Retirement plan

BOYS AND GIRLS HOME AND FAMILY SERVICES, INC. RETIREMENT PLAN

Name: BOYS AND GIRLS HOME AND FAMILY SERVICES INC - BOYS AND GIRLS HOME AND FAMILY SERVICES, INC. RETIREMENT PLAN (2017) Form 5500
Creator: BOYS AND GIRLS HOME AND FAMILY SERVICES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOYS AND GIRLS HOME AND FAMILY SERVICES, INC. RETIREMENT PLAN, BOYS AND GIRLS HOME AND FAMILY SERVICES INC

BOYS AND GIRLS HOME AND FAMILY SERVICES INCEIN 93-0991860Plan #002PY 2017

P.O. BOX 1197 - SIOUX CITY, IA 51102712-293-4700boysandgirlshome.comLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow returnsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.3M

+11.5% from 2016

Total participants

121

-0.8% from 2016

Average account balance

$44,157

+7.1% from 2016

Annual return

10.94%

+7.62 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.80M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

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.

45.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$124K

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

+12.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17430

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
NICHOLS, RISE & COMPANY, LLP3+ years Service code 10 · EIN 42-0634266	Accounting	$9,750
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE Service code 15 PECAUT AND COMPANY · SIOUX CITY, IA 51101	Recordkeeping	$9,290
BILLINGS AND COMPANY, INC.2 years Filed as: BILLINGS AND COMPANY Service code 15 · EIN 42-1330866 2020 INDIAN HILLS DRIVE · SIOUX CITY, IA 51104	Recordkeeping	$956
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$847
RETIREMENT, LLC1 year Filed as: RETIREMENT, LLC SERIES TWO Service code 13 · EIN 26-3723532	Contract Administrator	$396
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILLSHIRE ASSOCIATES INCORPORATED Service code 27	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED1 year Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2F2G2M3H2K2T

Plan features

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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$21K

$230 / participant

Investment mgmt$9K43.4%
Contract admin$2K11.1%
Other / not subdivided$10K45.5%

% of EOY assets

0.951%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NICHOLS, RISE & COMPANY LLC
Auditor EIN: 420634266
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,157

$84,236-47.6%

$170,435-74.1%

$70,126-37.0%

Participation rate

24.7%

70.8%-46.1pp

83.6%-58.9pp

69.5%-44.8pp

Annual return

10.94%

23.06%-12.1pp

205.94%-195.0pp

73.15%-62.2pp

Employer contribution / active EE

$3,387-100.0%

$5,432-100.0%

$2,343-100.0%

Participant deferral / active EE

$660

$3,086-78.6%

$4,939-86.6%

$3,332-80.2%

Admin fee / account holder

$420

$5,698-92.6%

$13,881-97.0%

$4,645-91.0%

Provider

Service type

Compensation

NICHOLS, RISE & COMPANY, LLP3+ years

Service code 10 · EIN 42-0634266

Accounting

$9,750

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE

Service code 15

PECAUT AND COMPANY · SIOUX CITY, IA 51101

Recordkeeping

$9,290

BILLINGS AND COMPANY, INC.2 years

Filed as: BILLINGS AND COMPANY

Service code 15 · EIN 42-1330866

2020 INDIAN HILLS DRIVE · SIOUX CITY, IA 51104

Recordkeeping

$956

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$847

RETIREMENT, LLC1 year

Filed as: RETIREMENT, LLC SERIES TWO

Service code 13 · EIN 26-3723532

Contract Administrator

$396

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILLSHIRE ASSOCIATES INCORPORATED

Service code 27

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED1 year

Service code 27 · EIN 95-2755361

Advisory (Plan)

BOYS AND GIRLS HOME AND FAMILY SERVICES, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOYS AND GIRLS HOME AND FAMILY SERVICES, INC. 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