Retirement plan

METHODIST CHILDREN'S HOME EMPLOYEES RETIREMENT PLAN

Name: METHODIST CHILDREN'S HOME - METHODIST CHILDREN'S HOME EMPLOYEES RETIREMENT PLAN (2024) Form 5500
Creator: METHODIST CHILDREN'S HOME
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METHODIST CHILDREN'S HOME EMPLOYEES RETIREMENT PLAN, METHODIST CHILDREN'S HOME

METHODIST CHILDREN'S HOMEEIN 74-1109750Plan #001PY 2024

1111 HERRING AVENUE - WACO, TX 76708254-750-1212mch.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$20.4M

+4.0% from 2023

Total participants

450

+2.3% from 2023

Average account balance

$59,303

+4.9% from 2023

Annual return

11.92%

-3.56 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.40M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

344

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.

70.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$298

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 4 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION5 years Service code 13 · EIN 35-0472300	Contract Administrator	$66,237
WINNOW WEALTH, LLC3 years Service code 26 · EIN 87-2334687	Advisory (Participants)	$40,284
MY BENEFITS, LLC10+ years Filed as: PB&H BENEFITS Service code 13 · EIN 74-1130599	Contract Administrator	$26,830
LEAFHOUSE FINANCIAL ADVISORS, LLC4 years Filed as: LEAFHOUSE FINANCIAL ADVISORS Service code 26 · EIN 26-4311657	Advisory (Participants)	$10,071

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$103K

$282 / participant

Other / not subdivided$103K100.0%

% of EOY assets

0.503%

all-in expense ratio

Categories reported

0 / 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: PATTILLO, BROWN & HILL, LLP
Auditor EIN: 741130599
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,303

$50,919+16.5%

$155,556-61.9%

$77,762-23.7%

Participation rate

70.9%

63.1%+7.8pp

78.2%-7.3pp

70.6%+0.3pp

Annual return

11.92%

34.84%-22.9pp

64.84%-52.9pp

31.27%-19.4pp

Employer contribution / active EE

$2,801

$1,991+40.6%

$4,675-40.1%

$2,728+2.7%

Participant deferral / active EE

$2,274

$2,824-19.5%

$5,631-59.6%

$4,651-51.1%

Admin fee / account holder

$298

$437-31.7%

$15,885-98.1%

$433-31.1%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION5 years

Service code 13 · EIN 35-0472300

Contract Administrator

$66,237

WINNOW WEALTH, LLC3 years

Service code 26 · EIN 87-2334687

Advisory (Participants)

$40,284

MY BENEFITS, LLC10+ years

Filed as: PB&H BENEFITS

Service code 13 · EIN 74-1130599

Contract Administrator

$26,830

LEAFHOUSE FINANCIAL ADVISORS, LLC4 years

Filed as: LEAFHOUSE FINANCIAL ADVISORS

Service code 26 · EIN 26-4311657

Advisory (Participants)

$10,071

METHODIST CHILDREN'S HOME EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METHODIST CHILDREN'S HOME EMPLOYEES 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