Retirement plan

403(B) THRIFT PLAN FOR MURTIS TAYLOR HUMAN SERVICES SYSTEM

Name: MURTIS TAYLOR HUMAN SERVICES SYSTEM - 403(B) THRIFT PLAN FOR MURTIS TAYLOR HUMAN SERVICES SYSTEM (2022) Form 5500
Creator: MURTIS TAYLOR HUMAN SERVICES SYSTEM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR MURTIS TAYLOR HUMAN SERVICES SYSTEM, MURTIS TAYLOR HUMAN SERVICES SYSTEM

MURTIS TAYLOR HUMAN SERVICES SYSTEMEIN 23-7158458Plan #003PY 2022

13422 KINSMAN ROAD - CLEVELAND, OH 44120216-283-4400murtistaylor.orgLinkedIn201-500 employeesindividual & family services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.5M

-20.7% from 2021

Total participants

263

-9.9% from 2021

Average account balance

$28,311

-17.9% from 2021

Annual return

-14.88%

-28.84 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.50M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

183

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$457K

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

+11.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$278

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290	Contract Administrator	$48,140
GLOBAL RETIREMENT PARTNERS LLC8+ years Service code 27	Advisory (Plan)	$21,140
CBIZ RETIREMENT PLAN SERVICES7 years Filed as: CBIZ BENEFITS & INSURANCE Service code 49 · EIN 31-1582098	Other Services	$6,276
GLOBAL RETIREMENT PARTNERS LLC8+ years Filed as: GLOBAL RETIREMENT PARTNERS INC Service code 27 · EIN 47-1411118	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2F2G2J2L3D

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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$48K

$250 / participant

Contract admin$48K100.0%

% of EOY assets

0.743%

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: MALONEY & NOVOTNY, LLC
Auditor EIN: 340677006
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,311

$65,125-56.5%

$143,797-80.3%

$66,949-57.7%

Participation rate

82.4%

65.2%+17.2pp

80.3%+2.1pp

69.8%+12.6pp

Annual return

-14.88%

-11.13%-3.8pp

-0.04%-14.8pp

1.57%-16.4pp

Employer contribution / active EE

$1,141

$2,362-51.7%

$4,952-77.0%

$2,545-55.2%

Participant deferral / active EE

$1,616

$2,920-44.7%

$5,638-71.3%

$4,239-61.9%

Admin fee / account holder

$210

$503-58.1%

$14,679-98.6%

$594-64.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY8+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$48,140

GLOBAL RETIREMENT PARTNERS LLC8+ years

Service code 27

Advisory (Plan)

$21,140

CBIZ RETIREMENT PLAN SERVICES7 years

Filed as: CBIZ BENEFITS & INSURANCE

Service code 49 · EIN 31-1582098

Other Services

$6,276

GLOBAL RETIREMENT PARTNERS LLC8+ years

Filed as: GLOBAL RETIREMENT PARTNERS INC

Service code 27 · EIN 47-1411118

Advisory (Plan)

403(B) THRIFT PLAN FOR MURTIS TAYLOR HUMAN SERVICES SYSTEM

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR MURTIS TAYLOR HUMAN SERVICES SYSTEM

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