Retirement plan

PENINSULA FUNERAL HOME, INC. EMPLOYEE 401K PROFIT SHARING PLAN

Name: PENINSULA FUNERAL HOME, INC. - PENINSULA FUNERAL HOME, INC. EMPLOYEE 401K PROFIT SHARING PLAN (2020) Form 5500
Creator: PENINSULA FUNERAL HOME, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENINSULA FUNERAL HOME, INC. EMPLOYEE 401K PROFIT SHARING PLAN, PENINSULA FUNERAL HOME, INC.

PENINSULA FUNERAL HOME, INC.EIN 54-0540459Plan #002PY 2020

11144 WARWICK BLVD. - NEWPORT NEWS, VA 236012343757-595-4424peninsulafuneralhome.comLinkedIn11-50 employeeshospital & health care

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+19.6% from 2019

Total participants

-15.2% from 2019

Average account balance

$36,131

+19.6% from 2019

Annual return

15.59%

-4.91 pp from 2019

Benchmarks

See 8,772 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,772 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$500K

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$34K

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

+14.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2372

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$33K

$1107 / participant

Other / not subdivided$33K100.0%

% of EOY assets

3.283%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,131

$60,119-39.9%

$90,430-60.0%

$79,858-54.8%

Participation rate

63.3%

65.0%-1.6pp

72.7%-9.4pp

69.6%-6.3pp

Annual return

15.59%

71.94%-56.3pp

1293.73%-1278.1pp

31.72%-16.1pp

Employer contribution / active EE

$1,246

$2,068-39.8%

$3,262-61.8%

$2,471-49.6%

Participant deferral / active EE

$811

$2,938-72.4%

$3,963-79.5%

$3,740-78.3%

Admin fee / account holder

$1,186

$3,976-70.2%

$5,613-78.9%

$5,306-77.6%

PENINSULA FUNERAL HOME, INC. EMPLOYEE 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENINSULA FUNERAL HOME, INC. EMPLOYEE 401K 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