Retirement plan

HOPE GOSPEL MISSION, INC. 403(B) RETIREMENT PLAN

Name: HOPE GOSPEL MISSION, INC. - HOPE GOSPEL MISSION, INC. 403(B) RETIREMENT PLAN (2018) Form 5500
Creator: HOPE GOSPEL MISSION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOPE GOSPEL MISSION, INC. 403(B) RETIREMENT PLAN, HOPE GOSPEL MISSION, INC.

HOPE GOSPEL MISSION, INC.EIN 39-1948605Plan #001PY 2018

2650 MERCANTILE DRIVE - EAU CLAIRE, WI 54703715-839-1236hopegospelmission.orgLinkedIn51-200 employeescivic & social organization

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$406K

-5.9% from 2017

Total participants

-9.0% from 2017

Average account balance

$17,634

+2.3% from 2017

Annual return

-7.90%

-25.02 pp from 2017

Benchmarks

See 33,726 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort33,726 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2F2G2M2T

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$45K

$1976 / participant

Other / not subdivided$45K100.0%

% of EOY assets

11.206%

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

$17,634

$90,607-80.5%

$79,467-77.8%

$135,380-87.0%

Participation rate

0.0%

76.0%-76.0pp

73.3%-73.3pp

82.6%-82.6pp

Annual return

-7.90%

977.74%-985.6pp

718.30%-726.2pp

519.81%-527.7pp

Employer contribution / active EE

$875

$3,068-71.5%

$2,800-68.8%

$4,779-81.7%

Participant deferral / active EE

$1,180

$4,050-70.9%

$3,704-68.1%

$5,609-79.0%

Admin fee / account holder

$1,976

$5,895-66.5%

$5,104-61.3%

$10,828-81.8%

HOPE GOSPEL MISSION, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOPE GOSPEL MISSION, INC. 403(B) 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