Retirement plan

THE HERITAGE VILLAGE 401(K) PROFIT SHARING PLAN

Name: HERITAGE MINISTRIES CHARITABLE CARE NETWORK, INC. - THE HERITAGE VILLAGE 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: HERITAGE MINISTRIES CHARITABLE CARE NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HERITAGE VILLAGE 401(K) PROFIT SHARING PLAN, HERITAGE MINISTRIES CHARITABLE CARE NETWORK, INC.

HERITAGE MINISTRIES CHARITABLE CARE NETWORK, INC.EIN 26-1454957Plan #002PY 2019

4600 ROUTE 60, P.O. BOX 350 - GERRY, NY 14740716-487-6800

Prospect flagsLow assets / participant

Top hat statement on fileNQDC

Filed September 26, 2018

Plan administrator

Plan administrator name— Sign in and upgrade to view

4600 Route 60; PO Box 350

Gerry State: NY Zip Code: 14740

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Plans declared (1)

Plan name not on file1,400 emp

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Total assets (EOY)

$14M

+16.3% from 2018

Total participants

2,260

+33.0% from 2018

Average account balance

$7,110

-10.1% from 2018

Annual return

21.80%

-2.22 pp from 2018

Benchmarks

See 1,326 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,326 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.63M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

975

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$108

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
COURIER CAPITAL5+ years Filed as: COURIER CAPITAL CORPORATION Service code 51 214 WEST FIFTH STREET · JAMESTOWN, NY 14701	Investment Mgmt Fees	$9,702
EPIC RETIREMENT PLAN SERVICES1 year Filed as: BOETGER RETIREMENT PLAN SERVICES Service code 64 3 HOLLAD STREET · ERIE, PA 16507	Recordkeeping Fees	$7,925

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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$23K

$17 / participant

Investment mgmt$23K100.0%

% of EOY assets

0.162%

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: BONADIO & CO LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,110

$47,456-85.0%

$172,752-95.9%

$77,775-90.9%

Participation rate

78.6%

66.3%+12.3pp

82.6%-4.1pp

73.2%+5.3pp

Annual return

21.80%

35.57%-13.8pp

802.97%-781.2pp

32.58%-10.8pp

Employer contribution / active EE

$295

$1,574-81.3%

$5,144-94.3%

$2,504-88.2%

Participant deferral / active EE

$684

$2,560-73.3%

$5,198-86.8%

$3,966-82.8%

Admin fee / account holder

$11

$81-85.8%

$13,955-99.9%

$100-88.5%

Provider

Service type

Compensation

COURIER CAPITAL5+ years

Filed as: COURIER CAPITAL CORPORATION

Service code 51

214 WEST FIFTH STREET · JAMESTOWN, NY 14701

Investment Mgmt Fees

$9,702

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: BOETGER RETIREMENT PLAN SERVICES

Service code 64

3 HOLLAD STREET · ERIE, PA 16507

Recordkeeping Fees

$7,925

THE HERITAGE VILLAGE 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HERITAGE VILLAGE 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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