Retirement plan

403(B) THRIFT PLAN OF ASSOCIATION OF RESIDENTIAL RESOURCES IN MINNESOTA

Name: ASSOCIATION OF RESIDENTIAL RESOURCES IN MINNESOTA - 403(B) THRIFT PLAN OF ASSOCIATION OF RESIDENTIAL RESOURCES IN MINNESOTA (2022) Form 5500
Creator: ASSOCIATION OF RESIDENTIAL RESOURCES IN MINNESOTA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF ASSOCIATION OF RESIDENTIAL RESOURCES IN MINNESOTA, ASSOCIATION OF RESIDENTIAL RESOURCES IN MINNESOTA

ASSOCIATION OF RESIDENTIAL RESOURCES IN MINNESOTAEIN 41-0993136Plan #001PY 2022

860 BLUE GENTIAN RD STE 190 - EAGAN, MN 551211655651-291-1086

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$443K

+3.0% from 2021

Total participants

+8.3% from 2021

Average account balance

$34,099

-4.9% from 2021

Annual return

-16.38%

-98.28 pp from 2021

Benchmarks

See 105,966 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,966 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$643K

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

144.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+10.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27532

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

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 codes2F2G2T3D

Plan features

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.
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

$98

$16 / participant

Other / not subdivided$98100.0%

% of EOY assets

0.022%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,099

$167,352-79.6%

$143,788-76.3%

$134,509-74.6%

Participation rate

100.0%

84.8%+15.2pp

80.3%+19.7pp

81.2%+18.8pp

Annual return

-16.38%

0.47%-16.9pp

-0.03%-16.3pp

418.13%-434.5pp

Employer contribution / active EE

$5,121

$5,620-8.9%

$4,952+3.4%

$4,741+8.0%

Participant deferral / active EE

$8,766

$6,447+36.0%

$5,638+55.5%

$6,400+37.0%

Admin fee / account holder

$18,091-100.0%

$14,675-99.9%

$11,427-99.9%

403(B) THRIFT PLAN OF ASSOCIATION OF RESIDENTIAL RESOURCES IN MINNESOTA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF ASSOCIATION OF RESIDENTIAL RESOURCES IN MINNESOTA

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