Retirement plan

THE FORT WAYNE RESCUE MISSION MINISTRIES INC. 403(B) PLAN

Name: THE FORT WAYNE RESCUE MISSION MINISTRIES, INC. - THE FORT WAYNE RESCUE MISSION MINISTRIES INC. 403(B) PLAN (2018) Form 5500
Creator: THE FORT WAYNE RESCUE MISSION MINISTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE FORT WAYNE RESCUE MISSION MINISTRIES INC. 403(B) PLAN, THE FORT WAYNE RESCUE MISSION MINISTRIES, INC.

THE FORT WAYNE RESCUE MISSION MINISTRIES, INC.EIN 35-1054670Plan #005PY 2018

301 W SUPERIOR ST - FORT WAYNE, IN 468021111260-426-7357rescueministries.usLinkedIn11-50 employeesreligious institutions

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+3.5% from 2017

Total participants

132

-2.9% from 2017

Average account balance

$15,996

+1.2% from 2017

Annual return

-4.65%

-21.61 pp from 2017

Benchmarks

See 1,738 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,738 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.18M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

114

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.

67.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$506K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$356

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2M2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$2K

$18 / participant

Contract admin$2K100.0%

% of EOY assets

0.121%

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: BADEN, GAGE & SCHROEDER, LLC
Auditor EIN: 351939627
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,996

$44,873-64.4%

$79,467-79.9%

$56,289-71.6%

Participation rate

60.0%

68.7%-8.7pp

73.3%-13.3pp

69.9%-9.9pp

Annual return

-4.65%

0.81%-5.5pp

718.30%-723.0pp

-9.96%+5.3pp

Employer contribution / active EE

$1,810

$2,140-15.4%

$2,800-35.3%

$2,111-14.2%

Participant deferral / active EE

$945

$2,746-65.6%

$3,704-74.5%

$3,350-71.8%

Admin fee / account holder

$19

$418-95.4%

$5,104-99.6%

$521-96.3%

THE FORT WAYNE RESCUE MISSION MINISTRIES INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE FORT WAYNE RESCUE MISSION MINISTRIES INC. 403(B) 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