Retirement plan

SOUTH METRO HUMAN SERVICES 403(B) PLAN

Name: SOUTH METRO HUMAN SERVICES - SOUTH METRO HUMAN SERVICES 403(B) PLAN (2016) Form 5500
Creator: SOUTH METRO HUMAN SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH METRO HUMAN SERVICES 403(B) PLAN, SOUTH METRO HUMAN SERVICES

SOUTH METRO HUMAN SERVICESEIN 41-1712779Plan #001PY 2016

166 FOURTH STREET EAST - ST. PAUL, MN 55101651-291-1979LinkedIn1-10 employeesmental health care

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.5M

+21.7% from 2015

Total participants

392

+4.8% from 2015

Average account balance

$19,819

+11.1% from 2015

Annual return

9.79%

+10.68 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.16M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

424

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.

73.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.26M

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

+15.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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 1 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO2+ years Service code 15 · EIN 35-0145825 ONE AMERICAN SQUARE BUZZ 412 N · INDIANAPOLIS, IN 46282	Recordkeeping	$4,965

Plan features & details

Pension benefit codes2L2K2F2G2T3D2E

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$1K

$3 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.024%

all-in expense ratio

Categories reported

0 / 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: OLSEN, THIELEN & CO. LTD
Auditor EIN: 411360831
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,819

$36,916-46.3%

$156,551-87.3%

$57,658-65.6%

Participation rate

48.9%

63.4%-14.5pp

84.0%-35.1pp

70.2%-21.3pp

Annual return

9.79%

12.38%-2.6pp

32.23%-22.4pp

5.13%+4.7pp

Employer contribution / active EE

$614

$1,571-60.9%

$5,501-88.8%

$1,974-68.9%

Participant deferral / active EE

$1,444

$1,926-25.0%

$4,871-70.4%

$3,061-52.8%

Admin fee / account holder

$82-94.3%

$13,028-100.0%

$95-95.0%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO2+ years

Service code 15 · EIN 35-0145825

ONE AMERICAN SQUARE BUZZ 412 N · INDIANAPOLIS, IN 46282

Recordkeeping

$4,965

SOUTH METRO HUMAN SERVICES 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH METRO HUMAN SERVICES 403(B) 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