Retirement plan

NEW CHALLENGES EMPLOYEES' RETIREMENT PLAN

Name: NEW CHALLENGES, INC. - NEW CHALLENGES EMPLOYEES' RETIREMENT PLAN (2017) Form 5500
Creator: NEW CHALLENGES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW CHALLENGES EMPLOYEES' RETIREMENT PLAN, NEW CHALLENGES, INC.

NEW CHALLENGES, INC.EIN 41-1937082Plan #001PY 2017

4670 SLATER ROAD - EAGAN, MN 55122651-454-0161newchallengesinc.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$2.3M

+26.1% from 2016

Total participants

222

-7.9% from 2016

Average account balance

$12,498

+33.0% from 2016

Annual return

16.16%

+10.40 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.16M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

203

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$362K

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

+12.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$250

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
HK FINANCIAL SERVICES3+ years Service code 15 · EIN 42-1447865	Recordkeeping	$24,769

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$27K

$142 / participant

Other / not subdivided$27K100.0%

% of EOY assets

1.194%

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: BOYUM & BARENSCHEER, PLLP
Auditor EIN: 416192096
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,498

$55,453-77.5%

$170,435-92.7%

$62,293-79.9%

Participation rate

80.3%

66.4%+13.9pp

83.6%-3.3pp

69.5%+10.8pp

Annual return

16.16%

21.38%-5.2pp

205.94%-189.8pp

28.90%-12.7pp

Employer contribution / active EE

$498

$2,164-77.0%

$5,432-90.8%

$2,042-75.6%

Participant deferral / active EE

$694

$2,303-69.9%

$4,939-85.9%

$3,169-78.1%

Admin fee / account holder

$149

$455-67.2%

$13,881-98.9%

$479-68.9%

Provider

Service type

Compensation

HK FINANCIAL SERVICES3+ years

Service code 15 · EIN 42-1447865

Recordkeeping

$24,769

NEW CHALLENGES EMPLOYEES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW CHALLENGES EMPLOYEES' 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