Retirement plan

SKILLS, INC. 403(B) RETIREMENT PLAN

Name: SKILLS, INC. - SKILLS, INC. 403(B) RETIREMENT PLAN (2019) Form 5500
Creator: SKILLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SKILLS, INC. 403(B) RETIREMENT PLAN, SKILLS, INC.

SKILLS, INC.EIN 01-0272879Plan #003PY 2019

PO BOX 65 - SAINT ALBANS, ME 049710065207-938-4615LinkedIn51-200 employeescivic & social organization

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2M

+12.4% from 2018

Total participants

200

-18.7% from 2018

Average account balance

$16,802

+46.9% from 2018

Annual return

14.80%

+17.28 pp from 2018

Benchmarks

See 5,341 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,341 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.16M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

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.

41.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$168K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2965

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 COMPANY · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$10,870
VALMARK ADVISERS INC2 years Filed as: VALMARK ADVISORS INC Service code 27 130 SPRINGSIDE DRIVE STE 300 · AKRON, OH 44333	Advisory (Plan)	$7,161
DOWNEAST PENSION SERVICES, INC.2 years Filed as: DOWNEAST PENSION SERVICES INC Service code 13 41 CAMPUS DR STE 302 · NEW GLOUCESTER, ME 04260	Contract Administrator	$5,696

Plan features & details

Pension benefit codes2F2G2M2T

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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$21K

$113 / participant

Contract admin$21K100.0%

% of EOY assets

1.047%

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: ONE RIVER CPAS
Auditor EIN: 010493997
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,802

$52,967-68.3%

$172,753-90.3%

$65,186-74.2%

Participation rate

54.4%

66.2%-11.8pp

82.6%-28.3pp

70.2%-15.8pp

Annual return

14.80%

30.12%-15.3pp

803.00%-788.2pp

29.39%-14.6pp

Employer contribution / active EE

$371

$2,190-83.1%

$5,144-92.8%

$2,177-83.0%

Participant deferral / active EE

$477

$2,471-80.7%

$5,198-90.8%

$3,514-86.4%

Admin fee / account holder

$176

$472-62.7%

$13,956-98.7%

$847-79.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

COMPANY · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$10,870

VALMARK ADVISERS INC2 years

Filed as: VALMARK ADVISORS INC

Service code 27

130 SPRINGSIDE DRIVE STE 300 · AKRON, OH 44333

Advisory (Plan)

$7,161

DOWNEAST PENSION SERVICES, INC.2 years

Filed as: DOWNEAST PENSION SERVICES INC

Service code 13

41 CAMPUS DR STE 302 · NEW GLOUCESTER, ME 04260

Contract Administrator

$5,696

SKILLS, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SKILLS, INC. 403(B) RETIREMENT 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