Retirement plan

HUMAN RESOURCES CENTER, INC. 403(B) RETIREMENT SAVINGS PLAN

Name: HUMAN RESOURCES CENTER, INC. - HUMAN RESOURCES CENTER, INC. 403(B) RETIREMENT SAVINGS PLAN (2018) Form 5500
Creator: HUMAN RESOURCES CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUMAN RESOURCES CENTER, INC. 403(B) RETIREMENT SAVINGS PLAN, HUMAN RESOURCES CENTER, INC.

HUMAN RESOURCES CENTER, INC.EIN 23-1928296Plan #001PY 2018

294 BETHEL SCHOOL ROAD - HONESDALE, PA 18431570-253-3782hrcinc.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsLow participationLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

+23.8% from 2017

Total participants

255

-21.5% from 2017

Average account balance

$16,036

+35.0% from 2017

Annual return

12.36%

-1.69 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.73M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

188

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.

87.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$516K

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

+18.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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 3 by compensation

Provider	Service type	Compensation
LIFESTYLE RETIREMENT COMPANY2 years Service code 13 · EIN 25-1867808	Contract Administrator	$2,090
AMERICAN FUNDS2 years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$1,800
CETERA ADVISOR NETWORKS LLC2 years Service code 55 5 KACEY CT STE 101 · MECHANICSBURG, PA 170559220	Other Commissions	$100

Plan features & details

Pension benefit codes2A2E2F2G2L2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$2K

$10 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.092%

all-in expense ratio

Categories reported

0 / 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: MICHAEL A. BARBETTI LLC CPA
Auditor EIN: 272871459
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,036

$47,977-66.6%

$154,108-89.6%

$56,289-71.5%

Participation rate

54.8%

66.2%-11.4pp

83.0%-28.3pp

69.9%-15.1pp

Annual return

12.36%

3.54%+8.8pp

735.21%-722.8pp

-9.96%+22.3pp

Employer contribution / active EE

$1,164

$2,169-46.3%

$5,298-78.0%

$2,111-44.9%

Participant deferral / active EE

$697

$2,392-70.9%

$5,081-86.3%

$3,350-79.2%

Admin fee / account holder

$15

$438-96.6%

$13,411-99.9%

$521-97.2%

Provider

Service type

Compensation

LIFESTYLE RETIREMENT COMPANY2 years

Service code 13 · EIN 25-1867808

Contract Administrator

$2,090

AMERICAN FUNDS2 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$1,800

CETERA ADVISOR NETWORKS LLC2 years

Service code 55

5 KACEY CT STE 101 · MECHANICSBURG, PA 170559220

Other Commissions

$100

HUMAN RESOURCES CENTER, INC. 403(B) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUMAN RESOURCES CENTER, INC. 403(B) RETIREMENT SAVINGS 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