Retirement plan

RIVERBEND HEAD START & FAMILY SERVICES, INC. RETIREMENT AND SAVINGS PLAN

Name: RIVERBEND HEAD START & FAMILY SERVICES, INC. - RIVERBEND HEAD START & FAMILY SERVICES, INC. RETIREMENT AND SAVINGS PLAN (2016) Form 5500
Creator: RIVERBEND HEAD START & FAMILY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RIVERBEND HEAD START & FAMILY SERVICES, INC. RETIREMENT AND SAVINGS PLAN, RIVERBEND HEAD START & FAMILY SERVICES, INC.

RIVERBEND HEAD START & FAMILY SERVICES, INC.EIN 37-0681548Plan #001PY 2016

550 LANDMARKS BOULEVARD,, THIRD FLOOR - ALTON, IL 62002618-463-5946riverbendfamilies.orgLinkedIn51-200 employeesindividual & family services

Other plans on this EIN

1 filing

#003Retirement--

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$4.7M

+2.3% from 2015

Total participants

185

+1.1% from 2015

Average account balance

$25,577

+1.7% from 2015

Annual return

4.19%

+5.93 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.08M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

184

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$622K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830	Contract Administrator	$3,628

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$4K

$31 / participant

Contract admin$4K100.0%

% of EOY assets

0.077%

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: C.J. SCHLOSSER & COMPNAY LLC
Auditor EIN: 371031116
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,577

$46,732-45.3%

$156,551-83.7%

$55,167-53.6%

Participation rate

99.1%

65.8%+33.3pp

84.0%+15.1pp

69.0%+30.2pp

Annual return

4.19%

17.72%-13.5pp

32.23%-28.0pp

169.23%-165.0pp

Employer contribution / active EE

$1,705

$2,105-19.0%

$5,501-69.0%

$1,963-13.1%

Participant deferral / active EE

$1,181

$2,204-46.4%

$4,871-75.8%

$3,054-61.3%

Admin fee / account holder

$20

$418-95.3%

$13,028-99.8%

$504-96.1%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 41-0417830

Contract Administrator

$3,628

RIVERBEND HEAD START & FAMILY SERVICES, INC. RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RIVERBEND HEAD START & FAMILY SERVICES, INC. RETIREMENT AND SAVINGS 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