Retirement plan

COMMUNITY DRUG BOARD & COMMUNITY DRUG BOARD FOUNDATION TAX SHELTERED ANNUITY PLAN

Name: COMMUNITY DRUG BOARD AND COMMUNITY DRUG BOARD FOUNDATION - COMMUNITY DRUG BOARD & COMMUNITY DRUG BOARD FOUNDATION TAX SHELTERED ANNUITY PLAN (2017) Form 5500
Creator: COMMUNITY DRUG BOARD AND COMMUNITY DRUG BOARD FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY DRUG BOARD & COMMUNITY DRUG BOARD FOUNDATION TAX SHELTERED ANNUITY PLAN, COMMUNITY DRUG BOARD AND COMMUNITY DRUG BOARD FOUNDATION

COMMUNITY DRUG BOARD AND COMMUNITY DRUG BOARD FOUNDATIONEIN 34-1171699Plan #001PY 2017

702 EAST MARKET STREET - AKRON, OH 44305330-315-3708LinkedIn1-10 employeesprimary/secondary education

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.2M

+8.0% from 2016

Total participants

280

+12.9% from 2016

Average account balance

$15,333

+22.1% from 2016

Annual return

16.38%

+8.95 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.08M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

128

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.

58.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$324K

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

+11.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$116

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 2 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO3+ years Service code 15 · EIN 35-0145825	Recordkeeping	$16,372
LINCOLN NATIONAL CORPORATION3+ years Service code 13 · EIN 35-1140070	Contract Administrator	$183

Plan features & details

Pension benefit codes2F2G2J2L2S2T3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Expense breakdown

Schedule H Part II

Admin total

$11K

$51 / participant

Contract admin$3K25.2%
Other / not subdivided$8K74.8%

% of EOY assets

0.349%

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: MCMANUS, DOSEN & CO.
Auditor EIN: 341639529
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,333

$55,453-72.4%

$170,435-91.0%

$62,293-75.4%

Participation rate

66.5%

66.4%+0.1pp

83.6%-17.1pp

69.5%-3.0pp

Annual return

16.38%

21.38%-5.0pp

205.94%-189.6pp

28.90%-12.5pp

Employer contribution / active EE

$2,164-100.0%

$5,432-100.0%

$2,042-100.0%

Participant deferral / active EE

$784

$2,303-66.0%

$4,939-84.1%

$3,169-75.3%

Admin fee / account holder

$54

$455-88.2%

$13,881-99.6%

$479-88.8%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO3+ years

Service code 15 · EIN 35-0145825

Recordkeeping

$16,372

LINCOLN NATIONAL CORPORATION3+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$183

COMMUNITY DRUG BOARD & COMMUNITY DRUG BOARD FOUNDATION TAX SHELTERED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY DRUG BOARD & COMMUNITY DRUG BOARD FOUNDATION TAX SHELTERED ANNUITY 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