Retirement plan

POSSABILITIES RETIREMENT PLAN

Name: POSSABILITIES OF SOUTHERN MINNESOTA INC. - POSSABILITIES RETIREMENT PLAN (2017) Form 5500
Creator: POSSABILITIES OF SOUTHERN MINNESOTA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POSSABILITIES RETIREMENT PLAN, POSSABILITIES OF SOUTHERN MINNESOTA INC.

POSSABILITIES OF SOUTHERN MINNESOTA INC.EIN 41-0853397Plan #001PY 2017

1808 3RD AVENUE SE - ROCHESTER, MN 55904507-281-6116

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.9M

+12.8% from 2016

Total participants

113

-3.4% from 2016

Average account balance

$26,885

+25.7% from 2016

Annual return

12.79%

+4.64 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

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

26.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$64K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$644

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

+14.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2900

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

Top 1 by compensation

Provider	Service type	Compensation
PENSERV PLAN SERVICES, INC.1 year Service code 15 PO BOX 7248 · COLUMBIA, SC 29202	Recordkeeping	$5,661

Plan features & details

Pension benefit codes2J2K2M2L

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$10K

$130 / participant

Investment mgmt$5K45.1%
Contract admin$6K54.9%

% of EOY assets

0.548%

all-in expense ratio

Categories reported

2 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,885

$84,236-68.1%

$170,435-84.2%

$70,126-61.7%

Participation rate

45.6%

70.8%-25.3pp

83.6%-38.0pp

69.5%-24.0pp

Annual return

12.79%

23.06%-10.3pp

205.94%-193.1pp

73.15%-60.4pp

Employer contribution / active EE

$514

$3,387-84.8%

$5,432-90.5%

$2,343-78.1%

Participant deferral / active EE

$1,088

$3,086-64.7%

$4,939-78.0%

$3,332-67.3%

Admin fee / account holder

$147

$5,698-97.4%

$13,881-98.9%

$4,645-96.8%

Provider

Service type

Compensation

PENSERV PLAN SERVICES, INC.1 year

Service code 15

PO BOX 7248 · COLUMBIA, SC 29202

Recordkeeping

$5,661

POSSABILITIES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POSSABILITIES 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