Retirement plan

TURN COMMUNITY SERVICES 401(K) PLAN

Name: TURN COMMUNITY SERVICES - TURN COMMUNITY SERVICES 401(K) PLAN (2019) Form 5500
Creator: TURN COMMUNITY SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TURN COMMUNITY SERVICES 401(K) PLAN, TURN COMMUNITY SERVICES

TURN COMMUNITY SERVICESEIN 87-0303448Plan #003PY 2019

423 WEST 800 SOUTH, SUITE A200 - SALT LAKE CITY, UT 84101801-359-8876LinkedIn1-10 employeesmedical practice

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$6.2M

+31.4% from 2018

Total participants

376

+4.4% from 2018

Average account balance

$21,559

+11.6% from 2018

Annual return

20.10%

+27.27 pp from 2018

Benchmarks

See 873 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort873 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.52M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

187

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.

52.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$645K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044 4333 EDGEWOOD ROAD NE · CEDAR RAPIDS, IA 52499	Recordkeeping	$5,103
RESPONSIBLE ASSET MANAGEMENT LLC1 year Service code 27 · EIN 02-0793956 2595 EAST 3300 SOUTH · SALT LAKE CITY, UT 84109	Advisory (Plan)	$3,030
UNITED OF OMAHA5+ years Service code 15 · EIN 47-0322111 MUTUAL OF OMAHA PLAZA · OMAHA, NE 68175	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.
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.

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

$9K

$29 / participant

Investment mgmt$9K99.7%
Other / not subdivided$300.3%

% of EOY assets

0.143%

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: VALENTINE CPA, A PROFESSIONAL CORP
Auditor EIN: 841384179
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,559

$54,237-60.2%

$90,304-76.1%

$67,579-68.1%

Participation rate

71.0%

68.6%+2.4pp

73.3%-2.3pp

71.3%-0.3pp

Annual return

20.10%

37.27%-17.2pp

78.13%-58.0pp

378.56%-358.5pp

Employer contribution / active EE

$539

$1,846-70.8%

$2,855-81.1%

$2,148-74.9%

Participant deferral / active EE

$1,403

$2,625-46.5%

$3,885-63.9%

$3,539-60.3%

Admin fee / account holder

$31

$123-74.9%

$5,354-99.4%

$142-78.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

4333 EDGEWOOD ROAD NE · CEDAR RAPIDS, IA 52499

Recordkeeping

$5,103

RESPONSIBLE ASSET MANAGEMENT LLC1 year

Service code 27 · EIN 02-0793956

2595 EAST 3300 SOUTH · SALT LAKE CITY, UT 84109

Advisory (Plan)

$3,030

UNITED OF OMAHA5+ years

Service code 15 · EIN 47-0322111

MUTUAL OF OMAHA PLAZA · OMAHA, NE 68175

Recordkeeping

TURN COMMUNITY SERVICES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TURN COMMUNITY SERVICES 401(K) 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