Retirement plan

HOLY ANGELS INC. 403(B) RETIREMENT SAVINGS PLAN

Name: HOLY ANGELS, INC. - HOLY ANGELS INC. 403(B) RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: HOLY ANGELS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOLY ANGELS INC. 403(B) RETIREMENT SAVINGS PLAN, HOLY ANGELS, INC.

HOLY ANGELS, INC.EIN 51-0230406Plan #001PY 2017

BOX 710 - BELMONT, NC 28012704-825-4161holyangelsnc.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow assets / participantLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$3.4M

+14.3% from 2016

Total participants

312

+5.8% from 2016

Average account balance

$10,925

+1.9% from 2016

Annual return

12.40%

+5.78 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.44M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

509

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.

77.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$707K

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

+9.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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
SUNTRUST BANKS, INC.3+ years Filed as: BBANDT Service code 21 · EIN 57-0956597	Bank Trustee	$35,972
PRONVEST3+ years Service code 51 · EIN 62-1823351	Investment Mgmt Fees	$9,251

Plan features & details

Pension benefit codes2M2G2S2T3D2A

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).
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$45K

$188 / participant

Investment mgmt$19K41.4%
Other / not subdivided$26K58.6%

% of EOY assets

1.327%

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: CHERRY BEKAERT, LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,925

$55,453-80.3%

$170,435-93.6%

$62,293-82.5%

Participation rate

100.0%

66.4%+33.6pp

83.6%+16.4pp

69.5%+30.5pp

Annual return

12.40%

21.38%-9.0pp

205.94%-193.5pp

28.90%-16.5pp

Employer contribution / active EE

$557

$2,164-74.2%

$5,432-89.7%

$2,042-72.7%

Participant deferral / active EE

$1,198

$2,303-48.0%

$4,939-75.7%

$3,169-62.2%

Admin fee / account holder

$145

$455-68.1%

$13,881-99.0%

$479-69.8%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.3+ years

Filed as: BBANDT

Service code 21 · EIN 57-0956597

Bank Trustee

$35,972

PRONVEST3+ years

Service code 51 · EIN 62-1823351

Investment Mgmt Fees

$9,251

HOLY ANGELS INC. 403(B) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOLY ANGELS INC. 403(B) RETIREMENT SAVINGS 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