Retirement plan

SLOVENE HOME FOR THE AGED 401K PLAN

Name: SLOVENE HOME FOR THE AGED - SLOVENE HOME FOR THE AGED 401K PLAN (2019) Form 5500
Creator: SLOVENE HOME FOR THE AGED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SLOVENE HOME FOR THE AGED 401K PLAN, SLOVENE HOME FOR THE AGED

SLOVENE HOME FOR THE AGEDEIN 34-0928022Plan #002PY 2019

18621 NEFF ROAD - CLEVELAND, OH 441193018216-486-0268

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$1.9M

-0.7% from 2018

Total participants

203

-17.5% from 2018

Average account balance

$19,173

+8.1% from 2018

Annual return

15.07%

+21.42 pp from 2018

Benchmarks

See 5,341 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,341 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.57M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

62.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$216K

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

+12.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6272

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 2 by compensation

Provider	Service type	Compensation
ASPIRE FINANCIAL SERVICES2 years Service code 64 · EIN 27-1033755 4010 BOY SCOUT BLVD · TAMPA, FL 33607	Recordkeeping Fees	$12,424
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIPRISE FINANCIAL Service code 55 6393 OAK TREE BLVD. · INDEPENDENCE, OH 44131	Other Commissions	$9,181

Plan features & details

Pension benefit codes2E2F2J2K3D2G

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.
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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$22K

$125 / participant

Contract admin$22K100.0%

% of EOY assets

1.116%

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: HW&CO.
Auditor EIN: 341663157
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,173

$52,967-63.8%

$172,753-88.9%

$65,186-70.6%

Participation rate

41.0%

66.2%-25.2pp

82.6%-41.6pp

70.2%-29.2pp

Annual return

15.07%

30.12%-15.1pp

803.00%-787.9pp

29.39%-14.3pp

Employer contribution / active EE

$423

$2,190-80.7%

$5,144-91.8%

$2,177-80.6%

Participant deferral / active EE

$1,068

$2,471-56.8%

$5,198-79.4%

$3,514-69.6%

Admin fee / account holder

$214

$472-54.7%

$13,956-98.5%

$847-74.8%

Provider

Service type

Compensation

ASPIRE FINANCIAL SERVICES2 years

Service code 64 · EIN 27-1033755

4010 BOY SCOUT BLVD · TAMPA, FL 33607

Recordkeeping Fees

$12,424

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIPRISE FINANCIAL

Service code 55

6393 OAK TREE BLVD. · INDEPENDENCE, OH 44131

Other Commissions

$9,181

SLOVENE HOME FOR THE AGED 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SLOVENE HOME FOR THE AGED 401K 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