Retirement plan

MENNONITE FRIENDSHIP COMMUNITIES, INC 401(K) PROFIT SHARING PLAN

Name: MENNONITE FRIENDSHIP COMMUNITIES - MENNONITE FRIENDSHIP COMMUNITIES, INC 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: MENNONITE FRIENDSHIP COMMUNITIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MENNONITE FRIENDSHIP COMMUNITIES, INC 401(K) PROFIT SHARING PLAN, MENNONITE FRIENDSHIP COMMUNITIES

MENNONITE FRIENDSHIP COMMUNITIESEIN 48-0798371Plan #001PY 2016

600 WEST BLANCHARD - HUTCHINSON, KS 67505620-663-1715mennofriend.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$1.7M

+0.8% from 2015

Total participants

135

-6.9% from 2015

Average account balance

$25,638

+29.3% from 2015

Annual return

7.40%

+4.68 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

$1.75M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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

1 years with headcount on file

Eligible Participants and Participation

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

77.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$195K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+39.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2547

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 2 by compensation

Provider	Service type	Compensation
LINDBURG VOGEL PIERCE FARIS, CHTD2+ years Filed as: LINDBURG VOGEL PIERCE FARIS Service code 10 PO BOX 2047 · HUTCHINSON, KS 67504	Accounting	$7,250
ALLEN, GIBBS & HOULIK, L.C.2+ years Filed as: ALLEN GIBBS & HOULIK LLC Service code 15 301 N MAIN ST, SUITE 1700 · WICHITA, KS 67202	Recordkeeping	$6,336

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$18K

$152 / participant

Contract admin$18K100.0%

% of EOY assets

1.047%

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: LINDBURG VOGEL PIERCE FARIS, CHARTE
Auditor EIN: 480841034
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,638

$46,732-45.1%

$156,551-83.6%

$55,167-53.5%

Participation rate

42.4%

65.8%-23.4pp

84.0%-41.6pp

69.0%-26.6pp

Annual return

7.40%

17.72%-10.3pp

32.23%-24.8pp

169.23%-161.8pp

Employer contribution / active EE

$15

$2,105-99.3%

$5,501-99.7%

$1,963-99.3%

Participant deferral / active EE

$736

$2,204-66.6%

$4,871-84.9%

$3,054-75.9%

Admin fee / account holder

$268

$418-35.9%

$13,028-97.9%

$504-46.7%

Provider

Service type

Compensation

LINDBURG VOGEL PIERCE FARIS, CHTD2+ years

Filed as: LINDBURG VOGEL PIERCE FARIS

Service code 10

PO BOX 2047 · HUTCHINSON, KS 67504

Accounting

$7,250

ALLEN, GIBBS & HOULIK, L.C.2+ years

Filed as: ALLEN GIBBS & HOULIK LLC

Service code 15

301 N MAIN ST, SUITE 1700 · WICHITA, KS 67202

Recordkeeping

$6,336

MENNONITE FRIENDSHIP COMMUNITIES, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MENNONITE FRIENDSHIP COMMUNITIES, INC 401(K) PROFIT SHARING 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