Retirement plan

KALAMAZOO COUNTY SHERIFF'S DEPUTIES ASSOCIATION MONEY PURCHASE PENSION PLAN

Name: KALAMAZOO COUNTY SHERIFF'S DEPUTIES ASSOCIATION - KALAMAZOO COUNTY SHERIFF'S DEPUTIES ASSOCIATION MONEY PURCHASE PENSION PLAN (2020) Form 5500
Creator: KALAMAZOO COUNTY SHERIFF'S DEPUTIES ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KALAMAZOO COUNTY SHERIFF'S DEPUTIES ASSOCIATION MONEY PURCHASE PENSION PLAN, KALAMAZOO COUNTY SHERIFF'S DEPUTIES ASSOCIATION

KALAMAZOO COUNTY SHERIFF'S DEPUTIES ASSOCIATIONEIN 38-6037446Plan #001PY 2020

1500 LAMONT - KALAMAZOO, MI 49048269-383-8728LinkedIn201-500 employeescivic & social organization

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$57M

+8.7% from 2019

Total participants

285

+6.7% from 2019

Average account balance

$205,671

+2.4% from 2019

Annual return

13.76%

-4.54 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$50.75M

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

297

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$325

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 2 by compensation

Provider	Service type	Compensation
M HOLDINGS SECURITIES INC1 year Service code 26 · EIN 91-1802259 1125 NW COUCH STREET · PORTLAND, OR 97204	Advisory (Participants)	$93,273
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Filed as: JOHN HANCOCK LIFE INS CO Service code 15 · EIN 01-0233346	Recordkeeping	$1,302

Plan features & details

Pension benefit codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BRINK, KEY & CHLUDZINSKI, PC
Auditor EIN: 383061223
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$205,671

$66,124+211.0%

$90,461+127.4%

$73,497+179.8%

Participation rate

96.5%

69.7%+26.9pp

72.7%+23.8pp

70.7%+25.8pp

Annual return

13.76%

17.65%-3.9pp

1294.76%-1281.0pp

28.51%-14.8pp

Employer contribution / active EE

$9,138

$2,346+289.4%

$3,264+180.0%

$2,270+302.5%

Participant deferral / active EE

$3,039-100.0%

$3,964-100.0%

$3,740-100.0%

Admin fee / account holder

$396-100.0%

$5,617-100.0%

$513-100.0%

Provider

Service type

Compensation

M HOLDINGS SECURITIES INC1 year

Service code 26 · EIN 91-1802259

1125 NW COUCH STREET · PORTLAND, OR 97204

Advisory (Participants)

$93,273

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Filed as: JOHN HANCOCK LIFE INS CO

Service code 15 · EIN 01-0233346

Recordkeeping

$1,302

KALAMAZOO COUNTY SHERIFF'S DEPUTIES ASSOCIATION MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KALAMAZOO COUNTY SHERIFF'S DEPUTIES ASSOCIATION MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion