Retirement plan

METHODIST RETIREMENT COMMUNITIES & ITS AFFILIATED ORGS ASSOC 401K PLAN

Name: METHODIST RETIREMENT COMMUNITIES - METHODIST RETIREMENT COMMUNITIES & ITS AFFILIATED ORGS ASSOC 401K PLAN (2020) Form 5500
Creator: METHODIST RETIREMENT COMMUNITIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METHODIST RETIREMENT COMMUNITIES & ITS AFFILIATED ORGS ASSOC 401K PLAN, METHODIST RETIREMENT COMMUNITIES

METHODIST RETIREMENT COMMUNITIESEIN 74-1403088Plan #001PY 2020

1440 LAKE FRONT CIRCLE SUITE 140 - THE WOODLANDS, TX 77380281-363-2600mrcaff.orgLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$8M

+24.0% from 2019

Total participants

655

+6.5% from 2019

Average account balance

$19,447

+3.8% from 2019

Annual return

14.81%

-3.11 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.09M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

516

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.

45.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+18.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$203

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
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346	Recordkeeping	$37,303
GREENLEAF TRUST2 years Filed as: GREENLEAF ADVISORS, LLC Service code 26 · EIN 47-1303673	Advisory (Participants)	$21,455
COMPENSATION STRATEGIES GROUP, LTD.3 years Service code 17 · EIN 76-0188119	Pension Consulting	$6,376
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS Service code 26 · EIN 43-1451524	Advisory (Participants)	$5,084

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$70K

$125 / participant

Investment mgmt$37K53.1%
Contract admin$27K37.8%
Other / not subdivided$6K9.1%

% of EOY assets

0.874%

all-in expense ratio

Categories reported

2 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,447

$52,293-62.8%

$178,499-89.1%

$73,412-73.5%

Participation rate

57.1%

65.3%-8.2pp

81.9%-24.8pp

72.2%-15.1pp

Annual return

14.81%

34.75%-19.9pp

151.10%-136.3pp

59.30%-44.5pp

Employer contribution / active EE

$533

$1,735-69.3%

$5,011-89.4%

$2,234-76.2%

Participant deferral / active EE

$1,241

$2,332-46.8%

$5,202-76.1%

$3,806-67.4%

Admin fee / account holder

$170

$127+33.5%

$13,986-98.8%

$158+7.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO USA

Service code 15 · EIN 01-0233346

Recordkeeping

$37,303

GREENLEAF TRUST2 years

Filed as: GREENLEAF ADVISORS, LLC

Service code 26 · EIN 47-1303673

Advisory (Participants)

$21,455

COMPENSATION STRATEGIES GROUP, LTD.3 years

Service code 17 · EIN 76-0188119

Pension Consulting

$6,376

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS

Service code 26 · EIN 43-1451524

Advisory (Participants)

$5,084

METHODIST RETIREMENT COMMUNITIES & ITS AFFILIATED ORGS ASSOC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METHODIST RETIREMENT COMMUNITIES & ITS AFFILIATED ORGS ASSOC 401K 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