Retirement plan

CENTRE CARE, INC. SAVINGS AND RETIREMENT PLAN PLAN

Name: CENTRE CARE, INC. - CENTRE CARE, INC. SAVINGS AND RETIREMENT PLAN PLAN (2016) Form 5500
Creator: CENTRE CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRE CARE, INC. SAVINGS AND RETIREMENT PLAN PLAN, CENTRE CARE, INC.

CENTRE CARE, INC.EIN 46-3243949Plan #001PY 2016

502 EAST HOWARD STREET - BELLEFONTE, PA 16823814-355-6777centrecre.comLinkedIn1-10 employeescommercial real estate

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$1.2M

+48.5% from 2015

Total participants

355

+2.3% from 2015

Average account balance

$4,916

+31.8% from 2015

Annual return

10.68%

+15.31 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.78M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

150

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.

46.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$805K

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

+10.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$11,764
CETERA ADVISOR NETWORKS LLC2+ years Filed as: CETERA ADVISOR NETWORKS INSC SVCS Service code 53	Insurance Commissions	$4,895
ALLIANCE PENSION CONSULTANTS, LLC2+ years Filed as: THE PARAGON ALLIANCE GROUP, LLC Service code 13	Contract Administrator	$764
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 28	Investment Management	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASACHUSETTS MUTUAL LIFE INS CO Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACUHSETTS MUTUAL LIFE INS CO Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2K2M2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$17K

$64 / participant

Contract admin$17K100.0%

% of EOY assets

1.352%

all-in expense ratio

Categories reported

1 / 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: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,916

$36,916-86.7%

$156,551-96.9%

$57,658-91.5%

Participation rate

59.2%

63.4%-4.2pp

84.0%-24.8pp

70.2%-11.0pp

Annual return

10.68%

12.38%-1.7pp

32.23%-21.5pp

5.13%+5.5pp

Employer contribution / active EE

$431

$1,571-72.6%

$5,501-92.2%

$1,974-78.2%

Participant deferral / active EE

$1,163

$1,926-39.6%

$4,871-76.1%

$3,061-62.0%

Admin fee / account holder

$66

$82-19.4%

$13,028-99.5%

$95-29.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$11,764

CETERA ADVISOR NETWORKS LLC2+ years

Filed as: CETERA ADVISOR NETWORKS INSC SVCS

Service code 53

Insurance Commissions

$4,895

ALLIANCE PENSION CONSULTANTS, LLC2+ years

Filed as: THE PARAGON ALLIANCE GROUP, LLC

Service code 13

Contract Administrator

$764

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 28

Investment Management

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASACHUSETTS MUTUAL LIFE INS CO

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACUHSETTS MUTUAL LIFE INS CO

Service code 60

Sub-TA Fees

CENTRE CARE, INC. SAVINGS AND RETIREMENT PLAN PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRE CARE, INC. SAVINGS AND RETIREMENT PLAN 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