Retirement plan

SUNSHINE VILLAGE RETIREMENT PLAN

Name: SUNSHINE VILLAGE - SUNSHINE VILLAGE RETIREMENT PLAN (2021) Form 5500
Creator: SUNSHINE VILLAGE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNSHINE VILLAGE RETIREMENT PLAN, SUNSHINE VILLAGE

SUNSHINE VILLAGEEIN 04-6190469Plan #002PY 2021

75 LITWIN LANE - CHICOPEE, MA 01020413-592-6142LinkedIn51-200 employees

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed November 21, 2021

Plan administrator

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75 Litwin Lane

Chicopee, MA 01020

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Plans declared (1)

Sunshine Village 457(b) Plan1 emp

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Total assets (EOY)

$4.5M

+9.1% from 2020

Total participants

204

-29.9% from 2020

Average account balance

$25,506

+32.8% from 2020

Annual return

22.83%

+22.06 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.84M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

221

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.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$751K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$38

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 1 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MML INSURANCE AGENCY, LLC Service code 53 · EIN 04-1590850 1 MONARCH PLACE · SPRINGFIELD, MA 011441099	Insurance Commissions	$8,997

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$9K

$87 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.202%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MEYERS BROTHERS KALICKA, P.C.
Auditor EIN: 042713795
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,506

$61,166-58.3%

$185,837-86.3%

$79,393-67.9%

Participation rate

72.1%

66.6%+5.5pp

81.7%-9.6pp

70.7%+1.4pp

Annual return

22.83%

19.45%+3.4pp

122.08%-99.2pp

116.87%-94.0pp

Employer contribution / active EE

$2,321-100.0%

$5,168-100.0%

$2,428-100.0%

Participant deferral / active EE

$1,854

$2,789-33.5%

$5,568-66.7%

$4,046-54.2%

Admin fee / account holder

$51

$710-92.8%

$16,241-99.7%

$627-91.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MML INSURANCE AGENCY, LLC

Service code 53 · EIN 04-1590850

1 MONARCH PLACE · SPRINGFIELD, MA 011441099

Insurance Commissions

$8,997

SUNSHINE VILLAGE RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNSHINE VILLAGE RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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