Retirement plan

FRONTLINE SERVICE RETIREMENT PLAN

Name: MENTAL HEALTH SERVICES FOR HOMELESS PERSONS, INC. - FRONTLINE SERVICE RETIREMENT PLAN (2023) Form 5500
Creator: MENTAL HEALTH SERVICES FOR HOMELESS PERSONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRONTLINE SERVICE RETIREMENT PLAN, MENTAL HEALTH SERVICES FOR HOMELESS PERSONS, INC.

MENTAL HEALTH SERVICES FOR HOMELESS PERSONS, INC.dba FRONTLINE SERVICEEIN 34-1607734Plan #001PY 2023

1744 PAYNE AVENUE - CLEVELAND, OH 44114216-623-6555

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$9.8M

+12.2% from 2022

Total participants

417

-7.5% from 2022

Average account balance

$38,838

+31.8% from 2022

Annual return

15.62%

+30.71 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.15M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

241

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.

51.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$817K

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

+13.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$322

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
STANCORP FINANCIAL GROUP9+ years Service code 12 · EIN 93-1253576	Claims processing; Custodial (securit...	$57,605
EVERHART ADVISORS6 years Service code 27 · EIN 31-1440043	Advisory (Plan)	$21,468

Plan features & details

Pension benefit codes2F2G2L2M2T3D

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$79K

$243 / participant

Investment mgmt$21K27.1%
Contract admin$58K72.9%

% of EOY assets

0.805%

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: BOBER, MARKEY, FEDOROVICH AND CO
Auditor EIN: 341523030
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,838

$47,163-17.7%

$149,696-74.1%

$74,460-47.8%

Participation rate

49.5%

63.4%-13.9pp

78.8%-29.2pp

70.7%-21.2pp

Annual return

15.62%

22.75%-7.1pp

134.46%-118.8pp

34.38%-18.8pp

Employer contribution / active EE

$556

$1,907-70.8%

$4,821-88.5%

$2,638-78.9%

Participant deferral / active EE

$1,780

$2,730-34.8%

$5,682-68.7%

$4,530-60.7%

Admin fee / account holder

$313

$343-8.9%

$13,212-97.6%

$348-10.1%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP9+ years

Service code 12 · EIN 93-1253576

Claims processing; Custodial (securit...

$57,605

EVERHART ADVISORS6 years

Service code 27 · EIN 31-1440043

Advisory (Plan)

$21,468

FRONTLINE SERVICE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRONTLINE SERVICE 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