Retirement plan

COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC. 401(K) SAVINGS PLAN

Name: COMMUNITY HEALTH CENTERS - COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC. 401(K) SAVINGS PLAN (2018) Form 5500
Creator: COMMUNITY HEALTH CENTERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC. 401(K) SAVINGS PLAN, COMMUNITY HEALTH CENTERS

COMMUNITY HEALTH CENTERSEIN 95-3253302Plan #001PY 2018

2050 BLOSSER ROAD - SANTA MARIA, CA 93458805-929-3211communityhealthcenters.orgLinkedIn501-1000 employeeshospital & health care

Prospect flagsLow fidelity bondCorrective distributions

Top hat statement on fileNQDC

Filed January 4, 2018 (most recent of 2 filings on file)

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Total assets (EOY)

$34.8M

+10.2% from 2017

Total participants

1,123

+3.8% from 2017

Average account balance

$31,124

+3.3% from 2017

Annual return

-4.12%

-23.23 pp from 2017

Benchmarks

See 845 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort845 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$87.21M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

1,179

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3 years Service code 55 · EIN 26-4310632	Other Commissions	$91,425
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	$15,750

Plan features & details

Pension benefit codes2A2E2F2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$16K

$19 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.045%

all-in expense ratio

Categories reported

0 / 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: OSCAR G. ARMIJO, CPA
Auditor EIN: 330278891
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,124

$43,999-29.3%

$79,467-60.8%

$55,725-44.1%

Participation rate

99.5%

66.9%+32.6pp

73.3%+26.2pp

70.9%+28.7pp

Annual return

-4.12%

1.81%-5.9pp

718.30%-722.4pp

244.93%-249.1pp

Employer contribution / active EE

$4,995

$1,830+173.0%

$2,800+78.4%

$2,078+140.4%

Participant deferral / active EE

$3,816

$2,538+50.4%

$3,704+3.0%

$3,356+13.7%

Admin fee / account holder

$14

$118-88.0%

$5,104-99.7%

$115-87.8%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3 years

Service code 55 · EIN 26-4310632

Other Commissions

$91,425

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

$15,750

COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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