Retirement plan

SOUTH DAKOTA ASSOCIATION OF COMMUNITY BASED SERVICES 403(B) RETIREMENT PLAN

Name: SOUTH DAKOTA COUNCIL OF MENTAL HEALTH CENTERS - SOUTH DAKOTA ASSOCIATION OF COMMUNITY BASED SERVICES 403(B) RETIREMENT PLAN (2015) Form 5500
Creator: SOUTH DAKOTA COUNCIL OF MENTAL HEALTH CENTERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH DAKOTA ASSOCIATION OF COMMUNITY BASED SERVICES 403(B) RETIREMENT PLAN, SOUTH DAKOTA COUNCIL OF MENTAL HEALTH CENTERS

SOUTH DAKOTA COUNCIL OF MENTAL HEALTH CENTERSEIN 46-0442372Plan #002PY 2015

2520 EAST FRANKLIN STREET, P.O. BOX 532 - PIERRE, SD 575010532605-224-0123

Other plans on this EIN

1 filing

#001Retirement-$17.3M assets

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$9.2M

No prior year

Total participants

853

No prior year

Average account balance

$25,201

No prior year

Annual return

-1.50%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.48%

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
BMS FINANCIAL ADVISORS1+ years Service code 15 · EIN 43-2073779	Recordkeeping	$14,741
FRINGE BENEFITS DESIGN OF MN, INC.1+ years Filed as: FRINGE BENEFITS DESIGN OF MINNESOTA Service code 16 · EIN 41-1276678 7760 FRANCE AVENUE, SUITE 810 · BLOOMINGTON, MN 55435	Consulting	$11,784
TD AMERITRADE, INC.1+ years Filed as: TD AMERITRADE TRUST CO Service code 19 · EIN 20-0937408 717 17TH STREET · DENVER, CO 80202	Securities Custodian	$5,678

Plan features & details

Pension benefit codes2F2G2J2K2L3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$32K

$41 / participant

Other / not subdivided$32K100.0%

% of EOY assets

0.348%

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: KETEL THORSTENSON
Auditor EIN: 460257538
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,201

$37,117-32.1%

$147,617-82.9%

$55,191-54.3%

Participation rate

38.7%

63.6%-24.9pp

84.6%-45.9pp

69.2%-30.4pp

Annual return

-1.50%

3.44%-4.9pp

61.98%-63.5pp

10.78%-12.3pp

Employer contribution / active EE

$452

$1,620-72.1%

$5,564-91.9%

$1,899-76.2%

Participant deferral / active EE

$618

$1,985-68.9%

$4,895-87.4%

$3,046-79.7%

Admin fee / account holder

$88

$86+2.5%

$11,612-99.2%

$91-3.4%

Provider

Service type

Compensation

BMS FINANCIAL ADVISORS1+ years

Service code 15 · EIN 43-2073779

Recordkeeping

$14,741

FRINGE BENEFITS DESIGN OF MN, INC.1+ years

Filed as: FRINGE BENEFITS DESIGN OF MINNESOTA

Service code 16 · EIN 41-1276678

7760 FRANCE AVENUE, SUITE 810 · BLOOMINGTON, MN 55435

Consulting

$11,784

TD AMERITRADE, INC.1+ years

Filed as: TD AMERITRADE TRUST CO

Service code 19 · EIN 20-0937408

717 17TH STREET · DENVER, CO 80202

Securities Custodian

$5,678

SOUTH DAKOTA ASSOCIATION OF COMMUNITY BASED SERVICES 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH DAKOTA ASSOCIATION OF COMMUNITY BASED SERVICES 403(B) 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