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 (2020) 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 2020

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

Prospect flagsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$5M

+4.5% from 2019

Total participants

195

+10.8% from 2019

Average account balance

$30,479

+5.7% from 2019

Annual return

14.69%

-5.25 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

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 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

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$6K

$49 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.118%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,479

$58,888-48.2%

$178,498-82.9%

$73,493-58.5%

Participation rate

74.4%

66.2%+8.1pp

81.9%-7.5pp

70.7%+3.7pp

Annual return

14.69%

24.86%-10.2pp

151.09%-136.4pp

28.51%-13.8pp

Employer contribution / active EE

$890

$2,236-60.2%

$5,011-82.2%

$2,270-60.8%

Participant deferral / active EE

$2,594

$2,568+1.0%

$5,202-50.1%

$3,740-30.6%

Admin fee / account holder

$36

$400-91.0%

$13,985-99.7%

$513-93.0%

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