Retirement plan

LUTHER MEMORIAL HOME 401K PLAN

Name: LUTHER MEMORIAL HOME - LUTHER MEMORIAL HOME 401K PLAN (2017) Form 5500
Creator: LUTHER MEMORIAL HOME
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUTHER MEMORIAL HOME 401K PLAN, LUTHER MEMORIAL HOME

LUTHER MEMORIAL HOMEEIN 45-0261669Plan #002PY 2017

750 MAIN ST E - MAYVILLE, ND 582571606701-786-3401LinkedIn1-10 employeeshospital & health care

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$4.7M

+14.1% from 2016

Total participants

157

+2.6% from 2016

Average account balance

$30,686

+8.1% from 2016

Annual return

16.70%

+8.49 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

$4.42M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

156

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.

91.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$329K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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
ALERUS FINANCIAL, N.A.3+ years Filed as: ALERUS FINANCIAL Service code 21 · EIN 45-0140105 401 DEMERS AVE. · GRAND FORKS, ND 58201	Bank Trustee	$26,203

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$26K

$222 / participant

Other / not subdivided$26K100.0%

% of EOY assets

0.558%

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: BRADY MARTZ & ASSOCIATES, P.C.
Auditor EIN: 450310328
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,686

$55,453-44.7%

$170,435-82.0%

$62,293-50.7%

Participation rate

96.6%

66.4%+30.2pp

83.6%+13.0pp

69.5%+27.1pp

Annual return

16.70%

21.38%-4.7pp

205.94%-189.2pp

28.90%-12.2pp

Employer contribution / active EE

$1,186

$2,164-45.2%

$5,432-78.2%

$2,042-41.9%

Participant deferral / active EE

$1,288

$2,303-44.1%

$4,939-73.9%

$3,169-59.4%

Admin fee / account holder

$171

$455-62.4%

$13,881-98.8%

$479-64.3%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.3+ years

Filed as: ALERUS FINANCIAL

Service code 21 · EIN 45-0140105

401 DEMERS AVE. · GRAND FORKS, ND 58201

Bank Trustee

$26,203

LUTHER MEMORIAL HOME 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUTHER MEMORIAL HOME 401K 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