Retirement plan

403(B) THRIFT PLAN OF MADONNA PLACE, INC.

Name: MADONNA PLACE, INC. - 403(B) THRIFT PLAN OF MADONNA PLACE, INC. (2016) Form 5500
Creator: MADONNA PLACE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF MADONNA PLACE, INC., MADONNA PLACE, INC.

MADONNA PLACE, INC.EIN 06-1205879Plan #001PY 2016

240 MAIN ST - NORWICH, CT 06360860-886-6600

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$888K

+7.3% from 2015

Total participants

-18.9% from 2015

Average account balance

$30,617

+33.2% from 2015

Annual return

6.37%

+8.51 pp from 2015

Benchmarks

See 109,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,098 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.51M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

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.

253.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

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

+15.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3183

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

0 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 codes2L2G

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

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

$51K

$3641 / participant

Other / not subdivided$51K100.0%

% of EOY assets

5.741%

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

$30,617

$181,896-83.2%

$156,551-80.4%

$273,972-88.8%

Participation rate

92.9%

88.4%+4.5pp

84.0%+8.8pp

83.0%+9.8pp

Annual return

6.37%

30.74%-24.4pp

32.23%-25.9pp

41.46%-35.1pp

Employer contribution / active EE

$1,392

$6,248-77.7%

$5,501-74.7%

$4,869-71.4%

Participant deferral / active EE

$2,782

$5,550-49.9%

$4,871-42.9%

$5,287-47.4%

Admin fee / account holder

$1,758

$15,560-88.7%

$13,028-86.5%

$10,133-82.7%

403(B) THRIFT PLAN OF MADONNA PLACE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF MADONNA PLACE, INC.

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