Retirement plan

WESTMINSTER PRESBYTERIAN CENTER, INC. RETIREMENT PLAN

Name: WESTMINSTER PRESBYTERIAN CENTER, IN DBA WESTMINSTER TOWERS RETIREMENT - WESTMINSTER PRESBYTERIAN CENTER, INC. RETIREMENT PLAN (2020) 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 2020

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

Prospect flagsLow participationLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$1.5M

+45.1% from 2019

Total participants

241

+15.3% from 2019

Average account balance

$14,824

-28.2% from 2019

Annual return

22.76%

+3.61 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$10,921
USI CONSULTING GROUP1 year Service code 13 · EIN 06-1053228	Contract Administrator	$5,290
USI CONSULTING GROUP2 years Filed as: USI SECURITIES INC Service code 53 · EIN 06-1493970	Insurance Commissions	$2,575

Plan features & details

Pension benefit codes2F2G2K2M2T3D

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.
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$11K

$54 / participant

Investment mgmt$11K100.0%

% of EOY assets

0.744%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,824

$66,124-77.6%

$90,440-83.6%

$73,493-79.8%

Participation rate

30.0%

69.7%-39.6pp

72.7%-42.6pp

70.7%-40.6pp

Annual return

22.76%

17.65%+5.1pp

1294.38%-1271.6pp

28.51%-5.8pp

Employer contribution / active EE

$373

$2,346-84.1%

$3,263-88.6%

$2,270-83.6%

Participant deferral / active EE

$885

$3,039-70.9%

$3,964-77.7%

$3,740-76.3%

Admin fee / account holder

$110

$396-72.2%

$5,615-98.0%

$513-78.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$10,921

USI CONSULTING GROUP1 year

Service code 13 · EIN 06-1053228

Contract Administrator

$5,290

USI CONSULTING GROUP2 years

Filed as: USI SECURITIES INC

Service code 53 · EIN 06-1493970

Insurance Commissions

$2,575

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