Retirement plan

INGLESIDE 401(K) PLAN

Name: WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RTRMT COMMUNITIES, INC. - INGLESIDE 401(K) PLAN (2023) Form 5500
Creator: WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RTRMT COMMUNITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INGLESIDE 401(K) PLAN, WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RTRMT COMMUNITIES, INC.

WESTMINSTER INGLESIDE KING FARM PRESBYTERIAN RTRMT COMMUNITIES, INC.EIN 45-3825159Plan #001PY 2023

2275 RESEARCH BLVD, SUITE 450 - ROCKVILLE, MD 20850301-407-2030

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$16.6M

+24.8% from 2022

Total participants

920

+12.1% from 2022

Average account balance

$33,663

+13.7% from 2022

Annual return

17.78%

+32.92 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.60M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

516

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.

39.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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 5 by compensation

Provider	Service type	Compensation
GREENSPRING ADVISORS, LLC6 years Service code 15 · EIN 82-5320133	Recordkeeping	$38,466
AMERICAN UNITED LIFE INSURANCE CO4 years Filed as: ONEAMERICA RETIREMENT SERVICES Service code 15 · EIN 46-5378846	Recordkeeping	$32,816
MATRIX TRUST COMPANY4 years Service code 18 · EIN 75-3182674	Float revenue; Custodial (other than ...	$0
MATRIX TRUST COMPANY4 years Filed as: MSCS FS DIV OF BROADRIDGE BPO, LLC Service code 59	Shareholder Servicing	$0
MATRIX TRUST COMPANY4 years Filed as: MSCS FS DIV OF BROADRIDGE BPO, LLP Service code 59 · EIN 33-1151291	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$71K

$96 / participant

Recordkeeping$33K46.0%
Investment mgmt$38K54.0%

% of EOY assets

0.430%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,663

$47,180-28.6%

$149,723-77.5%

$74,473-54.8%

Participation rate

42.4%

63.4%-21.0pp

78.8%-36.4pp

70.7%-28.4pp

Annual return

17.78%

22.75%-5.0pp

134.50%-116.7pp

34.36%-16.6pp

Employer contribution / active EE

$731

$1,907-61.7%

$4,821-84.8%

$2,638-72.3%

Participant deferral / active EE

$1,836

$2,730-32.7%

$5,682-67.7%

$4,530-59.5%

Admin fee / account holder

$145

$343-57.9%

$13,215-98.9%

$347-58.3%

Provider

Service type

Compensation

GREENSPRING ADVISORS, LLC6 years

Service code 15 · EIN 82-5320133

Recordkeeping

$38,466

AMERICAN UNITED LIFE INSURANCE CO4 years

Filed as: ONEAMERICA RETIREMENT SERVICES

Service code 15 · EIN 46-5378846

Recordkeeping

$32,816

MATRIX TRUST COMPANY4 years

Service code 18 · EIN 75-3182674

Float revenue; Custodial (other than ...

MATRIX TRUST COMPANY4 years

Filed as: MSCS FS DIV OF BROADRIDGE BPO, LLC

Service code 59

Shareholder Servicing

MATRIX TRUST COMPANY4 years

Filed as: MSCS FS DIV OF BROADRIDGE BPO, LLP

Service code 59 · EIN 33-1151291

Shareholder Servicing

INGLESIDE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INGLESIDE 401(K) 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