Retirement plan

OUR DAILY BREAD MINISTRIES 401(K) PLAN

Name: RBC MINISTRIES DBA OUR DAILY BREAD MINISTRIES - OUR DAILY BREAD MINISTRIES 401(K) PLAN (2018) Form 5500
Creator: RBC MINISTRIES DBA OUR DAILY BREAD MINISTRIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OUR DAILY BREAD MINISTRIES 401(K) PLAN, RBC MINISTRIES DBA OUR DAILY BREAD MINISTRIES

RBC MINISTRIES DBA OUR DAILY BREAD MINISTRIESEIN 38-1613981Plan #002PY 2018

3000 KRAFT AVENUE - GRAND RAPIDS, MI 495122024616-974-2654

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$19.8M

-7.0% from 2017

Total participants

285

-1.4% from 2017

Average account balance

$70,611

-7.6% from 2017

Annual return

-4.51%

-20.81 pp from 2017

Benchmarks

See 845 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort845 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.76M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

326

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$293

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$104,242
LPL FINANCIAL4+ years Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611	Advisory (Plan)	$52,460
WATKINS ROSS4+ years Filed as: WATKINS ROSS & CO Service code 49 · EIN 38-1477362	Other Services	$6,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

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

$104K

$409 / participant

Contract admin$104K100.0%

% of EOY assets

0.527%

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: REHMANN ROBSON LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,611

$43,999+60.5%

$79,467-11.1%

$55,725+26.7%

Participation rate

98.0%

66.9%+31.1pp

73.3%+24.7pp

70.9%+27.2pp

Annual return

-4.51%

1.81%-6.3pp

718.30%-722.8pp

244.93%-249.4pp

Employer contribution / active EE

$1,995

$1,830+9.1%

$2,800-28.7%

$2,078-4.0%

Participant deferral / active EE

$4,968

$2,538+95.7%

$3,704+34.1%

$3,356+48.0%

Admin fee / account holder

$372

$118+216.7%

$5,104-92.7%

$115+223.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$104,242

LPL FINANCIAL4+ years

Filed as: LPL FINANCIAL LLC - RPCP

Service code 27 · EIN 04-3046611

Advisory (Plan)

$52,460

WATKINS ROSS4+ years

Filed as: WATKINS ROSS & CO

Service code 49 · EIN 38-1477362

Other Services

$6,000

OUR DAILY BREAD MINISTRIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OUR DAILY BREAD MINISTRIES 401(K) 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