Retirement plan

VIRGINIA WOMEN'S CENTER, INC. 401(K) PLAN

Name: VIRGINIA WOMENS CENTER, INC. - VIRGINIA WOMEN'S CENTER, INC. 401(K) PLAN (2018) Form 5500
Creator: VIRGINIA WOMENS CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VIRGINIA WOMEN'S CENTER, INC. 401(K) PLAN, VIRGINIA WOMENS CENTER, INC.

VIRGINIA WOMENS CENTER, INC.EIN 27-3069705Plan #001PY 2018

7130 GLEN FOREST DRIVE SUITE 101 - RICHMOND, VA 23226804-662-6097virginiawomenscenter.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$30.3M

-3.4% from 2017

Total participants

260

-12.8% from 2017

Average account balance

$116,661

+4.4% from 2017

Annual return

-6.85%

-23.62 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$48.25M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE4+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$67,816
REHMANN ROBSON4+ years Filed as: REHMANN CAPITAL ADVISORY GROUP, LLC Service code 27 4086 LEGACY PKWY · LANSING, MI 48911	Advisory (Plan)	$61,648
CLARKE LANZEN SKALLA INVESTMENT FIR4+ years Service code 28 4020 SOUTH 147TH STREET · OMAHA, NE 68137	Investment Management	$12,364
REHMANN ROBSON4+ years Filed as: REHMANN FINANCIAL GROUP, LLC Service code 15 2330 E PARIS AVE SE · GRAND RAPIDS, MI 49546	Recordkeeping	$11,003

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D2A2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$123K

$500 / participant

Investment mgmt$74K60.1%
Contract admin$38K30.9%
Other / not subdivided$11K8.9%

% of EOY assets

0.406%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MITCHELL, WIGGINS, & COMPANY, LLP
Auditor EIN: 540565834
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,661

$47,977+143.2%

$154,107-24.3%

$56,287+107.3%

Participation rate

100.0%

66.2%+33.8pp

83.0%+17.0pp

69.9%+30.1pp

Annual return

-6.85%

3.54%-10.4pp

735.12%-742.0pp

-9.96%+3.1pp

Employer contribution / active EE

$4,511

$2,169+108.0%

$5,298-14.8%

$2,111+113.7%

Participant deferral / active EE

$4,544

$2,392+90.0%

$5,081-10.6%

$3,350+35.6%

Admin fee / account holder

$473

$438+8.0%

$13,411-96.5%

$521-9.1%

Provider

Service type

Compensation

NATIONWIDE4+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$67,816

REHMANN ROBSON4+ years

Filed as: REHMANN CAPITAL ADVISORY GROUP, LLC

Service code 27

4086 LEGACY PKWY · LANSING, MI 48911

Advisory (Plan)

$61,648

CLARKE LANZEN SKALLA INVESTMENT FIR4+ years

Service code 28

4020 SOUTH 147TH STREET · OMAHA, NE 68137

Investment Management

$12,364

REHMANN ROBSON4+ years

Filed as: REHMANN FINANCIAL GROUP, LLC

Service code 15

2330 E PARIS AVE SE · GRAND RAPIDS, MI 49546

Recordkeeping

$11,003

VIRGINIA WOMEN'S CENTER, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIRGINIA WOMEN'S CENTER, INC. 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