Retirement plan

HERITAGE VILLAGE MASTER ASSOCIATION 401(K) PROFIT SHARING PLAN AND TRUST

Name: HERITAGE VILLAGE MASTER ASSOCIATION - HERITAGE VILLAGE MASTER ASSOCIATION 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: HERITAGE VILLAGE MASTER ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERITAGE VILLAGE MASTER ASSOCIATION 401(K) PROFIT SHARING PLAN AND TRUST, HERITAGE VILLAGE MASTER ASSOCIATION

HERITAGE VILLAGE MASTER ASSOCIATIONEIN 06-0888160Plan #002PY 2020

719 E HILL RD - SOUTHBURY, CT 064881389203-264-9644LinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#001Retirement-$12.8M assets

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$5.6M

+26.6% from 2019

Total participants

120

-0.8% from 2019

Average account balance

$46,405

+27.6% from 2019

Annual return

16.44%

-4.27 pp from 2019

Benchmarks

See 8,772 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,772 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.32M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

100

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$664K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+22.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$705

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
AT RETIREMENT SERVICES, LLC6+ years Filed as: H&H RETIREMENT SERVICES Service code 15 · EIN 20-0346540	Recordkeeping	$37,125
CHARLES SCHWAB & CO., INC.6+ years Service code 15 · EIN 94-1737782	Recordkeeping	$0
CHARLES SCHWAB & CO., INC.6+ years Filed as: CHARLES SCHWAB BANK Service code 21 · EIN 42-1558009	Bank Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$37K

$442 / participant

Investment mgmt$8K21.4%
Other / not subdivided$29K78.6%

% of EOY assets

0.667%

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: FIORITA, KORNHAAS, & COMPANY, PC
Auditor EIN: 061183747
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,405

$60,119-22.8%

$90,430-48.7%

$79,858-41.9%

Participation rate

100.0%

65.0%+35.0pp

72.7%+27.3pp

69.6%+30.4pp

Annual return

16.44%

71.94%-55.5pp

1293.73%-1277.3pp

31.72%-15.3pp

Employer contribution / active EE

$3,133

$2,068+51.5%

$3,262-3.9%

$2,471+26.8%

Participant deferral / active EE

$3,021

$2,938+2.8%

$3,963-23.8%

$3,740-19.2%

Admin fee / account holder

$309

$3,976-92.2%

$5,613-94.5%

$5,306-94.2%

Provider

Service type

Compensation

AT RETIREMENT SERVICES, LLC6+ years

Filed as: H&H RETIREMENT SERVICES

Service code 15 · EIN 20-0346540

Recordkeeping

$37,125

CHARLES SCHWAB & CO., INC.6+ years

Service code 15 · EIN 94-1737782

Recordkeeping

CHARLES SCHWAB & CO., INC.6+ years

Filed as: CHARLES SCHWAB BANK

Service code 21 · EIN 42-1558009

Bank Trustee

HERITAGE VILLAGE MASTER ASSOCIATION 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERITAGE VILLAGE MASTER ASSOCIATION 401(K) PROFIT SHARING PLAN AND TRUST

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