Retirement plan

MERRIMACK VALLEY DAY CARE SERVICE STAFF INCENTIVE PLAN AND TRUST

Name: MERRIMACK VALLEY DAY CARE SERVICE - MERRIMACK VALLEY DAY CARE SERVICE STAFF INCENTIVE PLAN AND TRUST (2023) Form 5500
Creator: MERRIMACK VALLEY DAY CARE SERVICE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERRIMACK VALLEY DAY CARE SERVICE STAFF INCENTIVE PLAN AND TRUST, MERRIMACK VALLEY DAY CARE SERVICE

MERRIMACK VALLEY DAY CARE SERVICEEIN 02-6019236Plan #001PY 2023

19 NORTH FRUIT ST - CONCORD, NH 03301603-224-1632LinkedIn11-50 employeesindividual & family services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$461K

+11.2% from 2022

Total participants

+4.4% from 2022

Average account balance

$10,479

+13.7% from 2022

Annual return

11.61%

+27.76 pp from 2022

Benchmarks

See 20,797 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,797 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$556K

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

135.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$79K

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

+8.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$559

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 codes2E2F2G2J2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$52K

$1796 / participant

Other / not subdivided$52K100.0%

% of EOY assets

11.297%

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

$10,479

$77,920-86.6%

$149,723-93.0%

$75,177-86.1%

Participation rate

89.7%

65.6%+24.1pp

78.8%+10.9pp

67.2%+22.5pp

Annual return

11.61%

31.72%-20.1pp

134.50%-122.9pp

160.75%-149.1pp

Employer contribution / active EE

$392

$3,138-87.5%

$4,821-91.9%

$2,671-85.3%

Participant deferral / active EE

$1,084

$3,411-68.2%

$5,682-80.9%

$4,126-73.7%

Admin fee / account holder

$1,184

$5,951-80.1%

$13,215-91.0%

$5,651-79.1%

MERRIMACK VALLEY DAY CARE SERVICE STAFF INCENTIVE PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERRIMACK VALLEY DAY CARE SERVICE STAFF INCENTIVE PLAN AND TRUST

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