Retirement plan

SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC. 401K RETIREMENT PLAN

Name: SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC. - SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC. 401K RETIREMENT PLAN (2017) Form 5500
Creator: SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC. 401K RETIREMENT PLAN, SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC.

SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC.EIN 04-2515020Plan #001PY 2017

61 MEDFORD ST - SOMERVILLE, MA 021433429617-628-2601eldercare.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$7M

+16.4% from 2016

Total participants

220

+6.8% from 2016

Average account balance

$39,071

+13.2% from 2016

Annual return

11.82%

+11.06 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.30M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

242

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$732K

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

+10.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$284

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$19,745
SUMMIT FINANCIAL CORPORATION2+ years Service code 13 7 NEW ENGLAND EXECUTIVE PK · BURLINGTON, MA 01803	Contract Administrator	$13,370
COMMONWEALTH FINANCIAL NETWORK2+ years Service code 33 29 SAWYER ROAD · WALTHAM, MA 02453	Other fees; Securities brokerage	$8,180

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$37K

$236 / participant

Contract admin$37K100.0%

% of EOY assets

0.524%

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: ANSTISS & CO., P.C.
Auditor EIN: 042917204
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,071

$55,453-29.5%

$170,435-77.1%

$62,293-37.3%

Participation rate

74.4%

66.4%+8.0pp

83.6%-9.2pp

69.5%+4.8pp

Annual return

11.82%

21.38%-9.6pp

205.94%-194.1pp

28.90%-17.1pp

Employer contribution / active EE

$955

$2,164-55.9%

$5,432-82.4%

$2,042-53.2%

Participant deferral / active EE

$2,275

$2,303-1.2%

$4,939-53.9%

$3,169-28.2%

Admin fee / account holder

$205

$455-55.0%

$13,881-98.5%

$479-57.3%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$19,745

SUMMIT FINANCIAL CORPORATION2+ years

Service code 13

7 NEW ENGLAND EXECUTIVE PK · BURLINGTON, MA 01803

Contract Administrator

$13,370

COMMONWEALTH FINANCIAL NETWORK2+ years

Service code 33

29 SAWYER ROAD · WALTHAM, MA 02453

Other fees; Securities brokerage

$8,180

SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC. 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC. 401K RETIREMENT 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