Retirement plan

SOUND MENTAL HEALTH EMPLOYEES RETIREMENT PLAN

Name: SOUND MENTAL HEALTH - SOUND MENTAL HEALTH EMPLOYEES RETIREMENT PLAN (2016) Form 5500
Creator: SOUND MENTAL HEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUND MENTAL HEALTH EMPLOYEES RETIREMENT PLAN, SOUND MENTAL HEALTH

SOUND MENTAL HEALTHEIN 91-0818971Plan #001PY 2016

1600 EAST OLIVE STREET - SEATTLE, WA 98122206-302-2200sound.healthLinkedIn201-500 employeesmental health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$22.2M

+6.6% from 2015

Total participants

799

+7.4% from 2015

Average account balance

$27,784

-7.4% from 2015

Annual return

7.02%

+1.74 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.54M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

1,173

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

$3.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+8.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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
BENEFIT ADMINISTRATION, INC.2+ years Filed as: BENEFIT ADMINISTRATION CO. Service code 13 · EIN 91-1999591	Contract Administrator	$21,704
BAC CAPITAL ADVISORS, LLC2+ years Filed as: BAC CAPITAL ADVISORS Service code 26 · EIN 91-1999591	Advisory (Participants)	$14,363
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY Service code 17 601 UNION ST.SUITE 5200 · SEATTLE, WA 98101	Pension Consulting	$6,000

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$59K

$110 / participant

Investment mgmt$37K63.3%
Other / not subdivided$22K36.7%

% of EOY assets

0.266%

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: CLARK NUBER P.S.
Auditor EIN: 911194016
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,784

$36,916-24.7%

$156,551-82.3%

$57,658-51.8%

Participation rate

100.0%

63.4%+36.6pp

84.0%+16.0pp

70.2%+29.8pp

Annual return

7.02%

12.38%-5.4pp

32.23%-25.2pp

5.13%+1.9pp

Employer contribution / active EE

$1,587

$1,571+1.0%

$5,501-71.2%

$1,974-19.6%

Participant deferral / active EE

$2,603

$1,926+35.2%

$4,871-46.6%

$3,061-15.0%

Admin fee / account holder

$74

$82-10.3%

$13,028-99.4%

$95-21.8%

Provider

Service type

Compensation

BENEFIT ADMINISTRATION, INC.2+ years

Filed as: BENEFIT ADMINISTRATION CO.

Service code 13 · EIN 91-1999591

Contract Administrator

$21,704

BAC CAPITAL ADVISORS, LLC2+ years

Filed as: BAC CAPITAL ADVISORS

Service code 26 · EIN 91-1999591

Advisory (Participants)

$14,363

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY

Service code 17

601 UNION ST.SUITE 5200 · SEATTLE, WA 98101

Pension Consulting

$6,000

SOUND MENTAL HEALTH EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUND MENTAL HEALTH EMPLOYEES 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