Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SARAH SENECA RESIDENTIAL SERVICES, INC.

Name: SARAH SENECA RESIDENTIAL SERVICES, INC. - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SARAH SENECA RESIDENTIAL SERVICES, INC. (2016) Form 5500
Creator: SARAH SENECA RESIDENTIAL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SARAH SENECA RESIDENTIAL SERVICES, INC., SARAH SENECA RESIDENTIAL SERVICES, INC.

SARAH SENECA RESIDENTIAL SERVICES, INC.EIN 06-1297906Plan #002PY 2016

15 NE INDUSTRIAL DRIVE - BRANFORD, CT 064052844203-315-3770sarahseneca.orgLinkedIn51-200 employeescivic & social organization

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$1.4M

+13.6% from 2015

Total participants

141

0.0% from 2015

Average account balance

$21,342

+15.4% from 2015

Annual return

5.92%

+6.33 pp from 2015

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.44M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

116

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.

52.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$689K

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

+11.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP2+ years Filed as: MUTUAL OF AMERICA Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Claims processing; Participant loan p...	$2,065

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$880

$7 / participant

Other / not subdivided$880100.0%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

0 / 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: VISCONTI & ASSOCIATES, PC
Auditor EIN: 061354191
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,342

$43,423-50.9%

$78,676-72.9%

$55,167-61.3%

Participation rate

42.1%

68.0%-25.9pp

73.6%-31.5pp

69.0%-26.9pp

Annual return

5.92%

11.53%-5.6pp

62.19%-56.3pp

169.23%-163.3pp

Employer contribution / active EE

$139

$1,997-93.0%

$2,850-95.1%

$1,963-92.9%

Participant deferral / active EE

$859

$2,509-65.8%

$3,517-75.6%

$3,054-71.9%

Admin fee / account holder

$14

$416-96.7%

$4,510-99.7%

$504-97.3%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP2+ years

Filed as: MUTUAL OF AMERICA

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Claims processing; Participant loan p...

$2,065

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SARAH SENECA RESIDENTIAL SERVICES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SARAH SENECA RESIDENTIAL SERVICES, 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