Retirement plan

MOUNTAINHEART COMMUNITY SERVICES, INC. PROFIT SHARING PLAN

Name: MOUNTAINHEART COMMUNITY SERVICES, INC. - MOUNTAINHEART COMMUNITY SERVICES, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: MOUNTAINHEART COMMUNITY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOUNTAINHEART COMMUNITY SERVICES, INC. PROFIT SHARING PLAN, MOUNTAINHEART COMMUNITY SERVICES, INC.

MOUNTAINHEART COMMUNITY SERVICES, INC.EIN 55-0481419Plan #005PY 2023

P.O. BOX 1509 - OCEANA, WV 248701509304-682-8271mthtwv.comLinkedIn51-200 employeesindividual & family services

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$9.7M

+20.5% from 2022

Total participants

251

+6.8% from 2022

Average account balance

$38,685

+12.3% from 2022

Annual return

16.17%

+33.27 pp from 2022

Benchmarks

See 1,917 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,917 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.34M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

269

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$936K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE9+ years Service code 64 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$61,381
MONEY CONCEPTS CAPITAL CORP5 years Service code 33 11440 NORTH JOG RD · PALM BEACH GARDENS, FL 33418	Securities brokerage	$34,057
TRITON SERVICES CORPORATION9+ years Service code 16 · EIN 11-3187413 4114 LEGATO RD · FAIRFAX, VA 22033	Consulting	$20,822
JOHN BURDETTE & ASSOCIATES9+ years Service code 10 · EIN 55-0738771 P.O. BOX 418 · BUCKHANNON, WV 26201	Accounting	$16,500

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$19K

$94 / participant

Contract admin$19K100.0%

% of EOY assets

0.200%

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: JOHN BURDETTE AND ASSOCIATES
Auditor EIN: 550738771
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,685

$58,312-33.7%

$86,656-55.4%

$71,529-45.9%

Participation rate

100.0%

65.0%+35.0pp

71.7%+28.3pp

67.9%+32.1pp

Annual return

16.17%

24.08%-7.9pp

593.09%-576.9pp

28.97%-12.8pp

Employer contribution / active EE

$4,080

$2,576+58.4%

$3,025+34.8%

$2,590+57.5%

Participant deferral / active EE

$376

$3,439-89.1%

$4,439-91.5%

$4,291-91.2%

Admin fee / account holder

$77

$1,057-92.7%

$5,619-98.6%

$1,588-95.1%

Provider

Service type

Compensation

NATIONWIDE9+ years

Service code 64

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$61,381

MONEY CONCEPTS CAPITAL CORP5 years

Service code 33

11440 NORTH JOG RD · PALM BEACH GARDENS, FL 33418

Securities brokerage

$34,057

TRITON SERVICES CORPORATION9+ years

Service code 16 · EIN 11-3187413

4114 LEGATO RD · FAIRFAX, VA 22033

Consulting

$20,822

JOHN BURDETTE & ASSOCIATES9+ years

Service code 10 · EIN 55-0738771

P.O. BOX 418 · BUCKHANNON, WV 26201

Accounting

$16,500

MOUNTAINHEART COMMUNITY SERVICES, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOUNTAINHEART COMMUNITY SERVICES, INC. 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