Retirement plan

HORIZON ACTIVITIES CENTERS 403(B) DC PLAN

Name: HORIZON EDUCATION CENTERS - HORIZON ACTIVITIES CENTERS 403(B) DC PLAN (2020) Form 5500
Creator: HORIZON EDUCATION CENTERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HORIZON ACTIVITIES CENTERS 403(B) DC PLAN, HORIZON EDUCATION CENTERS

HORIZON EDUCATION CENTERSEIN 34-1267458Plan #002PY 2020

25300 LORAIN ROAD - NORTH OLMSTED, OH 440702083440-779-1930LinkedIn1-10 employeessports

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2M

-9.3% from 2019

Total participants

336

+29.7% from 2019

Average account balance

$18,096

No prior year

Annual return

13.94%

-4.53 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.34M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

271

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.

33.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$510K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
TIAA1 year Filed as: TIAA-CREF Service code 19 · EIN 13-1624203 730 THIRD AVE. · NEW YORK, NY 100173206	Securities Custodian	$0

Plan features & details

Pension benefit codes2L2M2G2J2K3D

Plan features

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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

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: CORRIGAN KRAUSE
Auditor EIN: 371574855
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,096

$52,293-65.4%

$178,503-89.9%

$73,412-75.3%

Participation rate

26.9%

65.3%-38.4pp

81.9%-55.0pp

72.2%-45.3pp

Annual return

13.94%

34.75%-20.8pp

151.12%-137.2pp

59.30%-45.4pp

Employer contribution / active EE

$334

$1,736-80.8%

$5,011-93.3%

$2,234-85.0%

Participant deferral / active EE

$297

$2,333-87.3%

$5,202-94.3%

$3,806-92.2%

Admin fee / account holder

$127-100.0%

$13,987-100.0%

$158-100.0%

Provider

Service type

Compensation

TIAA1 year

Filed as: TIAA-CREF

Service code 19 · EIN 13-1624203

730 THIRD AVE. · NEW YORK, NY 100173206

Securities Custodian

HORIZON ACTIVITIES CENTERS 403(B) DC PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HORIZON ACTIVITIES CENTERS 403(B) DC 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