Retirement plan

MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN

Name: MID-MINNESOTA LEGAL ASSISTANCE - MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN (2017) Form 5500
Creator: MID-MINNESOTA LEGAL ASSISTANCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN, MID-MINNESOTA LEGAL ASSISTANCE

MID-MINNESOTA LEGAL ASSISTANCEEIN 41-1412710Plan #001PY 2017

430 FIRST AVENUE NORTH, SUITE 300 - MINNEAPOLIS, MN 55401612-332-1441mylegalaid.orgLinkedIn51-200 employeeslegal services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.7M

+17.3% from 2016

Total participants

208

-1.9% from 2016

Average account balance

$82,865

+17.3% from 2016

Annual return

17.17%

+8.93 pp from 2016

Benchmarks

See 1,704 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,704 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.75M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

265

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.

92.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$312

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

Top 3 by compensation

Provider	Service type	Compensation
PENSERV PLAN SERVICES, INC.3+ years Service code 15 PO BOX 3109 · WEST COLUMBIA, SC 29171	Recordkeeping	$12,939
PLAN DESIGN CONSULTANTS, INC.3+ years Filed as: PLAN VISION Service code 26 17400 25TH AVENUE N · PLYMOUTH, MN 55447	Advisory (Participants)	$8,194
LT TRUST COMPANY2 years Filed as: MG TRUST COMPANY LLC Service code 19 · EIN 75-3182674	Securities Custodian	$6,614

Plan features & details

Pension benefit codes2F2K2M2T

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).
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$28K

$187 / participant

Investment mgmt$15K52.7%
Contract admin$13K47.3%

% of EOY assets

0.169%

all-in expense ratio

Categories reported

2 / 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: HARRINGTON LANGER & ASSOCIATES
Auditor EIN: 411532347
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,865

$50,637+63.6%

$86,581-4.3%

$62,293+33.0%

Participation rate

95.3%

67.9%+27.4pp

73.5%+21.8pp

69.5%+25.8pp

Annual return

17.17%

20.80%-3.6pp

965.06%-947.9pp

28.90%-11.7pp

Employer contribution / active EE

$2,122

$2,075+2.2%

$2,840-25.3%

$2,042+3.9%

Participant deferral / active EE

$5,571

$2,611+113.4%

$3,609+54.4%

$3,169+75.8%

Admin fee / account holder

$140

$413-66.2%

$4,904-97.2%

$479-70.9%

Provider

Service type

Compensation

PENSERV PLAN SERVICES, INC.3+ years

Service code 15

PO BOX 3109 · WEST COLUMBIA, SC 29171

Recordkeeping

$12,939

PLAN DESIGN CONSULTANTS, INC.3+ years

Filed as: PLAN VISION

Service code 26

17400 25TH AVENUE N · PLYMOUTH, MN 55447

Advisory (Participants)

$8,194

LT TRUST COMPANY2 years

Filed as: MG TRUST COMPANY LLC

Service code 19 · EIN 75-3182674

Securities Custodian

$6,614

MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MID-MINNESOTA LEGAL ASSISTANCE 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