Retirement plan

HOT SPRINGS VILLAGE PROPERTY OWNERS' ASSOCIATION 401(K) PLAN

Name: HOT SPRINGS VILLAGE PROPERTY OWNERS' ASSOCIATION - HOT SPRINGS VILLAGE PROPERTY OWNERS' ASSOCIATION 401(K) PLAN (2023) Form 5500
Creator: HOT SPRINGS VILLAGE PROPERTY OWNERS' ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOT SPRINGS VILLAGE PROPERTY OWNERS' ASSOCIATION 401(K) PLAN, HOT SPRINGS VILLAGE PROPERTY OWNERS' ASSOCIATION

HOT SPRINGS VILLAGE PROPERTY OWNERS' ASSOCIATIONEIN 71-0415652Plan #002PY 2023

895 DESOTO BLVD - HOT SPRINGS VILLAGE, AR 71909501-922-5570

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$9.5M

+15.3% from 2022

Total participants

330

+36.9% from 2022

Average account balance

$43,654

+3.1% from 2022

Annual return

13.37%

+27.42 pp from 2022

Benchmarks

See 657 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort657 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.34M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

255

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.

85.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$728K

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

+8.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$214

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 2 by compensation

Provider	Service type	Compensation
MINNESOTA LIFE INSURANCE COMPANY6 years Service code 13 · EIN 41-0417830	Contract Administrator	$31,403
PRIME CAPITAL INVESTMENT ADVISORS1 year Filed as: PRIME CAPITAL INVESTMENT ADVIS Service code 17 6201 COLLEGE BLVD · OVERLAND PARK, KS 66211	Pension Consulting	$25,775

Plan features & details

Pension benefit codes2E2F2H2J2T3D2S

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$31K

$108 / participant

Contract admin$31K100.0%

% of EOY assets

0.330%

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: EGP, PLLC
Auditor EIN: 710519090
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,654

$56,638-22.9%

$169,397-74.2%

$74,473-41.4%

Participation rate

61.6%

67.5%-5.9pp

77.2%-15.5pp

70.7%-9.1pp

Annual return

13.37%

24.75%-11.4pp

406.23%-392.9pp

34.36%-21.0pp

Employer contribution / active EE

$898

$2,027-55.7%

$4,013-77.6%

$2,638-66.0%

Participant deferral / active EE

$1,659

$4,223-60.7%

$6,223-73.3%

$4,530-63.4%

Admin fee / account holder

$144

$307-53.0%

$9,017-98.4%

$347-58.5%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY6 years

Service code 13 · EIN 41-0417830

Contract Administrator

$31,403

PRIME CAPITAL INVESTMENT ADVISORS1 year

Filed as: PRIME CAPITAL INVESTMENT ADVIS

Service code 17

6201 COLLEGE BLVD · OVERLAND PARK, KS 66211

Pension Consulting

$25,775

HOT SPRINGS VILLAGE PROPERTY OWNERS' ASSOCIATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOT SPRINGS VILLAGE PROPERTY OWNERS' ASSOCIATION 401(K) 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