Retirement plan

DISTRICT 7 HRDC RETIREMENT PLAN

Name: DISTRICT 7 HUMAN RESOURCES DEVELOPMENT COUNCIL, INC. - DISTRICT 7 HRDC RETIREMENT PLAN (2020) 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 2020

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$3.4M

-3.1% from 2019

Total participants

168

+1.2% from 2019

Average account balance

$23,480

-6.4% from 2019

Annual return

12.42%

-5.26 pp from 2019

Benchmarks

See 8,769 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,769 peers

Snapshot2020

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.5 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 15 · EIN 04-1590850	Recordkeeping	$3,622
NYLINK INSURANCE AGENCY INC4 years Service code 99 · EIN 13-3929029	Other Fees	$2,280
JP MORGAN INVESTMENT MANAGEMENT INC5 years Filed as: NYLIFE SECURITIES LLC Service code 99 · EIN 27-0145686	Other Fees	$0
RELIANCE TRUST COMPANY5 years 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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$4K

$39 / participant

Contract admin$4K100.0%

% of EOY assets

0.106%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,480

$60,128-60.9%

$90,440-74.0%

$79,852-70.6%

Participation rate

76.6%

65.0%+11.6pp

72.7%+3.9pp

69.6%+7.0pp

Annual return

12.42%

71.95%-59.5pp

1294.38%-1282.0pp

31.72%-19.3pp

Employer contribution / active EE

$1,225

$2,068-40.8%

$3,263-62.5%

$2,471-50.4%

Participant deferral / active EE

$1,823

$2,939-38.0%

$3,964-54.0%

$3,740-51.3%

Admin fee / account holder

$25

$3,977-99.4%

$5,615-99.6%

$5,306-99.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 15 · EIN 04-1590850

Recordkeeping

$3,622

NYLINK INSURANCE AGENCY INC4 years

Service code 99 · EIN 13-3929029

Other Fees

$2,280

JP MORGAN INVESTMENT MANAGEMENT INC5 years

Filed as: NYLIFE SECURITIES LLC

Service code 99 · EIN 27-0145686

Other Fees

RELIANCE TRUST COMPANY5 years

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