Retirement plan

403(B) PLAN OF TASKS UNLIMITED, INC.

Name: TASKS UNLIMITED, INC. - 403(B) PLAN OF TASKS UNLIMITED, INC. (2019) 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 2019

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

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$4.1M

+23.3% from 2018

Total participants

154

+6.9% from 2018

Average account balance

$31,783

+22.4% from 2018

Annual return

20.04%

+26.71 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

$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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-0472300	Contract Administrator	$27,571
SAGEVIEW ADVISORY GROUP, LLC3 years Filed as: SAGEVIEW ADVISORY GROUP Service code 26 · EIN 33-0818667	Advisory (Participants)	$10,129
LURIE, LLP3 years Service code 15 · EIN 41-0721434	Recordkeeping	$4,595

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$28K

$369 / participant

Contract admin$28K100.0%

% of EOY assets

0.694%

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

$31,783

$85,171-62.7%

$172,753-81.6%

$72,976-56.4%

Participation rate

67.5%

70.1%-2.5pp

82.6%-15.1pp

69.5%-2.0pp

Annual return

20.04%

27.32%-7.3pp

803.00%-783.0pp

81.02%-61.0pp

Employer contribution / active EE

$1,748

$3,324-47.4%

$5,144-66.0%

$2,440-28.4%

Participant deferral / active EE

$2,236

$3,260-31.4%

$5,198-57.0%

$3,608-38.0%

Admin fee / account holder

$220

$5,880-96.3%

$13,956-98.4%

$5,124-95.7%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3 years

Service code 13 · EIN 35-0472300

Contract Administrator

$27,571

SAGEVIEW ADVISORY GROUP, LLC3 years

Filed as: SAGEVIEW ADVISORY GROUP

Service code 26 · EIN 33-0818667

Advisory (Participants)

$10,129

LURIE, LLP3 years

Service code 15 · EIN 41-0721434

Recordkeeping

$4,595

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