Retirement plan

THE VILLAGE AT INCARNATE WORD 403(B) PLAN

Name: INCARNATE WORD RETIREMENT COMMUNITY, INC. - THE VILLAGE AT INCARNATE WORD 403(B) PLAN (2023) Form 5500
Creator: INCARNATE WORD RETIREMENT COMMUNITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE VILLAGE AT INCARNATE WORD 403(B) PLAN, INCARNATE WORD RETIREMENT COMMUNITY, INC.

INCARNATE WORD RETIREMENT COMMUNITY, INC.dba THE VILLAGE AT INCARNATE WORDEIN 74-1109717Plan #002PY 2023

4707 BROADWAY ST - SAN ANTONIO, TX 78209210-829-7561LinkedIn201-500 employeeshospital & health care

Prospect flagsLow returnsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$4.9M

+9.2% from 2022

Total participants

370

-6.6% from 2022

Average account balance

$13,794

+15.7% from 2022

Annual return

11.90%

+23.89 pp from 2022

Benchmarks

See 1,011 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,011 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.77M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

440

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$718K

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

+8.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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
STANCORP FINANCIAL GROUP4 years Service code 12 · EIN 93-1253576	Custodial (other than securities); Di...	$35,971
SWBC INVESTMENT ADVISORY SERVICES4 years Filed as: SWBC INVESTMENT SERVICES, LLC Service code 27 · EIN 20-1484586	Advisory (Plan)	$16,388
CLIFTONLARSONALLEN LLP3 years Service code 10 · EIN 41-0746749	Accounting	$10,000
PENSIONMARK FINANCIAL GROUP LLC1 year Filed as: PENSIONMARK FINANCIAL GROUP, LLC. Service code 27 · EIN 61-1758632	Advisory (Plan)	$1,525
RELIANCE TRUST COMPANY3 years Service code 19 · EIN 58-1428634	Securities Custodian	$1,408

Plan features & details

Pension benefit codes2E2F2G2K2S2T3D

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.
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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$64K

$245 / participant

Investment mgmt$18K28.0%
Contract admin$36K56.4%
Other / not subdivided$10K15.6%

% of EOY assets

1.313%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $10,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,794

$52,188-73.6%

$86,656-84.1%

$74,473-81.5%

Participation rate

93.5%

66.3%+27.2pp

71.7%+21.8pp

70.7%+22.7pp

Annual return

11.90%

44.46%-32.6pp

593.09%-581.2pp

34.36%-22.5pp

Employer contribution / active EE

$312

$2,282-86.3%

$3,025-89.7%

$2,638-88.2%

Participant deferral / active EE

$2,019

$3,383-40.3%

$4,439-54.5%

$4,530-55.4%

Admin fee / account holder

$181

$319-43.1%

$5,619-96.8%

$347-47.8%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP4 years

Service code 12 · EIN 93-1253576

Custodial (other than securities); Di...

$35,971

SWBC INVESTMENT ADVISORY SERVICES4 years

Filed as: SWBC INVESTMENT SERVICES, LLC

Service code 27 · EIN 20-1484586

Advisory (Plan)

$16,388

CLIFTONLARSONALLEN LLP3 years

Service code 10 · EIN 41-0746749

Accounting

$10,000

PENSIONMARK FINANCIAL GROUP LLC1 year

Filed as: PENSIONMARK FINANCIAL GROUP, LLC.

Service code 27 · EIN 61-1758632

Advisory (Plan)

$1,525

RELIANCE TRUST COMPANY3 years

Service code 19 · EIN 58-1428634

Securities Custodian

$1,408

THE VILLAGE AT INCARNATE WORD 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE VILLAGE AT INCARNATE WORD 403(B) 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