Retirement plan

FAMILY SERVICE OF RHODE ISLAND, INC. 401(K) RETIREMENT PLAN

Name: FAMILY SERVICE OF RHODE ISLAND, INC - FAMILY SERVICE OF RHODE ISLAND, INC. 401(K) RETIREMENT PLAN (2018) Form 5500
Creator: FAMILY SERVICE OF RHODE ISLAND, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY SERVICE OF RHODE ISLAND, INC. 401(K) RETIREMENT PLAN, FAMILY SERVICE OF RHODE ISLAND, INC

FAMILY SERVICE OF RHODE ISLAND, INCEIN 05-0258858Plan #002PY 2018

P.O. BOX 6688 134 THURBERS AVE - PROVIDENCE, RI 02940401-331-1350familyserviceri.orgLinkedIn201-500 employeesmental health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.8M

+9.3% from 2017

Total participants

275

-0.4% from 2017

Average account balance

$25,476

+9.7% from 2017

Annual return

8.48%

-5.72 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.86M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

294

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.

63.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

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

+12.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 10 of 15 by compensation

Provider	Service type	Compensation
MERIDIEN FINANCIAL GROUP, INC.1 year Filed as: MERIDIEN FINANCIAL GROUP INC Service code 53 10 DORRANCE STREET, SUITE 524 · PROVIDENCE, RI 02903	Insurance Commissions	$13,909
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$4,932
THE ANGELL PENSION GROUP, INC.3+ years Filed as: THE ANGELL PENSION GROUP INC Service code 13	Contract Administrator	$4,104
AMERICAN CENTURY1 year Service code 52 · EIN 77-0273954	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
EATON VANCE1 year Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY ADVISOR Service code 52 · EIN 04-3335387	Indirect Investment Fees	$0
GOLDMAN SACHS1 year Service code 52 · EIN 13-5108880	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$5K

$28 / participant

Investment mgmt$3K56.0%
Contract admin$2K44.0%

% of EOY assets

0.085%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ALEXANDER, ARONSON, FINNING & CO PC
Auditor EIN: 042571780
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,476

$47,977-46.9%

$154,107-83.5%

$56,287-54.7%

Participation rate

73.7%

66.2%+7.6pp

83.0%-9.3pp

69.9%+3.9pp

Annual return

8.48%

3.54%+4.9pp

735.12%-726.6pp

-9.96%+18.4pp

Employer contribution / active EE

$629

$2,169-71.0%

$5,298-88.1%

$2,111-70.2%

Participant deferral / active EE

$1,475

$2,392-38.3%

$5,081-71.0%

$3,350-56.0%

Admin fee / account holder

$22

$438-95.1%

$13,411-99.8%

$521-95.8%

Provider

Service type

Compensation

MERIDIEN FINANCIAL GROUP, INC.1 year

Filed as: MERIDIEN FINANCIAL GROUP INC

Service code 53

10 DORRANCE STREET, SUITE 524 · PROVIDENCE, RI 02903

Insurance Commissions

$13,909

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$4,932

THE ANGELL PENSION GROUP, INC.3+ years

Filed as: THE ANGELL PENSION GROUP INC

Service code 13

Contract Administrator

$4,104

AMERICAN CENTURY1 year

Service code 52 · EIN 77-0273954

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

EATON VANCE1 year

Service code 52 · EIN 04-2325690

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 27 · EIN 61-1732930

Advisory (Plan)

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY ADVISOR

Service code 52 · EIN 04-3335387

Indirect Investment Fees

GOLDMAN SACHS1 year

Service code 52 · EIN 13-5108880

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 90-0342299

Indirect Investment Fees

FAMILY SERVICE OF RHODE ISLAND, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY SERVICE OF RHODE ISLAND, INC. 401(K) 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