Retirement plan

SOUTH SHORE MENTAL HEALTH CENTER, INC. TAX SHELTERED ANN. PLAN

Name: SOUTH SHORE MENTAL HEALTH CENTER, INC. - SOUTH SHORE MENTAL HEALTH CENTER, INC. TAX SHELTERED ANN. PLAN (2018) Form 5500
Creator: SOUTH SHORE MENTAL HEALTH CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH SHORE MENTAL HEALTH CENTER, INC. TAX SHELTERED ANN. PLAN, SOUTH SHORE MENTAL HEALTH CENTER, INC.

SOUTH SHORE MENTAL HEALTH CENTER, INC.EIN 04-2677185Plan #001PY 2018

500 VICTORY ROAD - QUINCY, MA 02171617-847-1950steponeei.comLinkedIn1-10 employees

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed December 21, 2016 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$23.9M

+6.6% from 2017

Total participants

1,213

+1.0% from 2017

Average account balance

$31,001

+4.0% from 2017

Annual return

8.74%

-2.69 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.96M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

502

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.

36.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$197

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 10 of 16 by compensation

Provider	Service type	Compensation
MMA SECURITIES LLC1 year Service code 27 · EIN 22-3570392	Advisory (Plan)	$39,674
THE ANGELL PENSION GROUP, INC.2 years Filed as: THE ANGELL PENSION GROUP, INC Service code 14	Plan Administrator	$5,000
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$4,045
ALGER1 year Service code 52 · EIN 13-3733280	Indirect Investment Fees	$0
AMERICAN CENTURY1 year Service code 52 · EIN 44-6006315	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 13-3806694	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 53 · EIN 52-1538909	Insurance Commissions	$0
FRANKLIN TEMPLETON1 year Filed as: FRANKLINTEMPLETON Service code 52	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 13-4161079	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2F2G2K2L3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$6 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.017%

all-in expense ratio

Categories reported

0 / 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: PKF, P.C.
Auditor EIN: 043138777
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,001

$37,196-16.7%

$154,111-79.9%

$55,725-44.4%

Participation rate

35.3%

64.1%-28.8pp

83.0%-47.8pp

70.9%-35.6pp

Annual return

8.74%

1319.68%-1310.9pp

735.18%-726.4pp

244.93%-236.2pp

Employer contribution / active EE

$311

$1,614-80.8%

$5,298-94.1%

$2,078-85.1%

Participant deferral / active EE

$1,533

$2,068-25.9%

$5,081-69.8%

$3,356-54.3%

Admin fee / account holder

$102-94.8%

$13,411-100.0%

$115-95.4%

Provider

Service type

Compensation

MMA SECURITIES LLC1 year

Service code 27 · EIN 22-3570392

Advisory (Plan)

$39,674

THE ANGELL PENSION GROUP, INC.2 years

Filed as: THE ANGELL PENSION GROUP, INC

Service code 14

Plan Administrator

$5,000

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$4,045

ALGER1 year

Service code 52 · EIN 13-3733280

Indirect Investment Fees

AMERICAN CENTURY1 year

Service code 52 · EIN 44-6006315

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 13-3806694

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 53 · EIN 52-1538909

Insurance Commissions

FRANKLIN TEMPLETON1 year

Filed as: FRANKLINTEMPLETON

Service code 52

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 13-4161079

Indirect Investment Fees

SOUTH SHORE MENTAL HEALTH CENTER, INC. TAX SHELTERED ANN. PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH SHORE MENTAL HEALTH CENTER, INC. TAX SHELTERED ANN. PLAN

Top hat statement on fileNQDC

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