Retirement plan

SONSCAPE RE-CREATION MINISTRIES, INC. 403(B) RETIREMENT PLAN

Name: SONSCAPE RE-CREATION MINISTRIES, INC. 403(B) RETIREMENT PLAN - SONSCAPE RE-CREATION MINISTRIES, INC. 403(B) RETIREMENT PLAN (2020) Form 5500
Creator: SONSCAPE RE-CREATION MINISTRIES, INC. 403(B) RETIREMENT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SONSCAPE RE-CREATION MINISTRIES, INC. 403(B) RETIREMENT PLAN, SONSCAPE RE-CREATION MINISTRIES, INC. 403(B) RETIREMENT PLAN

SONSCAPE RE-CREATION MINISTRIES, INC. 403(B) RETIREMENT PLANEIN 74-2372030Plan #002PY 2020

PO BOX 700 - DIVISDE, CO 80814888-766-7227

Other plans on this EIN

1 filing

#001Retirement--

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$265K

No prior year

Total participants

No prior year

Average account balance

$66,197

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$870K

Not enough data

1 years with asset history on file

Average account balance

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

$174K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$76K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+13.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1692

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2M2T

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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$171K

$42785 / participant

Other / not subdivided$171K100.0%

% of EOY assets

64.633%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,197

$100,938-34.4%

$90,461-26.8%

$158,982-58.4%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

0.00%

1727.20%-1727.2pp

1294.76%-1294.8pp

302.99%-303.0pp

Employer contribution / active EE

$5,955

$3,691+61.3%

$3,264+82.4%

$4,763+25.0%

Participant deferral / active EE

$9,625

$4,350+121.3%

$3,964+142.8%

$5,983+60.9%

Admin fee / account holder

$42,785

$6,510+557.2%

$5,617+661.8%

$11,252+280.3%

SONSCAPE RE-CREATION MINISTRIES, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SONSCAPE RE-CREATION MINISTRIES, INC. 403(B) 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