Retirement plan

THE MIGHELL FUND, INC. D/B/A PLUM LANDING RETIREMENT COMMUNITY

Name: THE MIGHELL FUND, INC. - THE MIGHELL FUND, INC. D/B/A PLUM LANDING RETIREMENT COMMUNITY (2024) Form 5500
Creator: THE MIGHELL FUND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MIGHELL FUND, INC. D/B/A PLUM LANDING RETIREMENT COMMUNITY, THE MIGHELL FUND, INC.

THE MIGHELL FUND, INC.dba PLUM LANDING RETIREMENT COMMUNITYEIN 36-1868692Plan #001PY 2024

495 N LAKE STREET - AURORA, IL 60506630-896-5031

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$802K

+23.9% from 2023

Total participants

0.0% from 2023

Average account balance

$72,934

+23.9% from 2023

Annual return

14.89%

-1.50 pp from 2023

Benchmarks

See 109,389 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,389 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$802K

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

110.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$58K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$664

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 codes2F2G2L

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$7K

$730 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.910%

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

$72,934

$183,592-60.3%

$155,574-53.1%

$145,877-50.0%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

14.89%

61.37%-46.5pp

64.87%-50.0pp

551.28%-536.4pp

Employer contribution / active EE

$1,940

$5,317-63.5%

$4,676-58.5%

$4,663-58.4%

Participant deferral / active EE

$3,867

$6,466-40.2%

$5,629-31.3%

$6,691-42.2%

Admin fee / account holder

$664

$19,316-96.6%

$15,914-95.8%

$13,402-95.0%

THE MIGHELL FUND, INC. D/B/A PLUM LANDING RETIREMENT COMMUNITY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MIGHELL FUND, INC. D/B/A PLUM LANDING RETIREMENT COMMUNITY

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