Retirement plan

EMPLOYEE BENEFIT PLAN OF MINNESOTA COMMUNITY ACTION PARTNERSHIP

Name: MINNESOTA COMMUNITY ACTION PARTNERS HIP - EMPLOYEE BENEFIT PLAN OF MINNESOTA COMMUNITY ACTION PARTNERSHIP (2017) Form 5500
Creator: MINNESOTA COMMUNITY ACTION PARTNERS HIP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF MINNESOTA COMMUNITY ACTION PARTNERSHIP, MINNESOTA COMMUNITY ACTION PARTNERS HIP

MINNESOTA COMMUNITY ACTION PARTNERS HIPEIN 41-1407742Plan #001PY 2017

100 EMPIRE DR STE 202 - SAINT PAUL, MN 551031886651-645-7425minncap.orgLinkedIn1-10 employeescivic & social organization

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$389K

+35.2% from 2016

Total participants

-20.0% from 2016

Average account balance

$97,321

+69.0% from 2016

Annual return

30.21%

+26.73 pp from 2016

Benchmarks

See 32,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort32,058 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$293K

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

250.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25092

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 codes2F2T3D

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).
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$9K

$2893 / participant

Other / not subdivided$9K100.0%

% of EOY assets

2.230%

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

$97,321

$99,009-1.7%

$86,581+12.4%

$147,585-34.1%

Participation rate

100.0%

76.3%+23.7pp

73.5%+26.5pp

82.8%+17.2pp

Annual return

30.21%

1312.70%-1282.5pp

965.06%-934.8pp

578.58%-548.4pp

Employer contribution / active EE

$3,834

$3,132+22.4%

$2,840+35.0%

$4,876-21.4%

Participant deferral / active EE

$3,834

$3,972-3.5%

$3,609+6.2%

$5,439-29.5%

Admin fee / account holder

$2,170

$5,709-62.0%

$4,904-55.8%

$10,886-80.1%

EMPLOYEE BENEFIT PLAN OF MINNESOTA COMMUNITY ACTION PARTNERSHIP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF MINNESOTA COMMUNITY ACTION PARTNERSHIP

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