Retirement plan

MCMILLEN CENTER FOR HEALTH EDUCATION RETIREMENT PLAN

Name: HAROLD W. MCMILLEN CENTER FOR HEALTH EDUCATION, INC. - MCMILLEN CENTER FOR HEALTH EDUCATION RETIREMENT PLAN (2022) Form 5500
Creator: HAROLD W. MCMILLEN CENTER FOR HEALTH EDUCATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCMILLEN CENTER FOR HEALTH EDUCATION RETIREMENT PLAN, HAROLD W. MCMILLEN CENTER FOR HEALTH EDUCATION, INC.

HAROLD W. MCMILLEN CENTER FOR HEALTH EDUCATION, INC.EIN 35-1186994Plan #001PY 2022

600 JIM KELLEY BOULEVARD - FORT WAYNE, IN 46816260-456-4511mcmillencenter.orgLinkedIn11-50 employeesinsurance

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$352K

-42.3% from 2021

Total participants

+6.3% from 2021

Average account balance

$11,351

-46.1% from 2021

Annual return

-12.85%

-53.58 pp from 2021

Benchmarks

See 6,939 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,939 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$890K

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

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.

179.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$121K

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

+14.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$670

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

0 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 codes2L2F2G2M2T3D

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

1 tripped

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

$261K

$11340 / participant

Other / not subdivided$261K100.0%

% of EOY assets

74.119%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,351

$67,352-83.1%

$60,899-81.4%

$134,509-91.6%

Participation rate

87.0%

76.2%+10.8pp

73.1%+13.8pp

81.2%+5.7pp

Annual return

-12.85%

49.99%-62.8pp

16.92%-29.8pp

418.13%-431.0pp

Employer contribution / active EE

$790

$3,098-74.5%

$2,702-70.8%

$4,741-83.3%

Participant deferral / active EE

$2,671

$4,539-41.2%

$3,817-30.0%

$6,400-58.3%

Admin fee / account holder

$8,414

$4,585+83.5%

$3,225+160.9%

$11,427-26.4%

MCMILLEN CENTER FOR HEALTH EDUCATION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCMILLEN CENTER FOR HEALTH EDUCATION 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