Retirement plan

SHARP HEALTHCARE 403(B) TAX DEFERRED RETIREMENT PLAN

Name: SHARP HEALTHCARE - SHARP HEALTHCARE 403(B) TAX DEFERRED RETIREMENT PLAN (2017) Form 5500
Creator: SHARP HEALTHCARE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHARP HEALTHCARE 403(B) TAX DEFERRED RETIREMENT PLAN, SHARP HEALTHCARE

SHARP HEALTHCAREEIN 95-6077327Plan #006PY 2017

8695 SPECTRUM CENTER BLVD - SAN DIEGO, CA 921231489858-499-5280sharp.comLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

3 filings

#002Retirement-$741.1M assets #003Retirement-$377.2M assets #001Retirement-$130.7M assets

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed November 11, 2002 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$349.2M

-14.0% from 2016

Total participants

18,703

-2.3% from 2016

Average account balance

$68,000

-7.5% from 2016

Annual return

17.29%

-4.11 pp from 2016

Benchmarks

See 207 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort207 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$744.06M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

8,363

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.

34.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$75

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 8 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION3+ years Service code 13 · EIN 35-1140070	Contract Administrator	$458,022
DENNIS G. JENKINS, CPA,LLC3+ years Filed as: DENNIS T WILLIAMS Service code 16 LINCOLN FINANCIAL ADVISORS · SAN DIEGO, CA 92108	Consulting	$30,988
STEVEN D EISENBERG CPA PA3+ years Filed as: STEVEN S CANNON Service code 16 LINCOLN FINANCIAL ADVISORS · SAN DIEGO, CA 92108	Consulting	$21,806
JUDY L SMITH3+ years Service code 16 LINCOLN FINANCIAL ADVISORS · SAN DIEGO, CA 92108	Consulting	$18,363
GALLAGHER FIDUCIARY ADVISORS, LLC3+ years Filed as: ARTHUR J PARRY Service code 16 LINCOLN FINANCIAL ADVISORS · SAN DIEGO, CA 92108	Consulting	$17,216
CALIFORNIA RETIREMENT PLANS, INC.1 year Filed as: CALIFORNIA FRINGE BENEFIT & IN Service code 16 LINCOLN FINANCIAL ADVISORS · SAN DIEGO, CA 92108	Consulting	$14,920
MAUREEN DOHERTY3+ years Filed as: MAUREEN HUTTEL Service code 16 LINCOLN FINANCIAL ADVISORS · SAN DIEGO, CA 92108	Consulting	$11,477
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE Service code 19 200 S 108TH AVE · OMAHA, NE 68154	Securities Custodian	$1,525

Plan features & details

Pension benefit codes2F2G2L2M2T3H

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$283K

$16 / participant

Contract admin$283K100.0%

% of EOY assets

0.081%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Adverse opinion

Adverse opinion - the financial statements do not fairly present the plan's financial position.

Auditor firm: HUTCHINSON & BLOODGOOD LLP
Auditor EIN: 950858589
Audit fees: (not subdivided)
Opinion code: Adverse

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,000

$53,684+26.7%

$170,435-60.1%

$80,976-16.0%

Participation rate

24.3%

69.2%-44.9pp

83.6%-59.3pp

68.3%-44.0pp

Annual return

17.29%

25.97%-8.7pp

205.94%-188.6pp

22.91%-5.6pp

Employer contribution / active EE

$1,642-100.0%

$5,432-100.0%

$2,402-100.0%

Participant deferral / active EE

$1,878

$3,017-37.8%

$4,939-62.0%

$3,848-51.2%

Admin fee / account holder

$55

$46+18.8%

$13,881-99.6%

$67-18.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$458,022

DENNIS G. JENKINS, CPA,LLC3+ years

Filed as: DENNIS T WILLIAMS

Service code 16