Retirement plan

AREA AGENCY ON AGING 11, INC. 401(K) PLAN

Name: DIRECTION HOME OF EASTERN OHIO, INC. - AREA AGENCY ON AGING 11, INC. 401(K) PLAN (2019) Form 5500
Creator: DIRECTION HOME OF EASTERN OHIO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AREA AGENCY ON AGING 11, INC. 401(K) PLAN, DIRECTION HOME OF EASTERN OHIO, INC.

DIRECTION HOME OF EASTERN OHIO, INC.EIN 34-1194060Plan #002PY 2019

1030 N. MERIDIAN RD. - YOUNGSTOWN, OH 44509330-746-2938dheo.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.4M

-4.7% from 2018

Total participants

159

+21.4% from 2018

Average account balance

$32,404

-7.6% from 2018

Annual return

5.56%

-1.39 pp from 2018

Benchmarks

See 1,705 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,705 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.33M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

185

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.

88.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ INVESTMENT ADVISORY SERVICES, Service code 26 6050 OAK TREE BLVD SOUTH · CLEVELAND, OH 44131	Advisory (Participants)	$41,776
NEWPORT GROUP, INC.2 years Service code 12 · EIN 27-2037969	Sub-transfer agency fees; Direct paym...	$14,180

Plan features & details

Pension benefit codes2E2F2G2J2L2T

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$58K

$436 / participant

Investment mgmt$42K72.5%
Contract admin$14K24.6%
Other / not subdivided$2K2.9%

% of EOY assets

1.317%

all-in expense ratio

Categories reported

2 / 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: BODINE PERRY, LLC
Auditor EIN: 412028444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,404

$51,620-37.2%

$90,324-64.1%

$65,186-50.3%

Participation rate

81.8%

68.6%+13.2pp

73.3%+8.5pp

70.2%+11.6pp

Annual return

5.56%

24.94%-19.4pp

78.15%-72.6pp

29.39%-23.8pp

Employer contribution / active EE

$385

$2,235-82.8%

$2,856-86.5%

$2,177-82.3%

Participant deferral / active EE

$2,000

$2,871-30.3%

$3,885-48.5%

$3,514-43.1%

Admin fee / account holder

$427

$384+11.0%

$5,356-92.0%

$847-49.6%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ INVESTMENT ADVISORY SERVICES,

Service code 26

6050 OAK TREE BLVD SOUTH · CLEVELAND, OH 44131

Advisory (Participants)

$41,776

NEWPORT GROUP, INC.2 years

Service code 12 · EIN 27-2037969

Sub-transfer agency fees; Direct paym...

$14,180

AREA AGENCY ON AGING 11, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AREA AGENCY ON AGING 11, INC. 401(K) 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