Retirement plan

CHILDRENS HOME OF NORTHERN KENTUCKY 403(B) PLAN

Name: CHILDREN'S HOME OF NORTHERN KENTUCKY, INC. - CHILDRENS HOME OF NORTHERN KENTUCKY 403(B) PLAN (2017) Form 5500
Creator: CHILDREN'S HOME OF NORTHERN KENTUCKY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHILDRENS HOME OF NORTHERN KENTUCKY 403(B) PLAN, CHILDREN'S HOME OF NORTHERN KENTUCKY, INC.

CHILDREN'S HOME OF NORTHERN KENTUCKY, INC.EIN 23-7068704Plan #003PY 2017

200 HOME ROAD, DEVOU PARK - COVINGTON, KY 41011859-292-4176

Prospect flagsLow assets / participantLow fidelity bondFailed to transmit contributions

Top hat statement on fileNQDC

Filed November 18, 2024 (most recent of 3 filings on file)

Plan administrator

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200 Home Road, Covington, KY

Covington, KY 41011

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Plans declared (2)

CHNK Behavioral Health G77351 457(b)5 emp
CHNK Behavioral Health G77351 457(b) Deferred Compensation Plan Added a new position and employee eligible to participate in the plan meeting the definition for inclusion in a select group of management or highly compensated employees. The participants is now 5, previously the number was 4. U. S. Department of Labor Employee Benefits Security Administration Washington, DC 20210 This message confirms that the Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) has received the filing of your Top Hat Plan Statement. The confirmation code for your filing is 14010. When correcting errors to your filing, please use this code in your amended statement. This communication does not mean that DOL has made a determination that you are eligible to file under DOL regulation 29 CFR 2520.104-23.5 emp

Total covered: 10 employees

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Total assets (EOY)

$1.1M

+26.3% from 2016

Total participants

127

-25.3% from 2016

Average account balance

$9,051

+55.1% from 2016

Annual return

17.45%

+10.81 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.84M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

35.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$468K

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

+12.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$51

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
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$14,282
TRINITY PENSION CONSULTANTS2 years Filed as: TRINITY PENSION CONSULTANTS INC. Service code 13 · EIN 20-4548831	Contract Administrator	$4,417
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIPRISE FINANCIAL SERVICES INC. Service code 53 · EIN 41-0973005	Insurance Commissions	$2,687

Plan features & details

Pension benefit codes2E2F2G2K3D2L

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$16K

$186 / participant

Investment mgmt$8K48.4%
Contract admin$8K51.6%

% of EOY assets

1.377%

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: BRADY, WARE & SCHOENFELD, INC.
Auditor EIN: 351476702
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,051

$84,236-89.3%

$170,435-94.7%

$70,126-87.1%

Participation rate

100.0%

70.8%+29.2pp

83.6%+16.4pp

69.5%+30.5pp

Annual return

17.45%

23.06%-5.6pp

205.94%-188.5pp

73.15%-55.7pp

Employer contribution / active EE

$857

$3,387-74.7%

$5,432-84.2%

$2,343-63.4%

Participant deferral / active EE

$1,615

$3,086-47.7%

$4,939-67.3%

$3,332-51.5%

Admin fee / account holder

$125

$5,698-97.8%

$13,881-99.1%

$4,645-97.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$14,282

TRINITY PENSION CONSULTANTS2 years

Filed as: TRINITY PENSION CONSULTANTS INC.

Service code 13 · EIN 20-4548831

Contract Administrator

$4,417

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIPRISE FINANCIAL SERVICES INC.

Service code 53 · EIN 41-0973005

Insurance Commissions

$2,687

CHILDRENS HOME OF NORTHERN KENTUCKY 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHILDRENS HOME OF NORTHERN KENTUCKY 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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