Retirement plan

SOUTHWEST NETWORK 403(B) RETIREMENT PLAN

Name: SOUTHWEST NETWORK, INC. - SOUTHWEST NETWORK 403(B) RETIREMENT PLAN (2018) Form 5500
Creator: SOUTHWEST NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHWEST NETWORK 403(B) RETIREMENT PLAN, SOUTHWEST NETWORK, INC.

SOUTHWEST NETWORK, INC.EIN 86-0966400Plan #001PY 2018

2700 NORTH CENTRAL AVENUE, STE 1050 - PHOENIX, AZ 85004602-266-8402southwestnetwork.orgLinkedIn201-500 employeesmental health care

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$7M

+8.3% from 2017

Total participants

633

-31.4% from 2017

Average account balance

$27,598

+15.6% from 2017

Annual return

9.34%

-4.56 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.34M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

223

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.

38.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.16M

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

+17.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$313

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 15 · EIN 31-4156830	Recordkeeping	$37,492
CBIZ RETIREMENT PLAN SERVICES3+ years Filed as: CBIZ FINANCIAL SOLUTIONS INC Service code 26 PO BOX 643792 · CINCINNATI, CO 521396995	Advisory (Participants)	$25,241
CBIZ RETIREMENT PLAN SERVICES3+ years Filed as: CBIZ BENEFITS & INSURANCE SERVICES Service code 16 · EIN 31-1582098	Consulting	$3,720

Plan features & details

Pension benefit codes2E2F2G2K2M2T

Plan features

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$67K

$122 / participant

Investment mgmt$25K37.8%
Other / not subdivided$42K62.2%

% of EOY assets

0.952%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,598

$37,196-25.8%

$154,108-82.1%

$55,725-50.5%

Participation rate

31.0%

64.1%-33.1pp

83.0%-52.1pp

70.9%-39.9pp

Annual return

9.34%

1319.68%-1310.3pp

735.21%-725.9pp

244.93%-235.6pp

Employer contribution / active EE

$486

$1,614-69.9%

$5,298-90.8%

$2,078-76.6%

Participant deferral / active EE

$1,603

$2,068-22.5%

$5,081-68.4%

$3,356-52.2%

Admin fee / account holder

$263

$102+158.7%

$13,411-98.0%

$115+128.2%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$37,492

CBIZ RETIREMENT PLAN SERVICES3+ years

Filed as: CBIZ FINANCIAL SOLUTIONS INC

Service code 26

PO BOX 643792 · CINCINNATI, CO 521396995

Advisory (Participants)

$25,241

CBIZ RETIREMENT PLAN SERVICES3+ years

Filed as: CBIZ BENEFITS & INSURANCE SERVICES

Service code 16 · EIN 31-1582098

Consulting

$3,720

SOUTHWEST NETWORK 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHWEST NETWORK 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