Retirement plan

FAMILY SERVICES OF NW PA 401(K) PLAN

Name: FAMILY SERVICES OF NW PA - FAMILY SERVICES OF NW PA 401(K) PLAN (2016) Form 5500
Creator: FAMILY SERVICES OF NW PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY SERVICES OF NW PA 401(K) PLAN, FAMILY SERVICES OF NW PA

FAMILY SERVICES OF NW PAEIN 25-0987225Plan #001PY 2016

5100 PEACH STREET - ERIE, PA 165092482814-866-4500fsnwpa.orgLinkedIn51-200 employeescivic & social organization

Prospect flagsLow returnsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.2M

No prior year

Total participants

203

No prior year

Average account balance

$37,148

No prior year

Annual return

-0.16%

No prior year

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.64M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

185

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.

74.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$586K

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

+9.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36

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 2 by compensation

Provider	Service type	Compensation
NORTHWEST BANK1+ years Service code 64 · EIN 25-6402875	Recordkeeping Fees	$8,320
BAIRD FUNDS1+ years Filed as: ROBERT WALLACE Service code 51 423 MONOCA DRIVE · ERIE, PA 16505	Investment Mgmt Fees	$7,816

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$16K

$126 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.224%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FELIX & GLOEKLER PC
Auditor EIN: 260001555
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,148

$46,732-20.5%

$156,551-76.3%

$55,167-32.7%

Participation rate

93.0%

65.8%+27.2pp

84.0%+9.0pp

69.0%+24.0pp

Annual return

-0.16%

17.72%-17.9pp

32.23%-32.4pp

169.23%-169.4pp

Employer contribution / active EE

$2,582

$2,105+22.7%

$5,501-53.1%

$1,963+31.6%

Participant deferral / active EE

$1,851

$2,204-16.0%

$4,871-62.0%

$3,054-39.4%

Admin fee / account holder

$83

$418-80.1%

$13,028-99.4%

$504-83.5%

Provider

Service type

Compensation

NORTHWEST BANK1+ years

Service code 64 · EIN 25-6402875

Recordkeeping Fees

$8,320

BAIRD FUNDS1+ years

Filed as: ROBERT WALLACE

Service code 51

423 MONOCA DRIVE · ERIE, PA 16505

Investment Mgmt Fees

$7,816

FAMILY SERVICES OF NW PA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY SERVICES OF NW PA 401(K) 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