Retirement plan

EMPLOYEE BENEFIT PLAN OF READING EMERGENCY UNIT, INC.

Name: READING EMERGENCY UNIT, INC. - EMPLOYEE BENEFIT PLAN OF READING EMERGENCY UNIT, INC. (2020) Form 5500
Creator: READING EMERGENCY UNIT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF READING EMERGENCY UNIT, INC., READING EMERGENCY UNIT, INC.

READING EMERGENCY UNIT, INC.EIN 38-2415274Plan #001PY 2020

PO BOX 268 - HILLSDALE, MI 492420268517-283-2856readingemergency.orgLinkedIn11-50 employeeshospital & health care

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$320K

+56.3% from 2019

Total participants

+55.6% from 2019

Average account balance

$24,610

+8.2% from 2019

Annual return

31.99%

+12.63 pp from 2019

Benchmarks

See 102,105 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,105 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$787K

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

65.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$86K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8980

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 codes2F2G3D

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.
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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$96

$7 / participant

Other / not subdivided$96100.0%

% of EOY assets

0.030%

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

$24,610

$209,428-88.2%

$178,498-86.2%

$158,950-84.5%

Participation rate

92.3%

86.4%+6.0pp

81.9%+10.4pp

82.0%+10.3pp

Annual return

31.99%

188.78%-156.8pp

151.09%-119.1pp

302.91%-270.9pp

Employer contribution / active EE

$1,203

$5,707-78.9%

$5,011-76.0%

$4,762-74.7%

Participant deferral / active EE

$2,624

$5,955-55.9%

$5,202-49.6%

$5,983-56.1%

Admin fee / account holder

$17,077-100.0%

$13,985-99.9%

$11,248-99.9%

EMPLOYEE BENEFIT PLAN OF READING EMERGENCY UNIT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF READING EMERGENCY UNIT, INC.

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