Retirement plan

403(B) THRIFT PLAN FOR MISSISSIPPI CHILDRENS HOME SERVICES, INC.

Name: MISSISSIPPI CHILDREN'S HOME SERVICES, INC. - 403(B) THRIFT PLAN FOR MISSISSIPPI CHILDRENS HOME SERVICES, INC. (2017) Form 5500
Creator: MISSISSIPPI CHILDREN'S HOME SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR MISSISSIPPI CHILDRENS HOME SERVICES, INC., MISSISSIPPI CHILDREN'S HOME SERVICES, INC.

MISSISSIPPI CHILDREN'S HOME SERVICES, INC.dba DBA CANOPY CHILDREN'S SOLUTIONSEIN 11-3667990Plan #001PY 2017

P. O. BOX 1078, 1900 N. WEST STREET - JACKSON, MS 392151078601-352-7784

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$6.5M

+27.7% from 2016

Total participants

805

+5.1% from 2016

Average account balance

$9,098

+25.0% from 2016

Annual return

13.66%

+6.80 pp from 2016

Benchmarks

See 808 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort808 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.09M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

1,055

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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 codes2F2G2L2S2T3H

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

$4K

$6 / participant

Contract admin$4K100.0%

% of EOY assets

0.062%

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: HORNE LLP
Auditor EIN: 201941244
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,098

$46,100-80.3%

$86,581-89.5%

$69,631-86.9%

Participation rate

86.6%

67.2%+19.4pp

73.5%+13.0pp

70.7%+15.9pp

Annual return

13.66%

21.02%-7.4pp

965.06%-951.4pp

27571.02%-27557.4pp

Employer contribution / active EE

$643

$1,850-65.2%

$2,840-77.3%

$2,032-68.3%

Participant deferral / active EE

$960

$2,432-60.5%

$3,609-73.4%

$3,224-70.2%

Admin fee / account holder

$94-93.9%

$4,904-99.9%

$110-94.9%

403(B) THRIFT PLAN FOR MISSISSIPPI CHILDRENS HOME SERVICES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR MISSISSIPPI CHILDRENS HOME 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