Retirement plan

MIAMI VALLEY CHILD DEVELOPMENT CENTERS, INC. 401(K) PLAN

Name: MIAMI VALLEY CHILD DEVELOPMENT CENTERS, INC. - MIAMI VALLEY CHILD DEVELOPMENT CENTERS, INC. 401(K) PLAN (2024) Form 5500
Creator: MIAMI VALLEY CHILD DEVELOPMENT CENTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIAMI VALLEY CHILD DEVELOPMENT CENTERS, INC. 401(K) PLAN, MIAMI VALLEY CHILD DEVELOPMENT CENTERS, INC.

MIAMI VALLEY CHILD DEVELOPMENT CENTERS, INC.EIN 31-0713127Plan #001PY 2024

215 HORACE STREET - DAYTON, OH 45402937-226-5664mvcdc.orgLinkedIn501-1000 employeeseducation management

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$29.1M

+4.0% from 2023

Total participants

645

-6.3% from 2023

Average account balance

$45,248

+11.0% from 2023

Annual return

11.90%

-3.43 pp from 2023

Benchmarks

See 4,124 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,124 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.09M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

643

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.11M

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

+11.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$252

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 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.6 years Service code 15 · EIN 27-2037969	Recordkeeping	$84,787
PNC BANK, N.A.2 years Filed as: PNC INSTITUTIONAL ASSET MANAGEMENT Service code 26 · EIN 22-1146430	Advisory (Participants)	$68,751
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$8,581

Plan features & details

Pension benefit codes2E2G2J2T3D

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$162K

$410 / participant

Recordkeeping$162K100.0%

% of EOY assets

0.557%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLARK, SCHAEFFER, HACKET & CO.
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,248

$50,860-11.0%

$155,574-70.9%

$77,714-41.8%

Participation rate

99.5%

63.1%+36.4pp

78.2%+21.3pp

70.6%+28.9pp

Annual return

11.90%

34.86%-23.0pp

64.87%-53.0pp

31.26%-19.4pp

Employer contribution / active EE

$4,557

$1,991+128.9%

$4,676-2.5%

$2,727+67.1%

Participant deferral / active EE

$793

$2,825-71.9%

$5,629-85.9%

$4,649-83.0%

Admin fee / account holder

$252

$436-42.2%

$15,914-98.4%

$433-41.8%

Provider

Service type

Compensation

NEWPORT GROUP, INC.6 years

Service code 15 · EIN 27-2037969

Recordkeeping

$84,787

PNC BANK, N.A.2 years

Filed as: PNC INSTITUTIONAL ASSET MANAGEMENT

Service code 26 · EIN 22-1146430

Advisory (Participants)

$68,751

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$8,581

MIAMI VALLEY CHILD DEVELOPMENT CENTERS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIAMI VALLEY CHILD DEVELOPMENT CENTERS, 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