Retirement plan

403(B) THRIFT PLAN OF MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CONNECTICUT, INC.

Name: MUTUAL HOUSING ASSOCIATION OF SOUTH WESTERN CONNECTICUT, INC. - 403(B) THRIFT PLAN OF MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CONNECTICUT, INC. (2016) Form 5500
Creator: MUTUAL HOUSING ASSOCIATION OF SOUTH WESTERN CONNECTICUT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CONNECTICUT, INC., MUTUAL HOUSING ASSOCIATION OF SOUTH WESTERN CONNECTICUT, INC.

MUTUAL HOUSING ASSOCIATION OF SOUTH WESTERN CONNECTICUT, INC.EIN 22-3035152Plan #001PY 2016

434 MAPLEWOOD AVE - BRIDGEPORT, CT 06605203-359-6940mutualhousing.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$203K

+15.2% from 2015

Total participants

-72.7% from 2015

Average account balance

$33,871

+34.3% from 2015

Annual return

4.21%

+5.46 pp from 2015

Benchmarks

See 13,988 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort13,988 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$317K

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

25.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+7.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1152

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

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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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$11K

$510 / participant

Other / not subdivided$11K100.0%

% of EOY assets

5.266%

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

$33,871

$215,361-84.3%

$171,082-80.2%

$273,972-87.6%

Participation rate

100.0%

82.0%+18.0pp

76.7%+23.3pp

83.0%+17.0pp

Annual return

4.21%

25.14%-20.9pp

32.56%-28.3pp

41.46%-37.2pp

Employer contribution / active EE

$4,967-100.0%

$4,002-100.0%

$4,869-100.0%

Participant deferral / active EE

$1,425

$5,543-74.3%

$4,797-70.3%

$5,287-73.0%

Admin fee / account holder

$1,784

$10,846-83.6%

$8,520-79.1%

$10,133-82.4%

403(B) THRIFT PLAN OF MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CONNECTICUT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CONNECTICUT, 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