Retirement plan

MENTAL HEALTH CENTER OF EAST CENTRAL KANSAS RETIREMENT 401(K) PLAN

Name: MENTAL HEALTH CENTER OF EAST CENTRAL KANSAS - MENTAL HEALTH CENTER OF EAST CENTRAL KANSAS RETIREMENT 401(K) PLAN (2016) Form 5500
Creator: MENTAL HEALTH CENTER OF EAST CENTRAL KANSAS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MENTAL HEALTH CENTER OF EAST CENTRAL KANSAS RETIREMENT 401(K) PLAN, MENTAL HEALTH CENTER OF EAST CENTRAL KANSAS

MENTAL HEALTH CENTER OF EAST CENTRAL KANSASEIN 48-0666889Plan #001PY 2016

1000 LINCOLN - EMPORIA, KS 66801620-343-2211mhceck.orgLinkedIn51-200 employeesmental health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.6M

+5.1% from 2015

Total participants

162

-9.5% from 2015

Average account balance

$26,891

+7.4% from 2015

Annual return

6.88%

+8.93 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.35M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

292

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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 2 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 14 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Plan Administrator	$31,153
DEMARS PENSION CONSULTING SERVICES2+ years Filed as: DEMARS PENSION CONSULTING SVCS, INC Service code 10 8700 INDIAN CREEK PKWY, SUITE 185 · OVERLAND PARK, KS 66210	Accounting	$12,784

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$44K

$323 / participant

Investment mgmt$31K70.9%
Contract admin$13K29.1%

% of EOY assets

1.228%

all-in expense ratio

Categories reported

2 / 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: BERBERICH TRAHAN & CO., P.A.
Auditor EIN: 481066439
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,891

$46,732-42.5%

$156,551-82.8%

$55,167-51.3%

Participation rate

78.7%

65.8%+12.9pp

84.0%-5.3pp

69.0%+9.7pp

Annual return

6.88%

17.72%-10.8pp

32.23%-25.4pp

169.23%-162.4pp

Employer contribution / active EE

$1,492

$2,105-29.1%

$5,501-72.9%

$1,963-24.0%

Participant deferral / active EE

$1,419

$2,204-35.6%

$4,871-70.9%

$3,054-53.6%

Admin fee / account holder

$330

$418-21.0%

$13,028-97.5%

$504-34.4%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 14

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Plan Administrator

$31,153

DEMARS PENSION CONSULTING SERVICES2+ years

Filed as: DEMARS PENSION CONSULTING SVCS, INC

Service code 10

8700 INDIAN CREEK PKWY, SUITE 185 · OVERLAND PARK, KS 66210

Accounting

$12,784

MENTAL HEALTH CENTER OF EAST CENTRAL KANSAS RETIREMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MENTAL HEALTH CENTER OF EAST CENTRAL KANSAS RETIREMENT 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