Retirement plan

PHJC MINISTRIES RETIREMENT AND SAVINGS PLAN

Name: ANCILLA DOMINI SISTERS, INC. - PHJC MINISTRIES RETIREMENT AND SAVINGS PLAN (2023) Form 5500
Creator: ANCILLA DOMINI SISTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHJC MINISTRIES RETIREMENT AND SAVINGS PLAN, ANCILLA DOMINI SISTERS, INC.

ANCILLA DOMINI SISTERS, INC.EIN 35-0867952Plan #003PY 2023

1419 SOUTH LAKE PARK AVENUE - HOBART, IN 46342219-947-8566LinkedIn1-10 employeesmedical practice

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.2M

+12.1% from 2022

Total participants

389

-1.3% from 2022

Average account balance

$47,760

+13.6% from 2022

Annual return

13.02%

+27.18 pp from 2022

Benchmarks

See 1,917 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,917 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.16M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

354

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

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

+10.58%

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 2 by compensation

Provider	Service type	Compensation
SWARTZ, RETSON & CO., P.C.1 year Filed as: SWARTZ, RESTON & CO., P.C. Service code 10 · EIN 35-1509921	Accounting	$11,500
LINCOLN NATIONAL CORPORATION4+ years Service code 13 · EIN 35-1140070	Contract Administrator	$2,815

Plan features & details

Pension benefit codes2F2G2L2M2S2T3H3D

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$14K

$71 / participant

Contract admin$3K19.7%
Other / not subdivided$12K80.3%

% of EOY assets

0.079%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SWARTZ, RETSON & CO., P.C.
Auditor EIN: 351509921
Audit fees: $11,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,760

$58,312-18.1%

$86,656-44.9%

$71,529-33.2%

Participation rate

96.1%

65.0%+31.0pp

71.7%+24.4pp

67.9%+28.1pp

Annual return

13.02%

24.08%-11.1pp

593.09%-580.1pp

28.97%-15.9pp

Employer contribution / active EE

$2,917

$2,576+13.2%

$3,025-3.6%

$2,590+12.6%

Participant deferral / active EE

$3,761

$3,439+9.4%

$4,439-15.3%

$4,291-12.4%

Admin fee / account holder

$38

$1,057-96.4%

$5,619-99.3%

$1,588-97.6%

Provider

Service type

Compensation

SWARTZ, RETSON & CO., P.C.1 year

Filed as: SWARTZ, RESTON & CO., P.C.

Service code 10 · EIN 35-1509921

Accounting

$11,500

LINCOLN NATIONAL CORPORATION4+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$2,815

PHJC MINISTRIES RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHJC MINISTRIES RETIREMENT AND SAVINGS 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