Retirement plan

CANTON CHRISTIAN HOME, INC. 401(K) RETIREMENT PLAN

Name: CANTON CHRISTIAN HOME, INC. - CANTON CHRISTIAN HOME, INC. 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: CANTON CHRISTIAN HOME, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANTON CHRISTIAN HOME, INC. 401(K) RETIREMENT PLAN, CANTON CHRISTIAN HOME, INC.

CANTON CHRISTIAN HOME, INC.EIN 34-1039414Plan #003PY 2022

2550 CLEVELAND AVENUE NW - CANTON, OH 44709330-456-0004cantonchristianhome.orgLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.7M

-21.1% from 2021

Total participants

169

+0.6% from 2021

Average account balance

$24,788

+23.8% from 2021

Annual return

-16.77%

-28.53 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.61M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

105

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.

53.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$273K

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

+10.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$244

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
ST. BERNARD FINANCIAL ADVISORY1 year Service code 26 · EIN 71-0752696	Advisory (Participants)	$12,490
FUSION CAPITAL MANAGEMENT6 years Service code 26 · EIN 27-4762004	Advisory (Participants)	$1,336
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Filed as: JOHN HANCOCK LIFE INS CO Service code 15 · EIN 01-0233346	Recordkeeping	$1,062

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$28K

$200 / participant

Investment mgmt$14K49.3%
Contract admin$14K50.7%

% of EOY assets

1.057%

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: REA & ASSOCIATES, INC.
Auditor EIN: 341310124
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,788

$65,125-61.9%

$143,797-82.8%

$66,949-63.0%

Participation rate

55.7%

65.2%-9.5pp

80.3%-24.6pp

69.8%-14.1pp

Annual return

-16.77%

-11.13%-5.6pp

-0.04%-16.7pp

1.57%-18.3pp

Employer contribution / active EE

$463

$2,362-80.4%

$4,952-90.6%

$2,545-81.8%

Participant deferral / active EE

$1,663

$2,920-43.0%

$5,638-70.5%

$4,239-60.8%

Admin fee / account holder

$262

$503-47.9%

$14,679-98.2%

$594-55.9%

Provider

Service type

Compensation

ST. BERNARD FINANCIAL ADVISORY1 year

Service code 26 · EIN 71-0752696

Advisory (Participants)

$12,490

FUSION CAPITAL MANAGEMENT6 years

Service code 26 · EIN 27-4762004

Advisory (Participants)

$1,336

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Filed as: JOHN HANCOCK LIFE INS CO

Service code 15 · EIN 01-0233346

Recordkeeping

$1,062

CANTON CHRISTIAN HOME, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANTON CHRISTIAN HOME, INC. 401(K) RETIREMENT 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