Retirement plan

CONSUMER CREDIT COUNSELING SERVICE OF THE MIDWEST, INC. RETIREMENT PLAN

Name: CONSUMER CREDIT COUNSELING SVC OF MIDWEST INC - CONSUMER CREDIT COUNSELING SERVICE OF THE MIDWEST, INC. RETIREMENT PLAN (2015) Form 5500
Creator: CONSUMER CREDIT COUNSELING SVC OF MIDWEST INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONSUMER CREDIT COUNSELING SERVICE OF THE MIDWEST, INC. RETIREMENT PLAN, CONSUMER CREDIT COUNSELING SVC OF MIDWEST INC

CONSUMER CREDIT COUNSELING SVC OF MIDWEST INCEIN 31-0731111Plan #001PY 2015

4500 E BROAD ST STE 300 - COLUMBUS, OH 432131360614-552-2222LinkedIn51-200 employeesinvestment banking

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.8M

No prior year

Total participants

146

No prior year

Average account balance

$46,328

No prior year

Annual return

-0.65%

No prior year

Benchmarks

See 7,498 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,498 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.76M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

272.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$165K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8457

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

Top 5 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Service code 28 · EIN 71-0294708	Investment Management	$2,027
NFP RETIREMENT INC1+ years Filed as: NFP INSURANCE SERVICES, INC. Service code 55	Other Commissions	$465
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: RETIREMENT PLAN CONCEPTS & SERVICS Service code 49	Other Services	$142
NFP RETIREMENT INC1+ years Filed as: NFP INSURANCE SERVICES, INC Service code 55 · EIN 06-1375177	Other Commissions	$0
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: RETIREMENT PLAN CONCEPTS & SERVICES Service code 49 · EIN 35-2091834	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$58K

$703 / participant

Investment mgmt$58K100.0%

% of EOY assets

0.862%

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: PLANTE MORAN
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,328

$82,028-43.5%

$123,105-62.4%

$59,633-22.3%

Participation rate

100.0%

83.2%+16.8pp

86.8%+13.2pp

68.7%+31.3pp

Annual return

-0.65%

5.12%-5.8pp

13.22%-13.9pp

2041.45%-2042.1pp

Employer contribution / active EE

$4,200

$3,297+27.4%

$5,151-18.5%

$2,203+90.7%

Participant deferral / active EE

$2,784

$4,667-40.4%

$6,229-55.3%

$3,192-12.8%

Admin fee / account holder

$399

$5,879-93.2%

$9,014-95.6%

$4,297-90.7%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Service code 28 · EIN 71-0294708

Investment Management

$2,027

NFP RETIREMENT INC1+ years

Filed as: NFP INSURANCE SERVICES, INC.

Service code 55

Other Commissions

$465

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: RETIREMENT PLAN CONCEPTS & SERVICS

Service code 49

Other Services

$142

NFP RETIREMENT INC1+ years

Filed as: NFP INSURANCE SERVICES, INC

Service code 55 · EIN 06-1375177

Other Commissions

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: RETIREMENT PLAN CONCEPTS & SERVICES

Service code 49 · EIN 35-2091834

Other Services

CONSUMER CREDIT COUNSELING SERVICE OF THE MIDWEST, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONSUMER CREDIT COUNSELING SERVICE OF THE MIDWEST, INC. RETIREMENT 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