Retirement plan

THE MENTAL HEALTH CENTER OF GREATER MANCHESTER TAX SHELTERED ANNUITY PLAN

Name: THE MENTAL HEALTH CENTER OF GREATER MANCHESTER - THE MENTAL HEALTH CENTER OF GREATER MANCHESTER TAX SHELTERED ANNUITY PLAN (2023) Form 5500
Creator: THE MENTAL HEALTH CENTER OF GREATER MANCHESTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MENTAL HEALTH CENTER OF GREATER MANCHESTER TAX SHELTERED ANNUITY PLAN, THE MENTAL HEALTH CENTER OF GREATER MANCHESTER

THE MENTAL HEALTH CENTER OF GREATER MANCHESTEREIN 02-0258994Plan #001PY 2023

401 CYPRESS ST - MANCHESTER, NH 031033628603-668-4111mhcgm.orgLinkedIn201-500 employeesmental health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$29.1M

+1.1% from 2022

Total participants

610

-3.5% from 2022

Average account balance

$74,898

+4.4% from 2022

Annual return

16.25%

+35.09 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.37M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

370

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.

49.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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 2 by compensation

Provider	Service type	Compensation
FINANCIAL STRATEGIES GROUP1 year Filed as: FINANCIAL STRATEGIES RETIREMENT PAR Service code 27 3 EXECUTIVE PARK DRIVE · BEDFORD, NH 03110	Advisory (Plan)	$43,059
PCS RETIREMENT, LLC2 years Filed as: PCS RETIREMENT LLC Service code 15 · EIN 23-3038464	Recordkeeping	$36,572

Plan features & details

Pension benefit codes2F2G2L2M2T3D

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.
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

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

$84K

$180 / participant

Recordkeeping$37K43.4%
Investment mgmt$43K51.1%
Other / not subdivided$5K5.5%

% of EOY assets

0.290%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER NEWMAN & NOYES LLC
Auditor EIN: 010494526
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,898

$47,163+58.8%

$149,696-50.0%

$74,460+0.6%

Participation rate

52.6%

63.4%-10.9pp

78.8%-26.2pp

70.7%-18.2pp

Annual return

16.25%

22.75%-6.5pp

134.46%-118.2pp

34.38%-18.1pp

Employer contribution / active EE

$1,591

$1,907-16.6%

$4,821-67.0%

$2,638-39.7%

Participant deferral / active EE

$2,984

$2,730+9.3%

$5,682-47.5%

$4,530-34.1%

Admin fee / account holder

$217

$343-36.7%

$13,212-98.4%

$348-37.5%

Provider

Service type

Compensation

FINANCIAL STRATEGIES GROUP1 year

Filed as: FINANCIAL STRATEGIES RETIREMENT PAR

Service code 27

3 EXECUTIVE PARK DRIVE · BEDFORD, NH 03110

Advisory (Plan)

$43,059

PCS RETIREMENT, LLC2 years

Filed as: PCS RETIREMENT LLC

Service code 15 · EIN 23-3038464

Recordkeeping

$36,572

THE MENTAL HEALTH CENTER OF GREATER MANCHESTER TAX SHELTERED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MENTAL HEALTH CENTER OF GREATER MANCHESTER TAX SHELTERED 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