Retirement plan

SOCIETY FOR HANDICAPPED CITIZENS OF MEDINA COUNTY, INC. 403(B) PLAN

Name: SOCIETY FOR HANDICAPPED CITIZENS OF MEDINA COUNTY,INC. - SOCIETY FOR HANDICAPPED CITIZENS OF MEDINA COUNTY, INC. 403(B) PLAN (2016) Form 5500
Creator: SOCIETY FOR HANDICAPPED CITIZENS OF MEDINA COUNTY,INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOCIETY FOR HANDICAPPED CITIZENS OF MEDINA COUNTY, INC. 403(B) PLAN, SOCIETY FOR HANDICAPPED CITIZENS OF MEDINA COUNTY,INC.

SOCIETY FOR HANDICAPPED CITIZENS OF MEDINA COUNTY,INC.EIN 34-1011571Plan #001PY 2016

4283 PARADISE RD - SEVILLE, OH 44273330-722-1900

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$1.4M

+29.1% from 2015

Total participants

326

+17.7% from 2015

Average account balance

$4,509

+10.2% from 2015

Annual return

9.46%

+16.78 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

$4.43M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

162

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.

79.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$416K

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

+10.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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 5 by compensation

Provider	Service type	Compensation
FIRST OHIO PLANNING2+ years Filed as: FIRST OHIO PLANNING, LLC Service code 27 · EIN 26-0142879	Advisory (Plan)	$6,056
PENTEGRA SERVICES, INC.2+ years Filed as: APS-PENTEGRA Service code 13 · EIN 13-3892096	Contract Administrator	$3,605
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$1,399
ADVISOR RESOURCE COUNCIL2+ years Filed as: ADVISOR GROUP Service code 27 2300 WINDY RIDGE PARKWAY · ATLANTA, GA 30339	Advisory (Plan)	$0
ROYAL ALLIANCE ASSOCIATES INC2+ years Filed as: ROYAL ALLIANCE INSURANCE AGENCY Service code 27 ONE WORD FINANCIAL CENTER · NEW YORK, NY 10281	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2K2L2T3D

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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

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: DYER ROCHE & COMPANY
Auditor EIN: 201954047
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,509

$46,732-90.4%

$156,551-97.1%

$55,167-91.8%

Participation rate

86.7%

65.8%+20.9pp

84.0%+2.7pp

69.0%+17.7pp

Annual return

9.46%

17.72%-8.3pp

32.23%-22.8pp

169.23%-159.8pp

Employer contribution / active EE

$472

$2,105-77.6%

$5,501-91.4%

$1,963-76.0%

Participant deferral / active EE

$869

$2,204-60.6%

$4,871-82.2%

$3,054-71.6%

Admin fee / account holder

$418-100.0%

$13,028-100.0%

$504-100.0%

Provider

Service type

Compensation

FIRST OHIO PLANNING2+ years

Filed as: FIRST OHIO PLANNING, LLC

Service code 27 · EIN 26-0142879

Advisory (Plan)

$6,056

PENTEGRA SERVICES, INC.2+ years

Filed as: APS-PENTEGRA

Service code 13 · EIN 13-3892096

Contract Administrator

$3,605

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$1,399

ADVISOR RESOURCE COUNCIL2+ years

Filed as: ADVISOR GROUP

Service code 27

2300 WINDY RIDGE PARKWAY · ATLANTA, GA 30339

Advisory (Plan)

ROYAL ALLIANCE ASSOCIATES INC2+ years

Filed as: ROYAL ALLIANCE INSURANCE AGENCY

Service code 27

ONE WORD FINANCIAL CENTER · NEW YORK, NY 10281

Advisory (Plan)

SOCIETY FOR HANDICAPPED CITIZENS OF MEDINA COUNTY, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SOCIETY FOR HANDICAPPED CITIZENS OF MEDINA COUNTY, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion