Retirement plan

WESLEY HOUSING CORPORATION OF MEMPHIS, INC. EMPLOYEE'S RETIREMENT PLAN

Name: WESLEY HOUSING CORPORATION OF MEMPHIS, INC. - WESLEY HOUSING CORPORATION OF MEMPHIS, INC. EMPLOYEE'S RETIREMENT PLAN (2016) Form 5500
Creator: WESLEY HOUSING CORPORATION OF MEMPHIS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESLEY HOUSING CORPORATION OF MEMPHIS, INC. EMPLOYEE'S RETIREMENT PLAN, WESLEY HOUSING CORPORATION OF MEMPHIS, INC.

WESLEY HOUSING CORPORATION OF MEMPHIS, INC.EIN 23-7046413Plan #001PY 2016

1615 APPLING ROAD - CORDOVA, TN 380164907901-380-4900wesleyhousing.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$2M

+1.2% from 2015

Total participants

128

-7.2% from 2015

Average account balance

$17,837

+27.0% from 2015

Annual return

4.10%

+5.74 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.11M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

153

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$417K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$450

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRICIPAL LIFE INSURANCE COMPANY Service code 13 · EIN 42-0127290 PO BOX 9394 · DES MOINES, WA 503069394	Contract Administrator	$15,472
FIRST TENNESSEE BANK2+ years Filed as: FIRST TENNESSEE BANK NATL ASSN Service code 21 · EIN 62-0201385 4385 POPLAR AVE. · MEMPHIS, TN 38117	Bank Trustee	$6,698

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$32K

$267 / participant

Investment mgmt$4K11.6%
Contract admin$15K48.7%
Other / not subdivided$13K39.7%

% of EOY assets

1.620%

all-in expense ratio

Categories reported

2 / 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: DAUBY O'CONNOR & ZALESKI, LLC
Auditor EIN: 351750664
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,837

$46,732-61.8%

$156,551-88.6%

$55,167-67.7%

Participation rate

84.9%

65.8%+19.1pp

84.0%+0.9pp

69.0%+15.9pp

Annual return

4.10%

17.72%-13.6pp

32.23%-28.1pp

169.23%-165.1pp

Employer contribution / active EE

$1,026

$2,105-51.3%

$5,501-81.3%

$1,963-47.7%

Participant deferral / active EE

$778

$2,204-64.7%

$4,871-84.0%

$3,054-74.5%

Admin fee / account holder

$289

$418-30.9%

$13,028-97.8%

$504-42.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRICIPAL LIFE INSURANCE COMPANY

Service code 13 · EIN 42-0127290

PO BOX 9394 · DES MOINES, WA 503069394

Contract Administrator

$15,472

FIRST TENNESSEE BANK2+ years

Filed as: FIRST TENNESSEE BANK NATL ASSN

Service code 21 · EIN 62-0201385

4385 POPLAR AVE. · MEMPHIS, TN 38117

Bank Trustee

$6,698

WESLEY HOUSING CORPORATION OF MEMPHIS, INC. EMPLOYEE'S RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESLEY HOUSING CORPORATION OF MEMPHIS, INC. EMPLOYEE'S 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