Retirement plan

CENTRAL MINNESOTA MENTAL HEALTH CENTER 403(B) RETIREMENT PLAN

Name: CENTRAL MINNESOTA MENTAL HEALTH CENTER - CENTRAL MINNESOTA MENTAL HEALTH CENTER 403(B) RETIREMENT PLAN (2015) Form 5500
Creator: CENTRAL MINNESOTA MENTAL HEALTH CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL MINNESOTA MENTAL HEALTH CENTER 403(B) RETIREMENT PLAN, CENTRAL MINNESOTA MENTAL HEALTH CENTER

CENTRAL MINNESOTA MENTAL HEALTH CENTEREIN 41-0873142Plan #001PY 2015

1321 13TH STREET NORTH - ST. CLOUD, MN 56303320-252-5010cmmhc.orgLinkedIn201-500 employeesmental health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.2M

No prior year

Total participants

323

No prior year

Average account balance

$31,169

No prior year

Annual return

1.69%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.21M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

385

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.

95.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

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

+15.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$181

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
BREMER BANK NATIONAL ASSOCIATION1+ years Filed as: BREMER TRUST, N.A. Service code 21 · EIN 41-1565461 PO BOX 986 · ST CLOUD, MN 563020986	Bank Trustee	$22,017

Plan features & details

Pension benefit codes2E2F2G2J2L2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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.
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.

Expense breakdown

Schedule H Part II

Admin total

$20K

$72 / participant

Contract admin$20K100.0%

% of EOY assets

0.244%

all-in expense ratio

Categories reported

1 / 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: BERGANKDV, LTD
Auditor EIN: 411431613
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,169

$37,117-16.0%

$147,617-78.9%

$55,191-43.5%

Participation rate

78.0%

63.6%+14.4pp

84.6%-6.6pp

69.2%+8.8pp

Annual return

1.69%

3.44%-1.7pp

61.98%-60.3pp

10.78%-9.1pp

Employer contribution / active EE

$1,498

$1,620-7.6%

$5,564-73.1%

$1,899-21.1%

Participant deferral / active EE

$1,907

$1,985-4.0%

$4,895-61.1%

$3,046-37.4%

Admin fee / account holder

$76

$86-11.1%

$11,612-99.3%

$91-16.2%

Provider

Service type

Compensation

BREMER BANK NATIONAL ASSOCIATION1+ years

Filed as: BREMER TRUST, N.A.

Service code 21 · EIN 41-1565461

PO BOX 986 · ST CLOUD, MN 563020986

Bank Trustee

$22,017

CENTRAL MINNESOTA MENTAL HEALTH CENTER 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL MINNESOTA MENTAL HEALTH CENTER 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