Retirement plan

CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC. TSA

Name: CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC. - CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC. TSA (2016) Form 5500
Creator: CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC. TSA, CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC.

CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC.EIN 04-2604427Plan #001PY 2016

78 POMEROY TERRACE - NORTHHAMPTON, MA 01060413-584-1310cutchins.orgLinkedIn201-500 employeesnon-profit organization management

Other plans on this EIN

1 filing

#002Retirement-$319K assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.1M

No prior year

Total participants

193

No prior year

Average account balance

$16,163

No prior year

Annual return

-1.50%

No prior year

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.64M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

129

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.

41.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$248K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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 8 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MML INVESTORS SERVICES INC Service code 53	Insurance Commissions	$10,331
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASS MUTUAL LIFE INS COMPANY Service code 52 · EIN 04-1590850	Indirect Investment Fees	$9,734
BEACON POINTE ADVISORS LLC1+ years Filed as: BEACON BENEFITS, INC. Service code 13 5 CHERRY HILL DRIVE · DANVERS, MA 01923	Contract Administrator	$1,650
DEAN DORTON ALLEN FORD, PLLC1+ years Filed as: DEAN GODEK Service code 53 300 WHITNEY AVE, SUITE 600 · HOLYOKE, MA 01040	Insurance Commissions	$0
LAWRENCE C. MUSGROVE ASSOCIATES1+ years Filed as: LAWRENCE DONN Service code 53 300 WHITNEY AVE, SUITE 600 · HOLYOKE, MA 01040	Insurance Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MML INVESTORS SERVICES IN Service code 53 · EIN 04-2746212	Insurance Commissions	$0
PETER CHANG ENTERPRISES, INC.1+ years Filed as: PETER NOVAK Service code 53 300 WHITNEY AVE, SUITE 600 · HOLYOKE, MA 01040	Insurance Commissions	$0

Plan features & details

Pension benefit codes2F2G2L2M

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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$11K

$69 / participant

Contract admin$11K100.0%

% of EOY assets

0.360%

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: WHITTLESEY & HADLEY, P.C.
Auditor EIN: 060903326
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,163

$46,732-65.4%

$156,551-89.7%

$55,167-70.7%

Participation rate

100.0%

65.8%+34.2pp

84.0%+16.0pp

69.0%+31.0pp

Annual return

-1.50%

17.72%-19.2pp

32.23%-33.7pp

169.23%-170.7pp

Employer contribution / active EE

$514

$2,105-75.6%

$5,501-90.7%

$1,963-73.8%

Participant deferral / active EE

$682

$2,204-69.1%

$4,871-86.0%

$3,054-77.7%

Admin fee / account holder

$58

$418-86.1%

$13,028-99.6%

$504-88.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MML INVESTORS SERVICES INC

Service code 53

Insurance Commissions

$10,331

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASS MUTUAL LIFE INS COMPANY

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$9,734

BEACON POINTE ADVISORS LLC1+ years

Filed as: BEACON BENEFITS, INC.

Service code 13

5 CHERRY HILL DRIVE · DANVERS, MA 01923

Contract Administrator

$1,650

DEAN DORTON ALLEN FORD, PLLC1+ years

Filed as: DEAN GODEK

Service code 53

300 WHITNEY AVE, SUITE 600 · HOLYOKE, MA 01040

Insurance Commissions

LAWRENCE C. MUSGROVE ASSOCIATES1+ years

Filed as: LAWRENCE DONN

Service code 53

300 WHITNEY AVE, SUITE 600 · HOLYOKE, MA 01040

Insurance Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MML INVESTORS SERVICES IN

Service code 53 · EIN 04-2746212

Insurance Commissions

PETER CHANG ENTERPRISES, INC.1+ years

Filed as: PETER NOVAK

Service code 53

300 WHITNEY AVE, SUITE 600 · HOLYOKE, MA 01040

Insurance Commissions

CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC. TSA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC. TSA

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