Retirement plan

DEERFIELD EPISCOPAL RETIREMENT COMM. INC. 403(B) P

Name: DEERFIELD EPISCOPAL RETIREMENT COMMUNITY, INC. - DEERFIELD EPISCOPAL RETIREMENT COMM. INC. 403(B) P (2023) Form 5500
Creator: DEERFIELD EPISCOPAL RETIREMENT COMMUNITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEERFIELD EPISCOPAL RETIREMENT COMM. INC. 403(B) P, DEERFIELD EPISCOPAL RETIREMENT COMMUNITY, INC.

DEERFIELD EPISCOPAL RETIREMENT COMMUNITY, INC.EIN 56-0614176Plan #002PY 2023

1617 HENDERSONVILLE ROAD - ASHEVILLE, NC 28803828-274-1531LinkedIn201-500 employeeshealth, wellness and fitness

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$6.7M

+18.8% from 2022

Total participants

377

+16.0% from 2022

Average account balance

$42,485

+19.6% from 2022

Annual return

10.92%

+27.88 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.47M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

273

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.

59.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$793K

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

+24.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$175

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$38,318
MASSACHUSETTS MUTUAL LIFE INS. CO.7 years Filed as: MML INVESTORS SERVICES INC Service code 55	Other Commissions	$15,359
EPIC RETIREMENT PLAN SERVICES4 years Filed as: RETIREMENT PLAN SOLUTIONS, INC Service code 13 · EIN 56-1762637 PO BOX 1658 · CARY, NC 27512	Contract Administrator	$3,174
EPIC RETIREMENT PLAN SERVICES3 years Filed as: RETIREMENT PLAN SOLUTIONS, INC. Service code 13	Contract Administrator	$3,101
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MML INVESTORS SERVICES, INC Service code 53 · EIN 04-2746212	Insurance Commissions	$0

Plan features & details

Pension benefit codes2L2T3D2F2G2A

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).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

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

$40K

$112 / participant

Contract admin$40K100.0%

% of EOY assets

0.589%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,485

$47,163-9.9%

$149,696-71.6%

$74,460-42.9%

Participation rate

38.1%

63.4%-25.3pp

78.8%-40.6pp

70.7%-32.6pp

Annual return

10.92%

22.75%-11.8pp

134.46%-123.5pp

34.38%-23.5pp

Employer contribution / active EE

$499

$1,907-73.8%

$4,821-89.6%

$2,638-81.1%

Participant deferral / active EE

$1,589

$2,730-41.8%

$5,682-72.0%

$4,530-64.9%

Admin fee / account holder

$250

$343-27.0%

$13,212-98.1%

$348-28.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$38,318

MASSACHUSETTS MUTUAL LIFE INS. CO.7 years

Filed as: MML INVESTORS SERVICES INC

Service code 55

Other Commissions

$15,359

EPIC RETIREMENT PLAN SERVICES4 years

Filed as: RETIREMENT PLAN SOLUTIONS, INC

Service code 13 · EIN 56-1762637

PO BOX 1658 · CARY, NC 27512

Contract Administrator

$3,174

EPIC RETIREMENT PLAN SERVICES3 years

Filed as: RETIREMENT PLAN SOLUTIONS, INC.

Service code 13

Contract Administrator

$3,101

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MML INVESTORS SERVICES, INC

Service code 53 · EIN 04-2746212

Insurance Commissions

DEERFIELD EPISCOPAL RETIREMENT COMM. INC. 403(B) P

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEERFIELD EPISCOPAL RETIREMENT COMM. INC. 403(B) P

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