Retirement plan

CUMMINS BEHAVIORAL HEALTH SYSTEMS, INC. 401K PLAN

Name: CUMMINS BEHAVIORAL HEALTH SYSTEMS, INC. - CUMMINS BEHAVIORAL HEALTH SYSTEMS, INC. 401K PLAN (2018) Form 5500
Creator: CUMMINS BEHAVIORAL HEALTH SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUMMINS BEHAVIORAL HEALTH SYSTEMS, INC. 401K PLAN, CUMMINS BEHAVIORAL HEALTH SYSTEMS, INC.

CUMMINS BEHAVIORAL HEALTH SYSTEMS, INC.EIN 35-1328806Plan #002PY 2018

5101 EAST U.S. HIGHWAY 36 - AVON, IN 46123317-272-3330cumminsbhs.orgLinkedIn201-500 employeesmental health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.8M

+0.7% from 2017

Total participants

454

+2.7% from 2017

Average account balance

$26,363

-3.7% from 2017

Annual return

-5.30%

-23.85 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.28M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

304

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.

47.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.33M

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

+15.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$64

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
ASCENSUS LLC4+ years Filed as: ASCENSUS CONSULTING Service code 13 1102 CHESTNUT HILLS PARKWAY · FORT WAYNE, IN 468148728	Contract Administrator	$2,550
AMERICAN FUNDS3 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 64 333 S. HOPE STREET, 55TH FLOOR · LOS ANGELES, CA 90071	Recordkeeping Fees	$954

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$9 / participant

Contract admin$3K100.0%

% of EOY assets

0.045%

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: BLUE & CO., LLC
Auditor EIN: 351178661
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,363

$37,196-29.1%

$154,108-82.9%

$55,725-52.7%

Participation rate

56.6%

64.1%-7.5pp

83.0%-26.5pp

70.9%-14.3pp

Annual return

-5.30%

1319.68%-1325.0pp

735.21%-740.5pp

244.93%-250.2pp

Employer contribution / active EE

$1,064

$1,614-34.1%

$5,298-79.9%

$2,078-48.8%

Participant deferral / active EE

$1,631

$2,068-21.1%

$5,081-67.9%

$3,356-51.4%

Admin fee / account holder

$12

$102-88.4%

$13,411-99.9%

$115-89.8%

Provider

Service type

Compensation

ASCENSUS LLC4+ years

Filed as: ASCENSUS CONSULTING

Service code 13

1102 CHESTNUT HILLS PARKWAY · FORT WAYNE, IN 468148728

Contract Administrator

$2,550

AMERICAN FUNDS3 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 64

333 S. HOPE STREET, 55TH FLOOR · LOS ANGELES, CA 90071

Recordkeeping Fees

$954

CUMMINS BEHAVIORAL HEALTH SYSTEMS, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUMMINS BEHAVIORAL HEALTH SYSTEMS, INC. 401K 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