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 (2023) 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 2023

1502 COUNT ROAD 25, SUITE 200 - DIVIDE, CO 80814888-766-7227

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$529K

+44.2% from 2022

Total participants

-80.6% from 2022

Average account balance

$88,133

+501.0% from 2022

Annual return

17.95%

+36.16 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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

$6K

$1401 / participant

Other / not subdivided$6K100.0%

% of EOY assets

1.060%

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

$88,133

$96,691-8.9%

$86,656+1.7%

$139,487-36.8%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

17.95%

106.87%-88.9pp

593.09%-575.1pp

373.84%-355.9pp

Employer contribution / active EE

$7,594

$3,267+132.5%

$3,025+151.0%

$4,755+59.7%

Participant deferral / active EE

$16,500

$4,838+241.1%

$4,439+271.7%

$6,713+145.8%

Admin fee / account holder

$934

$6,414-85.4%

$5,619-83.4%

$11,407-91.8%

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