Retirement plan

WESTMINSTER VILLAGE WEST LAFAYETTE INC. 401(K) PLAN

Name: WESTMINSTER VILLAGE WEST LAFAYETTE INCORPORATED - WESTMINSTER VILLAGE WEST LAFAYETTE INC. 401(K) PLAN (2024) Form 5500
Creator: WESTMINSTER VILLAGE WEST LAFAYETTE INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTMINSTER VILLAGE WEST LAFAYETTE INC. 401(K) PLAN, WESTMINSTER VILLAGE WEST LAFAYETTE INCORPORATED

WESTMINSTER VILLAGE WEST LAFAYETTE INCORPORATEDEIN 31-1002846Plan #003PY 2024

2741 NORTH SALISBURY STREET - WEST LAFAYETTE, IN 47906765-464-5102wvwl.orgLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.2M

+19.6% from 2023

Total participants

262

+13.9% from 2023

Average account balance

$40,419

+21.8% from 2023

Annual return

12.53%

+0.38 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.57M

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.

102

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

$542K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39

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 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY7 years Filed as: VOYA RETIREMENT AND ANNUITY COMPANY Service code 26 · EIN 71-0294708 PO BOX 990067 · HARTFORD, CT 061990067	Advisory (Participants)	$666
MORNINGSTAR7 years Service code 26 · EIN 36-4317381 PO BOX 990067 · HARTFORD, CT 061990067	Advisory (Participants)	$183

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$12 / participant

Investment mgmt$84929.3%
Contract admin$2K67.2%
Other / not subdivided$1003.5%

% of EOY assets

0.068%

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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,419

$55,437-27.1%

$155,534-74.0%

$74,459-45.7%

Participation rate

32.6%

61.9%-29.3pp

78.2%-45.6pp

67.2%-34.6pp

Annual return

12.53%

269.58%-257.0pp

64.92%-52.4pp

1369.70%-1357.2pp

Employer contribution / active EE

$760

$2,266-66.5%

$4,675-83.7%

$2,626-71.1%

Participant deferral / active EE

$1,489

$2,837-47.5%

$5,630-73.5%

$4,350-65.8%

Admin fee / account holder

$28

$1,742-98.4%

$15,900-99.8%

$1,945-98.6%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY7 years

Filed as: VOYA RETIREMENT AND ANNUITY COMPANY

Service code 26 · EIN 71-0294708

PO BOX 990067 · HARTFORD, CT 061990067

Advisory (Participants)

$666

MORNINGSTAR7 years

Service code 26 · EIN 36-4317381

PO BOX 990067 · HARTFORD, CT 061990067

Advisory (Participants)

$183

WESTMINSTER VILLAGE WEST LAFAYETTE INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTMINSTER VILLAGE WEST LAFAYETTE 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