Retirement plan

HUBBARD COUNTY DAC 403(B) RETIREMENT PLAN

Name: HUBBARD COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER, INC. - HUBBARD COUNTY DAC 403(B) RETIREMENT PLAN (2018) Form 5500
Creator: HUBBARD COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUBBARD COUNTY DAC 403(B) RETIREMENT PLAN, HUBBARD COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER, INC.

HUBBARD COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER, INC.EIN 41-1112749Plan #003PY 2018

113 MAIN AVENUE SOUTH - PARK RAPIDS, MN 56470218-237-8518hcdac.orgLinkedIn11-50 employeeseducation management

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

-32.1% from 2017

Total participants

-32.7% from 2017

Average account balance

$44,792

-20.8% from 2017

Annual return

5.36%

-8.49 pp from 2017

Benchmarks

See 2,579 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,579 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.49M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

55.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2411

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 codes2E2F2G2M2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$894K

$27076 / participant

Other / not subdivided$894K100.0%

% of EOY assets

66.494%

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

$44,792

$43,730+2.4%

$121,220-63.0%

$64,173-30.2%

Participation rate

78.8%

58.3%+20.4pp

71.8%+7.0pp

69.6%+9.2pp

Annual return

5.36%

68.94%-63.6pp

16.94%-11.6pp

7.63%-2.3pp

Employer contribution / active EE

$1,434

$1,297+10.6%

$4,023-64.4%

$2,381-39.8%

Participant deferral / active EE

$2,543

$2,281+11.5%

$3,345-24.0%

$3,470-26.7%

Admin fee / account holder

$29,784

$3,502+750.4%

$5,021+493.2%

$4,887+509.4%

HUBBARD COUNTY DAC 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUBBARD COUNTY DAC 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