Retirement plan

ACTS RETIREMENT - LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN - 401(K)

Name: ACTS RETIREMENT - LIFE COMMUNITIES, INC. - ACTS RETIREMENT - LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN - 401(K) (2020) Form 5500
Creator: ACTS RETIREMENT - LIFE COMMUNITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACTS RETIREMENT - LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN - 401(K), ACTS RETIREMENT - LIFE COMMUNITIES, INC.

ACTS RETIREMENT - LIFE COMMUNITIES, INC.EIN 23-1900132Plan #002PY 2020

ACTS CORPORATE SERVICES CENTER, 420 DELAWARE DRIVE, PO BOX 2222 - FT WASHINGTON, PA 190342711215-661-8330actsretirement.orgLinkedIn5001-10000 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$8.9M assets

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed March 31, 1998

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$168.4M

+12.4% from 2019

Total participants

7,236

+3.8% from 2019

Average account balance

$27,905

+7.8% from 2019

Annual return

11.69%

-11.75 pp from 2019

Benchmarks

See 223 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort223 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$226.98M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

5,167

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.

65.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.92M

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

+13.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH6+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$437,288
THE CENTURION GROUP, LLC4 years Filed as: CENTURION GROUP, LLC Service code 70 · EIN 20-8394397	Consulting Fees	$53,045
MMA SECURITIES LLC2 years Filed as: MMA SECURITIES Service code 70 · EIN 22-3570392	Consulting Fees	$52,659
BAKER TILLY US, LLP3 years Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP Service code 11 99 WOOD AVENUE SOUTH · ISELIN, NJ 08830	Actuarial	$8,000
BAKER TILLY US, LLP1 year Service code 10 BOX 78975 · MILWAUKEE, WI 532788975	Accounting	$5,920

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
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.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$504K

$85 / participant

Other / not subdivided$504K100.0%

% of EOY assets

0.299%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is 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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,905

$63,259-55.9%

$178,490-84.4%

$93,223-70.1%

Participation rate

79.8%

72.1%+7.6pp

81.9%-2.2pp

74.9%+4.8pp

Annual return

11.69%

19.93%-8.2pp

151.07%-139.4pp

19.29%-7.6pp

Employer contribution / active EE

$1,063

$1,865-43.0%

$5,011-78.8%

$2,680-60.3%

Participant deferral / active EE

$2,123

$3,372-37.0%

$5,202-59.2%

$4,563-53.5%

Admin fee / account holder

$83

$58+43.9%

$13,984-99.4%

$79+5.4%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH6+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$437,288

THE CENTURION GROUP, LLC4 years

Filed as: CENTURION GROUP, LLC

Service code 70 · EIN 20-8394397

Consulting Fees

$53,045

MMA SECURITIES LLC2 years

Filed as: MMA SECURITIES

Service code 70 · EIN 22-3570392

Consulting Fees

$52,659

BAKER TILLY US, LLP3 years

Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP

Service code 11

99 WOOD AVENUE SOUTH · ISELIN, NJ 08830

Actuarial

$8,000

BAKER TILLY US, LLP1 year

Service code 10

BOX 78975 · MILWAUKEE, WI 532788975

Accounting

$5,920

ACTS RETIREMENT - LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN - 401(K)

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACTS RETIREMENT - LIFE COMMUNITIES, INC. RETIREMENT SAVINGS PLAN - 401(K)

Top hat statement on fileNQDC

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