Retirement plan

HOLY CROSS VILLAGE 401(K) RETIREMENT PLAN

Name: HOLY CROSS VILLAGE AT NOTRE DAME - HOLY CROSS VILLAGE 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: HOLY CROSS VILLAGE AT NOTRE DAME
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOLY CROSS VILLAGE 401(K) RETIREMENT PLAN, HOLY CROSS VILLAGE AT NOTRE DAME

HOLY CROSS VILLAGE AT NOTRE DAMEEIN 35-2084623Plan #003PY 2024

PO BOX 303 - NOTRE DAME, IN 465560303574-251-3252holycrossvillage.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$3M

+21.4% from 2023

Total participants

177

+19.6% from 2023

Average account balance

$21,472

+20.5% from 2023

Annual return

10.16%

-2.69 pp from 2023

Benchmarks

See 6,007 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,007 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.03M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

141

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.

75.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$455K

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

+10.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$213

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 1 by compensation

Provider	Service type	Compensation
1ST SOURCE BANK10+ years Service code 15 100 NORTH MICHIGAN STREET · SOUTH BEND, IN 46601	Recordkeeping	$29,989

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$30K

$203 / participant

Recordkeeping$12K40.1%
Trustee / custodial$2K5.0%
Investment mgmt$16K54.9%

% of EOY assets

0.991%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KRUGGEL LAWTON & CO., LLC
Auditor EIN: 351307701
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,472

$55,446-61.3%

$155,574-86.2%

$74,429-71.2%

Participation rate

75.7%

61.9%+13.8pp

78.2%-2.5pp

67.2%+8.5pp

Annual return

10.16%

269.20%-259.0pp

64.87%-54.7pp

1368.38%-1358.2pp

Employer contribution / active EE

$1,533

$2,266-32.3%

$4,676-67.2%

$2,625-41.6%

Participant deferral / active EE

$1,543

$2,836-45.6%

$5,629-72.6%

$4,348-64.5%

Admin fee / account holder

$213

$1,743-87.8%

$15,914-98.7%

$1,944-89.1%

Provider

Service type

Compensation

1ST SOURCE BANK10+ years

Service code 15

100 NORTH MICHIGAN STREET · SOUTH BEND, IN 46601

Recordkeeping

$29,989

HOLY CROSS VILLAGE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOLY CROSS VILLAGE 401(K) 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