Retirement plan

403(B) THRIFT PLAN OF MERCY HOUSING AND SHELTER CORPORATION

Name: MERCY HOUSING AND SHELTER CORPORATION - 403(B) THRIFT PLAN OF MERCY HOUSING AND SHELTER CORPORATION (2019) Form 5500
Creator: MERCY HOUSING AND SHELTER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF MERCY HOUSING AND SHELTER CORPORATION, MERCY HOUSING AND SHELTER CORPORATION

MERCY HOUSING AND SHELTER CORPORATIONEIN 06-1090211Plan #001PY 2019

221 MAIN ST FL 4 - HARTFORD, CT 061061890860-808-2038ctcha.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$901K

-17.2% from 2018

Total participants

+17.1% from 2018

Average account balance

$11,403

-46.5% from 2018

Annual return

19.46%

+20.71 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.25M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

124

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.

89.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$443K

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

+10.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$181

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2S2T

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$541K

$8876 / participant

Other / not subdivided$541K100.0%

% of EOY assets

60.104%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,403

$85,171-86.6%

$172,752-93.4%

$72,975-84.4%

Participation rate

95.1%

70.1%+25.0pp

82.6%+12.4pp

69.5%+25.6pp

Annual return

19.46%

27.32%-7.9pp

802.97%-783.5pp

81.01%-61.6pp

Employer contribution / active EE

$801

$3,324-75.9%

$5,144-84.4%

$2,440-67.2%

Participant deferral / active EE

$1,507

$3,260-53.8%

$5,198-71.0%

$3,608-58.2%

Admin fee / account holder

$6,854

$5,880+16.6%

$13,955-50.9%

$5,124+33.8%

403(B) THRIFT PLAN OF MERCY HOUSING AND SHELTER CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF MERCY HOUSING AND SHELTER CORPORATION

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