Retirement plan

MOUNTAINHEART COMMUNITY SERVICES, INC. PROFIT SHARING PLAN

Name: MOUNTAINHEART COMMUNITY SERVICES, INC. - MOUNTAINHEART COMMUNITY SERVICES, INC. PROFIT SHARING PLAN (2024) 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 2024

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)

$11.3M

+16.8% from 2023

Total participants

270

+7.6% from 2023

Average account balance

$42,150

+9.0% from 2023

Annual return

11.71%

-4.45 pp from 2023

Benchmarks

See 2,053 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,053 peers

Snapshot2024

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
MONEY CONCEPTS CAPITAL CORP6 years Service code 33 11440 NORTH JOG RD · PALM BEACH GARDENS, FL 33418	Securities brokerage	$40,353
NATIONWIDE10+ years Service code 64 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$34,562
TRITON SERVICES CORPORATION10+ years Service code 16 · EIN 11-3187413 4114 LEGATO RD · FAIRFAX, VA 22033	Consulting	$16,413
JOHN BURDETTE & ASSOCIATES10+ years Service code 10 · EIN 55-0738771 P.O. BOX 418 · BUCKHANNON, WV 26201	Accounting	$9,000

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

$7K

$32 / participant

Contract admin$7K100.0%

% of EOY assets

0.060%

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

$42,150

$60,454-30.3%

$81,844-48.5%

$74,459-43.4%

Participation rate

99.5%

63.0%+36.6pp

72.4%+27.1pp

67.2%+32.3pp

Annual return

11.71%

16.87%-5.2pp

778.87%-767.2pp

1369.70%-1358.0pp

Employer contribution / active EE

$3,985

$2,630+51.5%

$2,916+36.6%

$2,626+51.8%

Participant deferral / active EE

$409

$3,398-88.0%

$4,323-90.5%

$4,350-90.6%

Admin fee / account holder

$25

$1,490-98.3%

$7,355-99.7%

$1,945-98.7%

Provider

Service type

Compensation

MONEY CONCEPTS CAPITAL CORP6 years

Service code 33

11440 NORTH JOG RD · PALM BEACH GARDENS, FL 33418

Securities brokerage

$40,353

NATIONWIDE10+ years

Service code 64

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$34,562

TRITON SERVICES CORPORATION10+ years

Service code 16 · EIN 11-3187413

4114 LEGATO RD · FAIRFAX, VA 22033

Consulting

$16,413

JOHN BURDETTE & ASSOCIATES10+ years

Service code 10 · EIN 55-0738771

P.O. BOX 418 · BUCKHANNON, WV 26201

Accounting

$9,000

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