Retirement plan

DISTRICT 7 HRDC RETIREMENT PLAN

Name: DISTRICT 7 HUMAN RESOURCES DEVELOPMENT COUNCIL, INC. - DISTRICT 7 HRDC RETIREMENT PLAN (2016) Form 5500
Creator: DISTRICT 7 HUMAN RESOURCES DEVELOPMENT COUNCIL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DISTRICT 7 HRDC RETIREMENT PLAN, DISTRICT 7 HUMAN RESOURCES DEVELOPMENT COUNCIL, INC.

DISTRICT 7 HUMAN RESOURCES DEVELOPMENT COUNCIL, INC.EIN 81-0300207Plan #001PY 2016

7 N 31ST - BILLINGS, MT 591032114406-247-4762hrdc7.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$2.7M

+7.4% from 2015

Total participants

173

+11.6% from 2015

Average account balance

$19,938

+5.8% from 2015

Annual return

9.26%

+9.70 pp from 2015

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.05M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

113

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$295K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 15 · EIN 04-1590850	Recordkeeping	$2,797
MORNINGSTAR1 year Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381	Other Services	$0
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: NYLIFE SECURITIES LLC Service code 99 · EIN 27-0145686	Other Fees	$0
RELIANCE TRUST COMPANY1 year Service code 19 · EIN 58-1428634	Securities Custodian	$0

Plan features & details

Pension benefit codes2L2F2G2K

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.
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.

Opportunity flags

1 tripped

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

$3K

$19 / participant

Investment mgmt$3K100.0%

% of EOY assets

0.115%

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: WIPFLI, LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,938

$43,423-54.1%

$78,676-74.7%

$55,167-63.9%

Participation rate

75.3%

68.0%+7.3pp

73.6%+1.7pp

69.0%+6.3pp

Annual return

9.26%

11.53%-2.3pp

62.19%-52.9pp

169.23%-160.0pp

Employer contribution / active EE

$585

$1,997-70.7%

$2,850-79.5%

$1,963-70.2%

Participant deferral / active EE

$893

$2,509-64.4%

$3,517-74.6%

$3,054-70.8%

Admin fee / account holder

$23

$416-94.5%

$4,510-99.5%

$504-95.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 15 · EIN 04-1590850

Recordkeeping

$2,797

MORNINGSTAR1 year

Filed as: MORNINGSTAR ASSOCIATES, LLC

Service code 49 · EIN 36-4317381

Other Services

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: NYLIFE SECURITIES LLC

Service code 99 · EIN 27-0145686

Other Fees

RELIANCE TRUST COMPANY1 year

Service code 19 · EIN 58-1428634

Securities Custodian

DISTRICT 7 HRDC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DISTRICT 7 HRDC 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