Retirement plan

403(B) PLAN OF TASKS UNLIMITED, INC.

Name: TASKS UNLIMITED, INC. - 403(B) PLAN OF TASKS UNLIMITED, INC. (2017) Form 5500
Creator: TASKS UNLIMITED, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) PLAN OF TASKS UNLIMITED, INC., TASKS UNLIMITED, INC.

TASKS UNLIMITED, INC.EIN 23-7087205Plan #002PY 2017

2419 NICOLLET AVENUE - MINNEAPOLIS, MN 55404612-871-3320tasksunlimited.orgLinkedIn51-200 employeesmental health care

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.5M

+22.1% from 2016

Total participants

128

+4.1% from 2016

Average account balance

$30,014

+16.9% from 2016

Annual return

15.83%

+9.91 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

$4.74M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

145

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.

79.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$365K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$175

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
LINCOLN NATIONAL CORPORATION1 year Service code 13 · EIN 35-0472300	Contract Administrator	$23,102
SAGEVIEW ADVISORY GROUP, LLC1 year Filed as: SAGEVIEW ADVISORY GROUP Service code 26 · EIN 33-0818667	Advisory (Participants)	$10,563
LURIE, LLP1 year Service code 15 · EIN 41-0721434	Recordkeeping	$4,185

Plan features & details

Pension benefit codes2F2G2K2L2S3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$24K

$383 / participant

Contract admin$24K100.0%

% of EOY assets

0.682%

all-in expense ratio

Categories reported

1 / 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: CARPENTER EVERT & ASSOCIATES LTD.
Auditor EIN: 411534805
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,014

$84,236-64.4%

$170,435-82.4%

$70,126-57.2%

Participation rate

84.1%

70.8%+13.3pp

83.6%+0.5pp

69.5%+14.6pp

Annual return

15.83%

23.06%-7.2pp

205.94%-190.1pp

73.15%-57.3pp

Employer contribution / active EE

$2,087

$3,387-38.4%

$5,432-61.6%

$2,343-10.9%

Participant deferral / active EE

$2,244

$3,086-27.3%

$4,939-54.6%

$3,332-32.7%

Admin fee / account holder

$205

$5,698-96.4%

$13,881-98.5%

$4,645-95.6%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1 year

Service code 13 · EIN 35-0472300

Contract Administrator

$23,102

SAGEVIEW ADVISORY GROUP, LLC1 year

Filed as: SAGEVIEW ADVISORY GROUP

Service code 26 · EIN 33-0818667

Advisory (Participants)

$10,563

LURIE, LLP1 year

Service code 15 · EIN 41-0721434

Recordkeeping

$4,185

403(B) PLAN OF TASKS UNLIMITED, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) PLAN OF TASKS UNLIMITED, INC.

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