Retirement plan

PRAY FUNERAL HOME, INC. EMPLOYEE PROFIT SHARING PLAN

Name: PRAY FUNERAL HOME, INC. - PRAY FUNERAL HOME, INC. EMPLOYEE PROFIT SHARING PLAN (2019) Form 5500
Creator: PRAY FUNERAL HOME, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRAY FUNERAL HOME, INC. EMPLOYEE PROFIT SHARING PLAN, PRAY FUNERAL HOME, INC.

PRAY FUNERAL HOME, INC.EIN 38-2369395Plan #002PY 2019

401 W. SEMINARY - CHARLOTTE, MI 48813517-543-2950prayfuneralhome.comLinkedIn11-50 employeesindividual & family services

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$3.6M

+7.5% from 2018

Total participants

+9.1% from 2018

Average account balance

$326,727

+7.5% from 2018

Annual return

6.09%

-2.56 pp from 2018

Benchmarks

See 35,119 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort35,119 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.47M

Not enough data

1 years with asset history on file

Average account balance

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

$498K

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

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

+12.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1940

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 codes2E2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$200K

$16649 / participant

Other / not subdivided$200K100.0%

% of EOY assets

5.559%

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

$326,727

$103,008+217.2%

$90,304+261.8%

$152,897+113.7%

Participation rate

91.7%

75.9%+15.8pp

73.3%+18.4pp

82.5%+9.2pp

Annual return

6.09%

95.22%-89.1pp

78.13%-72.0pp

345.43%-339.3pp

Employer contribution / active EE

$1,196

$3,139-61.9%

$2,855-58.1%

$4,764-74.9%

Participant deferral / active EE

$1,661

$4,281-61.2%

$3,885-57.2%

$5,851-71.6%

Admin fee / account holder

$18,163

$6,175+194.1%

$5,354+239.2%

$11,599+56.6%

PRAY FUNERAL HOME, INC. EMPLOYEE PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRAY FUNERAL HOME, INC. EMPLOYEE PROFIT SHARING 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