Retirement plan

MENNONITE HOME COMMUNITIES SAVINGS AND RETIREMENT PLAN

Name: THE MENNONITE HOME - MENNONITE HOME COMMUNITIES SAVINGS AND RETIREMENT PLAN (2017) Form 5500
Creator: THE MENNONITE HOME
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MENNONITE HOME COMMUNITIES SAVINGS AND RETIREMENT PLAN, THE MENNONITE HOME

THE MENNONITE HOMEEIN 23-1413689Plan #001PY 2017

1520 HARRISBURG PIKE - LANCASTER, PA 17601717-390-7964

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$14.8M

No prior year

Total participants

716

No prior year

Average account balance

$40,159

No prior year

Annual return

11.16%

No prior year

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.50M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

433

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.

59.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.04M

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

+19.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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 2 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1+ years Service code 51 75 STATE STREET, 24TH FLOOR · BOSTON, MA 02109	Investment Mgmt Fees	$35,382
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$34,557

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$67K

$106 / participant

Contract admin$67K100.0%

% of EOY assets

0.450%

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: RKL LLP
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,159

$46,173-13.0%

$170,435-76.4%

$69,631-42.3%

Participation rate

44.7%

63.9%-19.2pp

83.6%-38.9pp

70.7%-25.9pp

Annual return

11.16%

21.62%-10.5pp

205.94%-194.8pp

27571.02%-27559.9pp

Employer contribution / active EE

$993

$1,610-38.3%

$5,432-81.7%

$2,032-51.2%

Participant deferral / active EE

$944

$2,080-54.6%

$4,939-80.9%

$3,224-70.7%

Admin fee / account holder

$181

$116+56.0%

$13,881-98.7%

$110+63.8%

Provider

Service type

Compensation

LPL FINANCIAL1+ years

Service code 51

75 STATE STREET, 24TH FLOOR · BOSTON, MA 02109

Investment Mgmt Fees

$35,382

ASCENSUS LLC1+ years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$34,557

MENNONITE HOME COMMUNITIES SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MENNONITE HOME COMMUNITIES SAVINGS AND 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