Retirement plan

HOUSING AND REDEVELOPMENT AUTHORITY OF VIRGINIA, MN RETIREMENT PLAN

Name: HOUSING AND REDEVELOPMENT AUTHORITY OF VIRGINIA - HOUSING AND REDEVELOPMENT AUTHORITY OF VIRGINIA, MN RETIREMENT PLAN (2016) Form 5500
Creator: HOUSING AND REDEVELOPMENT AUTHORITY OF VIRGINIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOUSING AND REDEVELOPMENT AUTHORITY OF VIRGINIA, MN RETIREMENT PLAN, HOUSING AND REDEVELOPMENT AUTHORITY OF VIRGINIA

HOUSING AND REDEVELOPMENT AUTHORITY OF VIRGINIAEIN 41-6008272Plan #001PY 2016

442 PINE MILL COURT, PO BOX 1146 - VIRGINIA, MN 55792218-741-2610vhra.orgLinkedIn11-50 employeesreal estate

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.7M

No prior year

Total participants

No prior year

Average account balance

$78,204

No prior year

Annual return

-1.78%

No prior year

Benchmarks

See 13,988 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort13,988 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.82M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

108.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$145K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+6.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39093

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 codes2C2F2G2T2R3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$338K

$15382 / participant

Other / not subdivided$338K100.0%

% of EOY assets

19.669%

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

$78,204

$215,361-63.7%

$171,082-54.3%

$273,972-71.5%

Participation rate

72.7%

82.0%-9.3pp

76.7%-4.0pp

83.0%-10.3pp

Annual return

-1.78%

25.14%-26.9pp

32.56%-34.3pp

41.46%-43.2pp

Employer contribution / active EE

$4,708

$4,967-5.2%

$4,002+17.6%

$4,869-3.3%

Participant deferral / active EE

$5,543-100.0%

$4,797-100.0%

$5,287-100.0%

Admin fee / account holder

$15,382

$10,846+41.8%

$8,520+80.6%

$10,133+51.8%

HOUSING AND REDEVELOPMENT AUTHORITY OF VIRGINIA, MN RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOUSING AND REDEVELOPMENT AUTHORITY OF VIRGINIA, MN 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