Retirement plan

SPRINGWELL RETIREMENT PLAN

Name: SPRINGWELL, INC. - SPRINGWELL RETIREMENT PLAN (2020) Form 5500
Creator: SPRINGWELL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPRINGWELL RETIREMENT PLAN, SPRINGWELL, INC.

SPRINGWELL, INC.EIN 04-2616064Plan #004PY 2020

307 WAVERLY OAKS ROAD, SUITE 205 - WALTHAM, MA 02452617-926-4100springwell.comLinkedIn201-500 employeesindividual & family services

Other plans on this EIN

1 filing

#005Retirement-$99K assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$5.3M

+0.6% from 2019

Total participants

203

+4.6% from 2019

Average account balance

$30,093

-12.6% from 2019

Annual return

2.48%

-5.04 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.68M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

319

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.

76.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$244

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
SUMMIT FINANCIAL CORPORATION5+ years Service code 13 700 DISTRICT AVENUE · BURLINGTON, MA 01803	Contract Administrator	$21,662
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$17,605
COMMONWEALTH FINANCIAL NETWORK2 years Filed as: COMMONWEALTH EQUITY SERVICES Service code 27 29 SAWYER ROAD · WALTHAM, MA 02453	Advisory (Plan)	$4,953

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$44K

$353 / participant

Contract admin$35K79.1%
Other / not subdivided$9K20.9%

% of EOY assets

0.844%

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: AAFCPAS, INC.
Auditor EIN: 042571780
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,093

$58,895-48.9%

$178,503-83.1%

$73,497-59.1%

Participation rate

77.8%

66.2%+11.5pp

81.9%-4.2pp

70.7%+7.1pp

Annual return

2.48%

24.86%-22.4pp

151.12%-148.6pp

28.51%-26.0pp

Employer contribution / active EE

$2,471

$2,236+10.5%

$5,011-50.7%

$2,270+8.8%

Participant deferral / active EE

$2,971

$2,567+15.7%

$5,202-42.9%

$3,740-20.6%

Admin fee / account holder

$254

$400-36.6%

$13,987-98.2%

$513-50.5%

Provider

Service type

Compensation

SUMMIT FINANCIAL CORPORATION5+ years

Service code 13

700 DISTRICT AVENUE · BURLINGTON, MA 01803

Contract Administrator

$21,662

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$17,605

COMMONWEALTH FINANCIAL NETWORK2 years

Filed as: COMMONWEALTH EQUITY SERVICES

Service code 27

29 SAWYER ROAD · WALTHAM, MA 02453

Advisory (Plan)

$4,953

SPRINGWELL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPRINGWELL 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