Retirement plan

MONMOUTH FAMILY HEALTH CENTER, INC. 401K) RETIREMENT PLAN

Name: MONMOUTH FAMILY HEALTH CENTER, INC. - MONMOUTH FAMILY HEALTH CENTER, INC. 401K) RETIREMENT PLAN (2019) Form 5500
Creator: MONMOUTH FAMILY HEALTH CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONMOUTH FAMILY HEALTH CENTER, INC. 401K) RETIREMENT PLAN, MONMOUTH FAMILY HEALTH CENTER, INC.

MONMOUTH FAMILY HEALTH CENTER, INC.EIN 20-0547132Plan #001PY 2019

270 BROADWAY - LONG BRANCH, NJ 077407027732-963-0159mfhcnj.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4.1M

+29.5% from 2018

Total participants

150

+14.5% from 2018

Average account balance

$28,919

+19.5% from 2018

Annual return

20.06%

+26.57 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

$4.06M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

136.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$296K

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

+20.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7866

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

Top 1 by compensation

Provider	Service type	Compensation
AXA EQUITABLE LIFE INSURANCE CO3 years Filed as: AXA EQUITALBE LIFE INSURANCE CO Service code 15 · EIN 13-5570651	Recordkeeping	$9,880

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$10K

$108 / participant

Contract admin$10K100.0%

% of EOY assets

0.237%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,919

$85,171-66.0%

$172,752-83.3%

$72,975-60.4%

Participation rate

91.1%

70.1%+21.0pp

82.6%+8.5pp

69.5%+21.6pp

Annual return

20.06%

27.32%-7.3pp

802.97%-782.9pp

81.01%-61.0pp

Employer contribution / active EE

$1,315

$3,324-60.4%

$5,144-74.4%

$2,440-46.1%

Participant deferral / active EE

$2,330

$3,260-28.5%

$5,198-55.2%

$3,608-35.4%

Admin fee / account holder

$69

$5,880-98.8%

$13,955-99.5%

$5,124-98.7%

Provider

Service type

Compensation

AXA EQUITABLE LIFE INSURANCE CO3 years

Filed as: AXA EQUITALBE LIFE INSURANCE CO

Service code 15 · EIN 13-5570651

Recordkeeping

$9,880

MONMOUTH FAMILY HEALTH CENTER, INC. 401K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONMOUTH FAMILY HEALTH CENTER, INC. 401K) RETIREMENT PLAN

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