Retirement plan

WINGSPAN LIFE RESOURCES RETIREMENT PLAN

Name: WINGSPAN LIFE RESOURCES - WINGSPAN LIFE RESOURCES RETIREMENT PLAN (2018) Form 5500
Creator: WINGSPAN LIFE RESOURCES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WINGSPAN LIFE RESOURCES RETIREMENT PLAN, WINGSPAN LIFE RESOURCES

WINGSPAN LIFE RESOURCESEIN 41-1742456Plan #001PY 2018

30 EAST PLATO BLVD - SAINT PAUL, MN 55107651-646-3846wingspanlife.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.2M

-8.8% from 2017

Total participants

257

+8.9% from 2017

Average account balance

$27,890

-12.7% from 2017

Annual return

-4.03%

-16.15 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.45M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

141

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.

34.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$681K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$63

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
MINNESOTA LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 41-0417830	Contract Administrator	$7,320

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$7K

$33 / participant

Contract admin$7K100.0%

% of EOY assets

0.226%

all-in expense ratio

Categories reported

1 / 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: LB CARLSON, LLP
Auditor EIN: 411504933
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,890

$47,977-41.9%

$154,114-81.9%

$56,287-50.5%

Participation rate

36.8%

66.2%-29.4pp

83.0%-46.3pp

69.9%-33.1pp

Annual return

-4.03%

3.54%-7.6pp

735.16%-739.2pp

-9.96%+5.9pp

Employer contribution / active EE

$447

$2,169-79.4%

$5,298-91.6%

$2,111-78.8%

Participant deferral / active EE

$842

$2,392-64.8%

$5,081-83.4%

$3,350-74.9%

Admin fee / account holder

$63

$438-85.6%

$13,411-99.5%

$521-87.9%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 41-0417830

Contract Administrator

$7,320

WINGSPAN LIFE RESOURCES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WINGSPAN LIFE RESOURCES 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