Retirement plan

THE VETERANS MULTI-SERVICE CENTER, INC. 401(K) PROFIT SHARING PLAN

Name: THE VETERANS MULTI-SERVICE CENTER, INC. - THE VETERANS MULTI-SERVICE CENTER, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: THE VETERANS MULTI-SERVICE CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE VETERANS MULTI-SERVICE CENTER, INC. 401(K) PROFIT SHARING PLAN, THE VETERANS MULTI-SERVICE CENTER, INC.

THE VETERANS MULTI-SERVICE CENTER, INC.EIN 23-2764079Plan #001PY 2019

213-217 N. 4TH STREET - PHILADELPHIA, PA 19106215-923-2600vmcenter.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.4M

+26.6% from 2018

Total participants

119

+1.7% from 2018

Average account balance

$11,982

+24.4% from 2018

Annual return

17.82%

+23.18 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.12M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

113

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$298K

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

+11.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$108

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
ASSOCIATED BENEFIT PLANNERS, LTD.1 year Filed as: ASSOCIATED BENEFIT PLANNERS Service code 15	Recordkeeping	$10,375
LINCOLN NATIONAL CORPORATION2 years Service code 13 · EIN 35-1140070	Contract Administrator	$6,749

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$19K

$325 / participant

Other / not subdivided$19K100.0%

% of EOY assets

1.321%

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: ST. CLAIR CPAS, P.C.
Auditor EIN: 232653765
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,982

$85,171-85.9%

$172,752-93.1%

$72,975-83.6%

Participation rate

100.0%

70.1%+29.9pp

82.6%+17.4pp

69.5%+30.5pp

Annual return

17.82%

27.32%-9.5pp

802.97%-785.1pp

81.01%-63.2pp

Employer contribution / active EE

$3,690

$3,324+11.0%

$5,144-28.3%

$2,440+51.2%

Participant deferral / active EE

$880

$3,260-73.0%

$5,198-83.1%

$3,608-75.6%

Admin fee / account holder

$158

$5,880-97.3%

$13,955-98.9%

$5,124-96.9%

Provider

Service type

Compensation

ASSOCIATED BENEFIT PLANNERS, LTD.1 year

Filed as: ASSOCIATED BENEFIT PLANNERS

Service code 15

Recordkeeping

$10,375

LINCOLN NATIONAL CORPORATION2 years

Service code 13 · EIN 35-1140070

Contract Administrator

$6,749

THE VETERANS MULTI-SERVICE CENTER, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE VETERANS MULTI-SERVICE CENTER, INC. 401(K) PROFIT SHARING 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