Retirement plan

SALEMHAVEN, INC. RETIREMENT PROGRAM

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

SALEMHAVEN, INC.EIN 02-0325847Plan #001PY 2019

23 GEREMONTY DRIVE - SALEM, NH 03079603-893-5586salemhaven.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.7M

+32.6% from 2018

Total participants

164

-3.0% from 2018

Average account balance

$40,576

+38.6% from 2018

Annual return

26.94%

+30.77 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.71M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

51.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$253K

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

+14.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2049

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 4 by compensation

Provider	Service type	Compensation
EDWARD JONES3 years Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131	Advisory (Plan)	$5,446
COMPASS 360, LLC3 years Filed as: COMPASS RETIREMENT CONSULTING GROUP Service code 13 · EIN 81-1939215 118 PORTSMOUTH AVE · STRATHAM, NH 038852487	Contract Administrator	$2,434
AMERICAN FUNDS3 years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 · EIN 81-1939215 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$413
LINCOLN NATIONAL CORPORATION5+ years Service code 13 · EIN 35-1140070	Contract Administrator	$53

Plan features & details

Pension benefit codes2E2F2G2K2L2M2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$238

$2 / participant

Contract admin$238100.0%

% of EOY assets

0.009%

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: BERRY DUNN MCNEIL & PARKER
Auditor EIN: 010523282
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,576

$52,961-23.4%

$172,752-76.5%

$65,185-37.8%

Participation rate

27.6%

66.2%-38.6pp

82.6%-55.0pp

70.2%-42.6pp

Annual return

26.94%

30.12%-3.2pp

802.97%-776.0pp

29.38%-2.4pp

Employer contribution / active EE

$407

$2,190-81.4%

$5,144-92.1%

$2,177-81.3%

Participant deferral / active EE

$1,200

$2,471-51.4%

$5,198-76.9%

$3,514-65.9%

Admin fee / account holder

$472-99.2%

$13,955-100.0%

$847-99.6%

Provider

Service type

Compensation

EDWARD JONES3 years

Service code 27

12555 MANCHESTER RD · ST LOUIS, MO 63131

Advisory (Plan)

$5,446

COMPASS 360, LLC3 years

Filed as: COMPASS RETIREMENT CONSULTING GROUP

Service code 13 · EIN 81-1939215

118 PORTSMOUTH AVE · STRATHAM, NH 038852487

Contract Administrator

$2,434

AMERICAN FUNDS3 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64 · EIN 81-1939215

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$413

LINCOLN NATIONAL CORPORATION5+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$53

SALEMHAVEN, INC. RETIREMENT PROGRAM

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SALEMHAVEN, INC. RETIREMENT PROGRAM

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