Retirement plan

403(B) THRIFT PLAN OF MEALS ON WHEELS OF NORTHAMPTON COUNTY,INC.

Name: MEALS ON WHEELS OF NORTHAMPTON COUN TY,INC. - 403(B) THRIFT PLAN OF MEALS ON WHEELS OF NORTHAMPTON COUNTY,INC. (2016) Form 5500
Creator: MEALS ON WHEELS OF NORTHAMPTON COUN TY,INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF MEALS ON WHEELS OF NORTHAMPTON COUNTY,INC., MEALS ON WHEELS OF NORTHAMPTON COUN TY,INC.

MEALS ON WHEELS OF NORTHAMPTON COUN TY,INC.EIN 23-1861779Plan #002PY 2016

4240 FRITCH DR - BETHLEHEM, PA 18020610-691-1030

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+23.1% from 2015

Total participants

0.0% from 2015

Average account balance

$24,761

+28.7% from 2015

Annual return

40.91%

+41.75 pp from 2015

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.09M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$239K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3948

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

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 codes2L2G2F2T

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.
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.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant 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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$282K

$7825 / participant

Other / not subdivided$282K100.0%

% of EOY assets

25.857%

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

$24,761

$77,638-68.1%

$156,551-84.2%

$62,881-60.6%

Participation rate

94.4%

71.2%+23.2pp

84.0%+10.4pp

69.3%+25.1pp

Annual return

40.91%

50.33%-9.4pp

32.23%+8.7pp

20.14%+20.8pp

Employer contribution / active EE

$2,767

$3,444-19.7%

$5,501-49.7%

$2,281+21.3%

Participant deferral / active EE

$663

$3,046-78.2%

$4,871-86.4%

$3,203-79.3%

Admin fee / account holder

$6,403

$5,561+15.1%

$13,028-50.9%

$4,296+49.0%

403(B) THRIFT PLAN OF MEALS ON WHEELS OF NORTHAMPTON COUNTY,INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF MEALS ON WHEELS OF NORTHAMPTON COUNTY,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