Retirement plan

PINES VILLAGE RETIREMENT COMMUNITIES, INC. 403(B) THRIFT PLAN

Name: PINES VILLAGE RETIREMENT COMMUNITIES, INC. - PINES VILLAGE RETIREMENT COMMUNITIES, INC. 403(B) THRIFT PLAN (2016) Form 5500
Creator: PINES VILLAGE RETIREMENT COMMUNITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PINES VILLAGE RETIREMENT COMMUNITIES, INC. 403(B) THRIFT PLAN, PINES VILLAGE RETIREMENT COMMUNITIES, INC.

PINES VILLAGE RETIREMENT COMMUNITIES, INC.EIN 31-1118091Plan #001PY 2016

3303 PINES VILLAGE CIRCLE - VALPARAISO, IN 46383219-465-1591LinkedIn1-10 employees

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.1M

+6.8% from 2015

Total participants

121

-6.2% from 2015

Average account balance

$25,618

+6.8% from 2015

Annual return

6.16%

+7.43 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

$2.86M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

62.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$212K

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

+12.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3879

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 3 by compensation

Provider	Service type	Compensation
IRON-CO-FID-COMPREHENSIVE2+ years Filed as: IRON FINANCIAL Service code 17 · EIN 26-2409128	Pension Consulting	$12,338
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$9,658
IRON-CO-FID-COMPREHENSIVE2+ years Filed as: IRON ADMINISTRATION Service code 63 · EIN 37-1458725	12b-1 Fees	$4,257

Plan features & details

Pension benefit codes2E2F2G2K2M2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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 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

$26K

$240 / participant

Investment mgmt$14K55.4%
Contract admin$12K44.6%
Other / not subdivided$190.1%

% of EOY assets

1.247%

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: SWARTZ, RETSON & CO., P.C.
Auditor EIN: 351509921
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,618

$46,732-45.2%

$156,551-83.6%

$55,167-53.6%

Participation rate

63.0%

65.8%-2.8pp

84.0%-21.1pp

69.0%-6.0pp

Annual return

6.16%

17.72%-11.6pp

32.23%-26.1pp

169.23%-163.1pp

Employer contribution / active EE

$780

$2,105-63.0%

$5,501-85.8%

$1,963-60.3%

Participant deferral / active EE

$1,337

$2,204-39.3%

$4,871-72.6%

$3,054-56.2%

Admin fee / account holder

$319

$418-23.6%

$13,028-97.5%

$504-36.6%

Provider

Service type

Compensation

IRON-CO-FID-COMPREHENSIVE2+ years

Filed as: IRON FINANCIAL

Service code 17 · EIN 26-2409128

Pension Consulting

$12,338

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$9,658

IRON-CO-FID-COMPREHENSIVE2+ years

Filed as: IRON ADMINISTRATION

Service code 63 · EIN 37-1458725

12b-1 Fees

$4,257

PINES VILLAGE RETIREMENT COMMUNITIES, INC. 403(B) THRIFT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PINES VILLAGE RETIREMENT COMMUNITIES, INC. 403(B) THRIFT 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