Retirement plan

CARING FAMILIES, INC. DBA HARRIS HOUSE 401(K) PLAN

Name: CARING FAMILIES, INC. DBA HARRIS HOUSE - CARING FAMILIES, INC. DBA HARRIS HOUSE 401(K) PLAN (2019) Form 5500
Creator: CARING FAMILIES, INC. DBA HARRIS HOUSE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARING FAMILIES, INC. DBA HARRIS HOUSE 401(K) PLAN, CARING FAMILIES, INC. DBA HARRIS HOUSE

CARING FAMILIES, INC. DBA HARRIS HOUSEEIN 01-0525617Plan #001PY 2019

P.O. BOX 1408 - LEWISTON, ME 042431408207-786-3554

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$454K

+31.0% from 2018

Total participants

+10.0% from 2018

Average account balance

$32,397

+31.0% from 2018

Annual return

22.36%

+28.14 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$890K

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.

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.

20.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$498

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

+16.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$700

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J2T3D

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$3K

$42 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.697%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,397

$85,171-62.0%

$172,752-81.2%

$72,975-55.6%

Participation rate

16.0%

70.1%-54.1pp

82.6%-66.6pp

69.5%-53.5pp

Annual return

22.36%

27.32%-5.0pp

802.97%-780.6pp

81.01%-58.7pp

Employer contribution / active EE

$3,324-100.0%

$5,144-100.0%

$2,440-100.0%

Participant deferral / active EE

$437

$3,260-86.6%

$5,198-91.6%

$3,608-87.9%

Admin fee / account holder

$226

$5,880-96.2%

$13,955-98.4%

$5,124-95.6%

CARING FAMILIES, INC. DBA HARRIS HOUSE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARING FAMILIES, INC. DBA HARRIS HOUSE 401(K) 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