Retirement plan

403(B) THRIFT PLAN OF RURAL ENTERPRISE FOR ACCEPTABLE LIVING, INC.

Name: RURAL ENTERPRISE FOR ACCEPTABLE LIVING, INC. - 403(B) THRIFT PLAN OF RURAL ENTERPRISE FOR ACCEPTABLE LIVING, INC. (2021) Form 5500
Creator: RURAL ENTERPRISE FOR ACCEPTABLE LIVING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF RURAL ENTERPRISE FOR ACCEPTABLE LIVING, INC., RURAL ENTERPRISE FOR ACCEPTABLE LIVING, INC.

RURAL ENTERPRISE FOR ACCEPTABLE LIVING, INC.EIN 41-1384352Plan #001PY 2021

109 S 5TH ST STE 700 - MARSHALL, MN 562581298507-532-2221

Prospect flagsLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$595K

+24.1% from 2020

Total participants

+16.7% from 2020

Average account balance

$28,314

+6.4% from 2020

Annual return

14.98%

+0.89 pp from 2020

Benchmarks

See 103,200 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,200 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$846K

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.

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.

190.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50K

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

+14.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$749

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 codes2F2G2T

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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$28,314

$217,427-87.0%

$185,837-84.8%

$167,518-83.1%

Participation rate

100.0%

86.0%+14.0pp

81.7%+18.3pp

82.1%+17.9pp

Annual return

14.98%

148.39%-133.4pp

122.08%-107.1pp

478.71%-463.7pp

Employer contribution / active EE

$1,600

$5,874-72.8%

$5,168-69.0%

$4,838-66.9%

Participant deferral / active EE

$2,032

$6,357-68.0%

$5,568-63.5%

$6,342-68.0%

Admin fee / account holder

$19,816-100.0%

$16,241-100.0%

$12,312-100.0%

403(B) THRIFT PLAN OF RURAL ENTERPRISE FOR ACCEPTABLE LIVING, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

403(B) THRIFT PLAN OF RURAL ENTERPRISE FOR ACCEPTABLE LIVING, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion