Retirement plan

MV ADVANCEMENTS PROFIT SHARING PLAN

Name: MV ADVANCEMENTS - MV ADVANCEMENTS PROFIT SHARING PLAN (2017) Form 5500
Creator: MV ADVANCEMENTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MV ADVANCEMENTS PROFIT SHARING PLAN, MV ADVANCEMENTS

MV ADVANCEMENTSEIN 93-0568833Plan #001PY 2017

16700 S HIGHWAY 99W - AMITY, OR 97101503-835-2971mvadvancements.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$1.7M

+4.0% from 2016

Total participants

174

+5.5% from 2016

Average account balance

$12,246

-5.3% from 2016

Annual return

11.36%

+10.81 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.15M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

103

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.

71.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$411K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$134

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
MINNESOTA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 41-0417830	Contract Administrator	$5,082

Plan features & details

Pension benefit codes2E2F2G2J3H2T3D

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$5K

$37 / participant

Contract admin$5K100.0%

% of EOY assets

0.307%

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: BERNARDS & ASSOCIATES CPAS, PC
Auditor EIN: 464152764
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,246

$55,453-77.9%

$170,439-92.8%

$62,293-80.3%

Participation rate

71.9%

66.4%+5.6pp

83.6%-11.7pp

69.5%+2.4pp

Annual return

11.36%

21.38%-10.0pp

205.94%-194.6pp

28.90%-17.5pp

Employer contribution / active EE

$929

$2,164-57.1%

$5,433-82.9%

$2,042-54.5%

Participant deferral / active EE

$1,113

$2,303-51.7%

$4,939-77.5%

$3,169-64.9%

Admin fee / account holder

$38

$455-91.7%

$13,881-99.7%

$479-92.1%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 41-0417830

Contract Administrator

$5,082

MV ADVANCEMENTS PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MV ADVANCEMENTS PROFIT SHARING 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