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 (2017) 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 2017

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$756K

+23.7% from 2016

Total participants

-5.0% from 2016

Average account balance

$19,893

+30.2% from 2016

Annual return

19.11%

+15.26 pp from 2016

Benchmarks

See 100 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants25-99

Cohort100 peers

Snapshot2017

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$76K

$2524 / participant

Other / not subdivided$76K100.0%

% of EOY assets

10.017%

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

$19,893

$45,211-56.0%

$56,429-64.7%

$70,126-71.6%

Participation rate

100.0%

73.6%+26.4pp

80.0%+20.0pp

69.5%+30.5pp

Annual return

19.11%

38.45%-19.3pp

19.04%+0.1pp

73.15%-54.0pp

Employer contribution / active EE

$1,286

$2,737-53.0%

$3,405-62.2%

$2,343-45.1%

Participant deferral / active EE

$2,000

$2,735-26.9%

$3,951-49.4%

$3,332-40.0%

Admin fee / account holder

$1,993

$3,027-34.2%

$4,466-55.4%

$4,645-57.1%

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