Retirement plan

WESTMINSTER PRESBYTERIAN CENTER, INC. RETIREMENT PLAN

Name: WESTMINSTER PRESBYTERIAN CENTER, IN DBA WESTMINSTER TOWERS RETIREMENT - WESTMINSTER PRESBYTERIAN CENTER, INC. RETIREMENT PLAN (2019) Form 5500
Creator: WESTMINSTER PRESBYTERIAN CENTER, IN DBA WESTMINSTER TOWERS RETIREMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTMINSTER PRESBYTERIAN CENTER, INC. RETIREMENT PLAN, WESTMINSTER PRESBYTERIAN CENTER, IN DBA WESTMINSTER TOWERS RETIREMENT

WESTMINSTER PRESBYTERIAN CENTER, IN DBA WESTMINSTER TOWERS RETIREMENTEIN 57-0699090Plan #001PY 2019

1330 INDIA HOOK ROAD - CITY ROCK HILL, SC 29732803-328-5019

Prospect flagsLow participationLow employer contributionLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+5.8% from 2018

Total participants

209

-34.3% from 2018

Average account balance

$20,647

+1.5% from 2018

Annual return

19.15%

+21.99 pp from 2018

Benchmarks

See 1,705 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,705 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.09M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$312K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3846

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

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP1 year Filed as: USI SECURITIES INC Service code 53 · EIN 06-1493970	Insurance Commissions	$9,992
AB FUNDS1 year Service code 52 · EIN 13-6021421	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-2884967	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 49 · EIN 04-1590850	Other Services	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS.CO. Service code 49	Other Services	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
PGIM INVESTMENTS1 year Service code 52 · EIN 13-2974999	Indirect Investment Fees	$0
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE Service code 52 · EIN 52-1805594	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2F2G2K2M2T

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$1K

$6 / participant

Investment mgmt$1K100.0%

% of EOY assets

0.117%

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: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,647

$51,620-60.0%

$90,304-77.1%

$65,185-68.3%

Participation rate

23.1%

68.6%-45.6pp

73.3%-50.2pp

70.2%-47.1pp

Annual return

19.15%

24.94%-5.8pp

78.13%-59.0pp

29.38%-10.2pp

Employer contribution / active EE

$42

$2,235-98.1%

$2,855-98.5%

$2,177-98.1%

Participant deferral / active EE

$438

$2,871-84.8%

$3,885-88.7%

$3,514-87.5%

Admin fee / account holder

$24

$384-93.7%

$5,354-99.6%

$847-97.2%

Provider

Service type

Compensation

USI CONSULTING GROUP1 year

Filed as: USI SECURITIES INC

Service code 53 · EIN 06-1493970

Insurance Commissions

$9,992

AB FUNDS1 year

Service code 52 · EIN 13-6021421

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-2884967

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 27 · EIN 61-1732930

Advisory (Plan)

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 49 · EIN 04-1590850

Other Services

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS.CO.

Service code 49

Other Services

MFS INVESTMENT MANAGEMENT1 year

Service code 52 · EIN 04-3158862

Indirect Investment Fees

PGIM INVESTMENTS1 year

Service code 52 · EIN 13-2974999

Indirect Investment Fees

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-1805594

Indirect Investment Fees

WESTMINSTER PRESBYTERIAN CENTER, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTMINSTER PRESBYTERIAN CENTER, INC. RETIREMENT 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