Retirement plan

AMHC TAX DEFERRED ANNUITY PLAN

Name: AROOSTOOK MENTAL HEALTH SERVICES, INC. - AMHC TAX DEFERRED ANNUITY PLAN (2018) Form 5500
Creator: AROOSTOOK MENTAL HEALTH SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMHC TAX DEFERRED ANNUITY PLAN, AROOSTOOK MENTAL HEALTH SERVICES, INC.

AROOSTOOK MENTAL HEALTH SERVICES, INC.EIN 01-0276859Plan #001PY 2018

43 HATCH DRIVE - CARIBOU, ME 04736207-498-6431amhc.orgLinkedIn201-500 employeesmental health care

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$7.8M

-9.3% from 2017

Total participants

425

+1.7% from 2017

Average account balance

$31,428

-5.3% from 2017

Annual return

10.44%

-1.01 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.14M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

322

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.

47.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$741K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+16.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Filed as: FIDELITY INVESTMENTS Service code 64 · EIN 04-2647786	Recordkeeping Fees	$2,553
RETIREMENT SOLUTION GROUP3+ years Service code 13 · EIN 20-2668095	Contract Administrator	$1,750
AMERICAN FUNDS3+ years Filed as: CAPITAL RESEARCH & MANAGEMENT CO. Service code 64 · EIN 95-6817943	Recordkeeping Fees	$450

Plan features & details

Pension benefit codes2A2F2G2L2T3D

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).
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$9 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.033%

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: CHESTER M. KEARNEY
Auditor EIN: 010411241
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,428

$37,196-15.5%

$154,111-79.6%

$55,725-43.6%

Participation rate

34.8%

64.1%-29.3pp

83.0%-48.2pp

70.9%-36.1pp

Annual return

10.44%

1319.68%-1309.2pp

735.18%-724.7pp

244.93%-234.5pp

Employer contribution / active EE

$1,614-100.0%

$5,298-100.0%

$2,078-100.0%

Participant deferral / active EE

$849

$2,068-59.0%

$5,081-83.3%

$3,356-74.7%

Admin fee / account holder

$10

$102-89.8%

$13,411-99.9%

$115-91.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Filed as: FIDELITY INVESTMENTS

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$2,553

RETIREMENT SOLUTION GROUP3+ years

Service code 13 · EIN 20-2668095

Contract Administrator

$1,750

AMERICAN FUNDS3+ years

Filed as: CAPITAL RESEARCH & MANAGEMENT CO.

Service code 64 · EIN 95-6817943

Recordkeeping Fees

$450

AMHC TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMHC TAX DEFERRED ANNUITY 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