Retirement plan

HILLCREST EDUCATIONAL FOUNDATION, INC. 403(B) PLAN

Name: HILLCREST EDUCATIONAL FOUNDATION, INC. - HILLCREST EDUCATIONAL FOUNDATION, INC. 403(B) PLAN (2016) Form 5500
Creator: HILLCREST EDUCATIONAL FOUNDATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HILLCREST EDUCATIONAL FOUNDATION, INC. 403(B) PLAN, HILLCREST EDUCATIONAL FOUNDATION, INC.

HILLCREST EDUCATIONAL FOUNDATION, INC.EIN 80-0545676Plan #002PY 2016

788 SOUTH STREET - PITTSFIELD, MA 01202413-499-7924LinkedIn1-10 employeesinternet

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$11.4M

+4.6% from 2015

Total participants

744

+3.8% from 2015

Average account balance

$24,643

-7.1% from 2015

Annual return

5.68%

+5.44 pp from 2015

Benchmarks

See 936 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort936 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.12M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

701

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$39,589
COMMONWEALTH FINANCIAL NETWORK2+ years Service code 49 · EIN 04-2675571	Other Services	$24,578
THE ANGELL PENSION GROUP, INC.2+ years Filed as: THE ANGELL PENSION GROUP INC Service code 49	Other Services	$11,844
THE ANGELL PENSION GROUP, INC.2+ years Filed as: THE ANGELL PENSION GROUP Service code 49 · EIN 04-2530412	Other Services	$0

Plan features & details

Pension benefit codes2A2E2F2G2K2L2M2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$40K

$63 / participant

Contract admin$40K100.0%

% of EOY assets

0.346%

all-in expense ratio

Categories reported

1 / 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: LOMBARDI, CLAIRMONT & KEEGAN
Auditor EIN: 042511474
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,643

$68,408-64.0%

$57,196-56.9%

$57,658-57.3%

Participation rate

55.6%

79.1%-23.5pp

75.3%-19.7pp

70.2%-14.6pp

Annual return

5.68%

8.51%-2.8pp

14.59%-8.9pp

5.13%+0.5pp

Employer contribution / active EE

$440

$2,869-84.7%

$2,683-83.6%

$1,974-77.7%

Participant deferral / active EE

$919

$2,903-68.3%

$3,096-70.3%

$3,061-70.0%

Admin fee / account holder

$85

$70+22.6%

$3,141-97.3%

$95-9.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$39,589

COMMONWEALTH FINANCIAL NETWORK2+ years

Service code 49 · EIN 04-2675571

Other Services

$24,578

THE ANGELL PENSION GROUP, INC.2+ years

Filed as: THE ANGELL PENSION GROUP INC

Service code 49

Other Services

$11,844

THE ANGELL PENSION GROUP, INC.2+ years

Filed as: THE ANGELL PENSION GROUP

Service code 49 · EIN 04-2530412

Other Services

HILLCREST EDUCATIONAL FOUNDATION, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HILLCREST EDUCATIONAL FOUNDATION, INC. 403(B) 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