Retirement plan

OHIO VALLEY RESIDENTIAL SERVICES 403B PLAN

Name: OHIO VALLEY RESIDENTIAL SERVICES - OHIO VALLEY RESIDENTIAL SERVICES 403B PLAN (2016) Form 5500
Creator: OHIO VALLEY RESIDENTIAL SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OHIO VALLEY RESIDENTIAL SERVICES 403B PLAN, OHIO VALLEY RESIDENTIAL SERVICES

OHIO VALLEY RESIDENTIAL SERVICESEIN 31-0834124Plan #002PY 2016

2261 VICTORY PKWY - CINCINNATI, OH 45206513-281-6800ovrs.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.8M

+12.2% from 2015

Total participants

203

+6.8% from 2015

Average account balance

$29,240

+25.0% from 2015

Annual return

11.73%

+13.28 pp from 2015

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

$4.14M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

40.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$350K

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

+8.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$573

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.1 year Service code 15 · EIN 27-2037969	Recordkeeping	$18,396
EPIC RETIREMENT PLAN SERVICES2+ years Filed as: RETIREMENT PLAN ADVISORS Service code 27 · EIN 63-1156117 6830 COMMERCE COURT DRIVE · BLACKLICK, OH 43004	Advisory (Plan)	$13,727
INTERSERV, LLC2+ years Service code 27 · EIN 51-6000279	Advisory (Plan)	$9,902

Plan features & details

Pension benefit codes2L2F2G2E2K3D

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$42K

$216 / participant

Investment mgmt$24K56.2%
Contract admin$18K43.8%

% of EOY assets

1.097%

all-in expense ratio

Categories reported

2 / 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: CLARUS PARTNERS, LLC
Auditor EIN: 261347383
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,240

$46,732-37.4%

$156,551-81.3%

$55,167-47.0%

Participation rate

63.1%

65.8%-2.7pp

84.0%-20.9pp

69.0%-5.9pp

Annual return

11.73%

17.72%-6.0pp

32.23%-20.5pp

169.23%-157.5pp

Employer contribution / active EE

$527

$2,105-75.0%

$5,501-90.4%

$1,963-73.2%

Participant deferral / active EE

$930

$2,204-57.8%

$4,871-80.9%

$3,054-69.6%

Admin fee / account holder

$321

$418-23.3%

$13,028-97.5%

$504-36.3%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Service code 15 · EIN 27-2037969

Recordkeeping

$18,396

EPIC RETIREMENT PLAN SERVICES2+ years

Filed as: RETIREMENT PLAN ADVISORS

Service code 27 · EIN 63-1156117

6830 COMMERCE COURT DRIVE · BLACKLICK, OH 43004

Advisory (Plan)

$13,727

INTERSERV, LLC2+ years

Service code 27 · EIN 51-6000279

Advisory (Plan)

$9,902

OHIO VALLEY RESIDENTIAL SERVICES 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OHIO VALLEY RESIDENTIAL SERVICES 403B 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