Retirement plan

ELDER SERVICES OF THE MERRIMACK VALLEY, INC. TAX S

Name: ELDER SERVICES OF THE MERRIMACK VAL - ELDER SERVICES OF THE MERRIMACK VALLEY, INC. TAX S (2016) Form 5500
Creator: ELDER SERVICES OF THE MERRIMACK VAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELDER SERVICES OF THE MERRIMACK VALLEY, INC. TAX S, ELDER SERVICES OF THE MERRIMACK VAL

ELDER SERVICES OF THE MERRIMACK VALEIN 04-2545136Plan #001PY 2016

280 MERRIMACK STREET, SUITE 400 - LAWRENCE, MA 01843978-683-7747agespan.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$12.6M

+15.4% from 2015

Total participants

351

+4.2% from 2015

Average account balance

$42,874

+14.3% from 2015

Annual return

9.00%

+1.22 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.53M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

424

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.

68.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.67M

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

+14.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19

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 3 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC2+ years Filed as: NFP INSURANCE SERVICES INC Service code 53 · EIN 74-2470431	Insurance Commissions	$17,279
KESTRA INVESTMENT SERVICES LLC1 year Service code 53 · EIN 74-2794194	Insurance Commissions	$6,427
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$4,436

Plan features & details

Pension benefit codes2M2L2F2G2T

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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4K

$15 / participant

Contract admin$4K97.2%
Other / not subdivided$1252.8%

% of EOY assets

0.035%

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: CITRIN COOPERMAN & COMPANY LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,874

$36,916+16.1%

$156,551-72.6%

$57,658-25.6%

Participation rate

81.5%

63.4%+18.1pp

84.0%-2.5pp

70.2%+11.3pp

Annual return

9.00%

12.38%-3.4pp

32.23%-23.2pp

5.13%+3.9pp

Employer contribution / active EE

$1,412

$1,571-10.1%

$5,501-74.3%

$1,974-28.5%

Participant deferral / active EE

$2,274

$1,926+18.1%

$4,871-53.3%

$3,061-25.7%

Admin fee / account holder

$15

$82-81.8%

$13,028-99.9%

$95-84.1%

Provider

Service type

Compensation

NFP RETIREMENT INC2+ years

Filed as: NFP INSURANCE SERVICES INC

Service code 53 · EIN 74-2470431

Insurance Commissions

$17,279

KESTRA INVESTMENT SERVICES LLC1 year

Service code 53 · EIN 74-2794194

Insurance Commissions

$6,427

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$4,436

ELDER SERVICES OF THE MERRIMACK VALLEY, INC. TAX S

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELDER SERVICES OF THE MERRIMACK VALLEY, INC. TAX S

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