Retirement plan

SOUTH CENTRAL HUMAN RELATIONS CENTER 401(K) P/S PLAN

Name: SOUTH CENTRAL HUMAN RELATIONS CENTER - SOUTH CENTRAL HUMAN RELATIONS CENTER 401(K) P/S PLAN (2016) Form 5500
Creator: SOUTH CENTRAL HUMAN RELATIONS CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH CENTRAL HUMAN RELATIONS CENTER 401(K) P/S PLAN, SOUTH CENTRAL HUMAN RELATIONS CENTER

SOUTH CENTRAL HUMAN RELATIONS CENTEREIN 41-0873733Plan #001PY 2016

610 FLORENCE AVE - OWATONNA, MN 550604704507-451-2630LinkedIn1-10 employeescivic & social organization

Prospect flagsHigh cashLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$3.3M

+13.5% from 2015

Total participants

171

+2.4% from 2015

Average account balance

$21,787

+11.2% from 2015

Annual return

5.72%

+5.59 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.61M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

181

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.

73.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$624K

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

+13.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34

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
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$7,743

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

3 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$8K

$71 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.232%

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: STRUSS CPAS, P.C.
Auditor EIN: 271590985
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,787

$46,732-53.4%

$156,551-86.1%

$55,167-60.5%

Participation rate

83.5%

65.8%+17.7pp

84.0%-0.5pp

69.0%+14.5pp

Annual return

5.72%

17.72%-12.0pp

32.23%-26.5pp

169.23%-163.5pp

Employer contribution / active EE

$1,103

$2,105-47.6%

$5,501-79.9%

$1,963-43.8%

Participant deferral / active EE

$2,402

$2,204+9.0%

$4,871-50.7%

$3,054-21.3%

Admin fee / account holder

$51

$418-87.9%

$13,028-99.6%

$504-90.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$7,743

SOUTH CENTRAL HUMAN RELATIONS CENTER 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH CENTRAL HUMAN RELATIONS CENTER 401(K) P/S 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