 26

1918 - 8TH AVENUE, SUITE 3600 · SEATTLE, WA 981011214

Advisory (Participants)

$28,350

RANDALL & HURLEY, INC.5 years

Filed as: RANDALL & HURLEY

Service code 15 · EIN 91-1661080

1328 N. WHITMAN LANE · LIBERTY LAKE, WA 99019

Recordkeeping

$5,154

PARTNERS IN CARE 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARTNERS IN CARE 403(B) 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