Retirement plan

SOUND EMPLOYEES RETIREMENT PLAN

Name: SOUND - SOUND EMPLOYEES RETIREMENT PLAN (2020) Form 5500
Creator: SOUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUND EMPLOYEES RETIREMENT PLAN, SOUND

SOUNDEIN 91-0818971Plan #001PY 2020

6400 SOUTHCENTER BLVD - TUKWILA, WA 98188206-302-2200sound.healthLinkedIn201-500 employeesmental health care

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$35.5M

+23.5% from 2019

Total participants

1,121

+6.8% from 2019

Average account balance

$31,650

+15.7% from 2019

Annual return

14.76%

-10.65 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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 1 by compensation

Provider	Service type	Compensation
BENEFIT ADMINISTRATION, INC.6+ years Filed as: BENEFIT ADMINISTRATION CO. Service code 13 · EIN 91-1999591	Contract Administrator	$76,407

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$81K

$121 / participant

Investment mgmt$5K5.5%
Other / not subdivided$77K94.5%

% of EOY assets

0.229%

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: MOSS ADAMS
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,650

$52,293-39.5%

$178,498-82.3%

$73,412-56.9%

Participation rate

100.0%

65.3%+34.7pp

81.9%+18.1pp

72.2%+27.8pp

Annual return

14.76%

34.75%-20.0pp

151.09%-136.3pp

59.30%-44.5pp

Employer contribution / active EE

$2,058

$1,735+18.6%

$5,011-58.9%

$2,234-7.9%

Participant deferral / active EE

$3,493

$2,332+49.8%

$5,202-32.9%

$3,806-8.2%

Admin fee / account holder

$73

$127-43.0%

$13,985-99.5%

$158-54.0%

Provider

Service type

Compensation

BENEFIT ADMINISTRATION, INC.6+ years

Filed as: BENEFIT ADMINISTRATION CO.

Service code 13 · EIN 91-1999591

Contract Administrator

$76,407

SOUND EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUND 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