Retirement plan

RICHARD J. MODELL FUNERAL HOME CASH BALANCE PENSION PLAN

Name: RICHARD J. MODELL FUNERAL HOME & CREMATION SERVICES, INC. - RICHARD J. MODELL FUNERAL HOME CASH BALANCE PENSION PLAN (2020) Form 5500
Creator: RICHARD J. MODELL FUNERAL HOME & CREMATION SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICHARD J. MODELL FUNERAL HOME CASH BALANCE PENSION PLAN, RICHARD J. MODELL FUNERAL HOME & CREMATION SERVICES, INC.

RICHARD J. MODELL FUNERAL HOME & CREMATION SERVICES, INC.EIN 45-4889151Plan #002PY 2020

12641 W. 143RD STREET - HOMER GLEN, IL 60491708-301-3595rjmodellfh.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#001Retirement-$1.2M assets

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+11.1% from 2019

Total participants

0.0% from 2019

Average account balance

No prior year

Annual return

11.11%

-0.93 pp from 2019

Benchmarks

See 1,086 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined benefit

Participants<25

Cohort1,086 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$923K

Not enough data

1 years with asset history on file

Average account balance

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

$154K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+8.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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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.

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C3B3D3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$8K

$2119 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.554%

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

$274,636-100.0%

$247,190-100.0%

$254,173-100.0%

Participation rate

0.0%

19.5%-19.5pp

15.2%-15.2pp

43.0%-43.0pp

Annual return

11.11%

7.44%+3.7pp

7.87%+3.2pp

259.17%-248.1pp

Employer contribution / active EE

$36,975-100.0%

$31,784-100.0%

$41,471-100.0%

Participant deferral / active EE

$171-100.0%

$241-100.0%

$153-100.0%

Admin fee / account holder

$288,252-100.0%

$240,514-100.0%

$21,502-100.0%

RICHARD J. MODELL FUNERAL HOME CASH BALANCE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RICHARD J. MODELL FUNERAL HOME CASH BALANCE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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