Retirement plan

MEADOWLARK HILLS EMPLOYEES SAVINGS TRUST

Name: MANHATTAN RETIREMENT FOUNDATION, IN - MEADOWLARK HILLS EMPLOYEES SAVINGS TRUST (2022) Form 5500
Creator: MANHATTAN RETIREMENT FOUNDATION, IN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEADOWLARK HILLS EMPLOYEES SAVINGS TRUST, MANHATTAN RETIREMENT FOUNDATION, IN

MANHATTAN RETIREMENT FOUNDATION, INEIN 48-0830076Plan #002PY 2022

2121 MEADOWLARK ROAD - MANHATTAN, KS 66502785-537-4610

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$5.3M

-21.3% from 2021

Total participants

306

-52.3% from 2021

Average account balance

$47,067

-15.7% from 2021

Annual return

-20.23%

-38.10 pp from 2021

Benchmarks

See 3,875 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,875 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.53M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

115

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.

26.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$606K

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

+16.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$314

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO1 year Filed as: ONEAMERICA RETIREMENT SERVICES Service code 15 · EIN 46-5378846	Recordkeeping	$11,188
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Service code 27 215 SOUTHWIND ROAD · MANHATTAN, KS 66503	Advisory (Plan)	$9,831
MATRIX TRUST COMPANY1 year Service code 18 · EIN 75-3182674	Trustee (directed); Other services; A...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

$21K

$76 / participant

Investment mgmt$10K46.3%
Contract admin$11K52.7%
Other / not subdivided$2161.0%

% of EOY assets

0.403%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VARNEY & ASSOCIATES, CPAS, LLC
Auditor EIN: 300038643
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,067

$46,332+1.6%

$143,797-67.3%

$64,824-27.4%

Participation rate

30.2%

64.2%-34.0pp

80.3%-50.1pp

71.5%-41.3pp

Annual return

-20.23%

-10.05%-10.2pp

-0.04%-20.2pp

32.84%-53.1pp

Employer contribution / active EE

$650

$1,911-66.0%

$4,952-86.9%

$2,507-74.1%

Participant deferral / active EE

$1,218

$2,647-54.0%

$5,638-78.4%

$4,311-71.7%

Admin fee / account holder

$190

$154+23.2%

$14,679-98.7%

$188+0.9%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO1 year

Filed as: ONEAMERICA RETIREMENT SERVICES

Service code 15 · EIN 46-5378846

Recordkeeping

$11,188

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Service code 27

215 SOUTHWIND ROAD · MANHATTAN, KS 66503

Advisory (Plan)

$9,831

MATRIX TRUST COMPANY1 year

Service code 18 · EIN 75-3182674

Trustee (directed); Other services; A...

MEADOWLARK HILLS EMPLOYEES SAVINGS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEADOWLARK HILLS EMPLOYEES SAVINGS TRUST

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