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 (2022) 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 2022

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3M

-11.7% from 2021

Total participants

179

-24.2% from 2021

Average account balance

$22,922

+43.2% from 2021

Annual return

-16.74%

-27.52 pp from 2021

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2022

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 3 by compensation

Provider	Service type	Compensation
PENTEGRA SERVICES, INC.8+ years Filed as: APS-PENTEGRA Service code 13 · EIN 13-3892096	Contract Administrator	$0
MERCER3 years Filed as: MERCER GLOBAL ADVISORS, INC Service code 27 · EIN 74-3257877 1200 17TH ST., STE. 500 · DENVER, CO 80202	Advisory (Plan)	$0
T ROWE PRICE RPS INC2 years Filed as: T. ROWE PRICE Service code 15 · EIN 52-1714114	Recordkeeping	$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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,922

$65,083-64.8%

$143,788-84.1%

$66,930-65.8%

Participation rate

67.6%

65.2%+2.4pp

80.3%-12.7pp

69.8%-2.2pp

Annual return

-16.74%

-11.13%-5.6pp

-0.03%-16.7pp

1.57%-18.3pp

Employer contribution / active EE

$1,007

$2,361-57.4%

$4,952-79.7%

$2,545-60.4%

Participant deferral / active EE

$1,647

$2,920-43.6%

$5,638-70.8%

$4,238-61.1%

Admin fee / account holder

$502-100.0%

$14,675-100.0%

$593-100.0%

Provider

Service type

Compensation

PENTEGRA SERVICES, INC.8+ years

Filed as: APS-PENTEGRA

Service code 13 · EIN 13-3892096

Contract Administrator

MERCER3 years

Filed as: MERCER GLOBAL ADVISORS, INC

Service code 27 · EIN 74-3257877

1200 17TH ST., STE. 500 · DENVER, CO 80202

Advisory (Plan)

T ROWE PRICE RPS INC2 years

Filed as: T. ROWE PRICE

Service code 15 · EIN 52-1714114

Recordkeeping

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