Retirement plan

WOODHAVEN RETIREMENT COMMUNITY RETIREMENT PLAN

Name: WOODHAVEN OF LIVONIA DBA WOODHAVEN - WOODHAVEN RETIREMENT COMMUNITY RETIREMENT PLAN (2017) Form 5500
Creator: WOODHAVEN OF LIVONIA DBA WOODHAVEN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOODHAVEN RETIREMENT COMMUNITY RETIREMENT PLAN, WOODHAVEN OF LIVONIA DBA WOODHAVEN

WOODHAVEN OF LIVONIA DBA WOODHAVENEIN 38-2566642Plan #001PY 2017

29667 WENTWORTH ST - LIVONIA, MI 481546231734-261-9000

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2M

+10.5% from 2016

Total participants

-6.6% from 2016

Average account balance

$29,160

+13.7% from 2016

Annual return

14.04%

+6.40 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.32M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

129.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$335K

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

+13.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3450

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 codes2E2F2G2J2T3D

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.

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

$293K

$4810 / participant

Other / not subdivided$293K100.0%

% of EOY assets

14.584%

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

$29,160

$84,236-65.4%

$170,435-82.9%

$70,126-58.4%

Participation rate

96.7%

70.8%+25.9pp

83.6%+13.1pp

69.5%+27.2pp

Annual return

14.04%

23.06%-9.0pp

205.94%-191.9pp

73.15%-59.1pp

Employer contribution / active EE

$1,773

$3,387-47.7%

$5,432-67.4%

$2,343-24.3%

Participant deferral / active EE

$1,838

$3,086-40.4%

$4,939-62.8%

$3,332-44.8%

Admin fee / account holder

$4,253

$5,698-25.4%

$13,881-69.4%

$4,645-8.5%

WOODHAVEN RETIREMENT COMMUNITY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOODHAVEN RETIREMENT COMMUNITY RETIREMENT 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