Retirement plan

NORTH CENTRAL MENTAL HEALTH SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: NORTH CENTRAL MENTAL HEALTH SERVICES, INC. - NORTH CENTRAL MENTAL HEALTH SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: NORTH CENTRAL MENTAL HEALTH SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH CENTRAL MENTAL HEALTH SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN, NORTH CENTRAL MENTAL HEALTH SERVICES, INC.

NORTH CENTRAL MENTAL HEALTH SERVICES, INC.EIN 31-0847283Plan #001PY 2024

1301 NORTH HIGH STREET - COLUMBUS, OH 43201614-299-6600ncmhs.orgLinkedIn201-500 employeesmental health care

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed December 7, 2023

Plan administrator

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1301 North High Street

Columbus, OH 43201

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Plans declared (1)

North Central Mental Health Services 457(b) Deferred Compensation Plan1 emp

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Total assets (EOY)

$12.5M

+4.3% from 2023

Total participants

182

+43.3% from 2023

Average account balance

$83,785

-11.1% from 2023

Annual return

11.31%

-1.23 pp from 2023

Benchmarks

See 5,993 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,993 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.48M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

149

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.

74.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$726K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$466

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
UNITED PLANNERS FINANCIAL SERVICES5 years Service code 27 · EIN 86-0588303	Advisory (Plan)	$42,108
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 37 · EIN 04-2647786	Loan Processing	$27,257

Plan features & details

Pension benefit codes2T2E2F2G2J2K3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$69K

$534 / participant

Recordkeeping$27K39.3%
Investment mgmt$42K60.7%

% of EOY assets

0.556%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PARMS & COMPANY
Auditor EIN: 010548473
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,785

$55,470+51.0%

$155,556-46.1%

$74,478+12.5%

Participation rate

74.6%

61.9%+12.7pp

78.2%-3.6pp

67.2%+7.4pp

Annual return

11.31%

269.80%-258.5pp

64.84%-53.5pp

1370.56%-1359.3pp

Employer contribution / active EE

$1,838

$2,267-18.9%

$4,675-60.7%

$2,626-30.0%

Participant deferral / active EE

$3,750

$2,838+32.1%

$5,631-33.4%

$4,350-13.8%

Admin fee / account holder

$466

$1,744-73.3%

$15,885-97.1%

$1,946-76.1%

Provider

Service type

Compensation

UNITED PLANNERS FINANCIAL SERVICES5 years

Service code 27 · EIN 86-0588303

Advisory (Plan)

$42,108

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 37 · EIN 04-2647786

Loan Processing

$27,257

NORTH CENTRAL MENTAL HEALTH SERVICES, INC. 401(K) RETIREMENT SAVINGS 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

NORTH CENTRAL MENTAL HEALTH SERVICES, INC. 401(K) RETIREMENT SAVINGS 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