Retirement plan

HONEY CREEK FIRE & RESCUE 403(B) RETIREMENT SAVINGS PLAN

Name: HONEY CREEK DEPARTMENT OF FIRE AND RESCUE SERVICES, INC. - HONEY CREEK FIRE & RESCUE 403(B) RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: HONEY CREEK DEPARTMENT OF FIRE AND RESCUE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HONEY CREEK FIRE & RESCUE 403(B) RETIREMENT SAVINGS PLAN, HONEY CREEK DEPARTMENT OF FIRE AND RESCUE SERVICES, INC.

HONEY CREEK DEPARTMENT OF FIRE AND RESCUE SERVICES, INC.EIN 23-7307439Plan #001PY 2016

6553 S. CARLISLE STREET - TERRE HAUTE, IN 47802812-299-4902

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$611K

No prior year

Total participants

No prior year

Average account balance

$15,281

No prior year

Annual return

3.84%

No prior year

Benchmarks

See 107 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants25-99

Cohort107 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.44M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

117.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$178K

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

+14.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5842

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2L2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$36K

$1096 / participant

Other / not subdivided$36K100.0%

% of EOY assets

5.916%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,281

$39,534-61.3%

$46,225-66.9%

$62,881-75.7%

Participation rate

100.0%

74.6%+25.4pp

79.5%+20.5pp

69.3%+30.7pp

Annual return

3.84%

8.93%-5.1pp

7.57%-3.7pp

20.14%-16.3pp

Employer contribution / active EE

$1,186

$2,646-55.2%

$3,424-65.4%

$2,281-48.0%

Participant deferral / active EE

$1,796

$2,681-33.0%

$3,776-52.4%

$3,203-43.9%

Admin fee / account holder

$904

$2,464-63.3%

$3,519-74.3%

$4,296-79.0%

HONEY CREEK FIRE & RESCUE 403(B) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HONEY CREEK FIRE & RESCUE 403(B) RETIREMENT SAVINGS 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