Retirement plan

HUMAN DEVELOPMENT CENTER 401(K) PROFIT SHARING PLAN

Name: HUMAN DEVELOPMENT CENTER - HUMAN DEVELOPMENT CENTER 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: HUMAN DEVELOPMENT CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUMAN DEVELOPMENT CENTER 401(K) PROFIT SHARING PLAN, HUMAN DEVELOPMENT CENTER

HUMAN DEVELOPMENT CENTEREIN 41-0777937Plan #003PY 2015

1401 EAST FIRST STREET - DULUTH, MN 55805218-728-4491

Other plans on this EIN

1 filing

#005Retirement-$2.0M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.1M

No prior year

Total participants

122

No prior year

Average account balance

$42,668

No prior year

Annual return

8.80%

No prior year

Benchmarks

See 15,767 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort15,767 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.99M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

148

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.

91.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$756K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+21.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46

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 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.1+ years Filed as: ALERUS FINAICIAL, N.A. Service code 15 · EIN 45-6062081	Recordkeeping	$3,263

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$3K

$37 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WIPFLI
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,668

$75,832-43.7%

$147,617-71.1%

$59,633-28.4%

Participation rate

96.6%

71.6%+25.1pp

84.6%+12.0pp

68.7%+28.0pp

Annual return

8.80%

0.37%+8.4pp

61.98%-53.2pp

2041.45%-2032.6pp

Employer contribution / active EE

$1,907

$3,485-45.3%

$5,564-65.7%

$2,203-13.4%

Participant deferral / active EE

$3,552

$3,131+13.5%

$4,895-27.4%

$3,192+11.3%

Admin fee / account holder

$27

$5,986-99.5%

$11,612-99.8%

$4,297-99.4%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.1+ years

Filed as: ALERUS FINAICIAL, N.A.

Service code 15 · EIN 45-6062081

Recordkeeping

$3,263

HUMAN DEVELOPMENT CENTER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUMAN DEVELOPMENT CENTER 401(K) 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