Retirement plan

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

Name: SONSCAPE RE-CREATION MINISTRIES. IN . - SONSCAPE RE-CREATION MINISTRIES, INC. 403(B) RETIREMENT PLAN (2021) Form 5500
Creator: SONSCAPE RE-CREATION MINISTRIES. IN .
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. IN .

SONSCAPE RE-CREATION MINISTRIES. IN .EIN 74-2372030Plan #002PY 2021

1502 COUNT ROAD 25 - DIVIDE, CO 80814888-766-7227

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$369K

+39.4% from 2020

Total participants

+50.0% from 2020

Average account balance

$61,536

-7.0% from 2020

Annual return

15.29%

+15.29 pp from 2020

Benchmarks

See 37,642 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,642 peers

Snapshot2021

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$1063 / participant

Other / not subdivided$4K100.0%

% of EOY assets

1.152%

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

$61,536

$109,863-44.0%

$98,477-37.5%

$167,518-63.3%

Participation rate

100.0%

75.8%+24.2pp

73.3%+26.7pp

82.1%+17.9pp

Annual return

15.29%

1958.09%-1942.8pp

1493.59%-1478.3pp

478.71%-463.4pp

Employer contribution / active EE

$4,984

$3,225+54.5%

$2,961+68.3%

$4,838+3.0%

Participant deferral / active EE

$11,000

$4,673+135.4%

$4,276+157.2%

$6,342+73.4%

Admin fee / account holder

$709

$6,755-89.5%

$5,951-88.1%

$12,312-94.2%

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