Retirement plan

WORK TRAINING CENTER, INC. 403(B) TAX SHELTERED ANNUITY

Name: WORK TRAINING CENTER FOR THE HANDICAPPED, INC. - WORK TRAINING CENTER, INC. 403(B) TAX SHELTERED ANNUITY (2020) Form 5500
Creator: WORK TRAINING CENTER FOR THE HANDICAPPED, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WORK TRAINING CENTER, INC. 403(B) TAX SHELTERED ANNUITY, WORK TRAINING CENTER FOR THE HANDICAPPED, INC.

WORK TRAINING CENTER FOR THE HANDICAPPED, INC.EIN 94-1540883Plan #001PY 2020

80 INDEPENDENCE CIRCLE, SUITE 200 - CHICO, CA 95973530-343-7994

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$2.5M

+6.6% from 2019

Total participants

171

-21.2% from 2019

Average account balance

$25,287

+24.1% from 2019

Annual return

11.42%

-7.76 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.39M

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.

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.

77.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$123K

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

+12.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7023

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$13,001
EDWARD JONES2 years Service code 27 · EIN 43-0345811	Advisory (Plan)	$5,437
BIDWELL CONSULTING SERVICES, INC.1 year Filed as: BIDWELL CONSULTING SERVICES, INC Service code 13 · EIN 20-3039384 3251 ESPLANADE · CHICO, CA 95973	Contract Administrator	$0

Plan features & details

Pension benefit codes2A2E2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$14K

$108 / participant

Investment mgmt$10K70.3%
Contract admin$4K29.7%

% of EOY assets

0.548%

all-in expense ratio

Categories reported

2 / 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: HARRINGTON GROUP
Auditor EIN: 954557617
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,287

$58,888-57.1%

$178,499-85.8%

$73,493-65.6%

Participation rate

42.1%

66.2%-24.2pp

81.9%-39.9pp

70.7%-28.6pp

Annual return

11.42%

24.86%-13.4pp

151.10%-139.7pp

28.51%-17.1pp

Employer contribution / active EE

$168

$2,236-92.5%

$5,011-96.6%

$2,270-92.6%

Participant deferral / active EE

$954

$2,568-62.9%

$5,202-81.7%

$3,740-74.5%

Admin fee / account holder

$139

$400-65.4%

$13,986-99.0%

$513-73.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$13,001

EDWARD JONES2 years

Service code 27 · EIN 43-0345811

Advisory (Plan)

$5,437

BIDWELL CONSULTING SERVICES, INC.1 year

Filed as: BIDWELL CONSULTING SERVICES, INC

Service code 13 · EIN 20-3039384

3251 ESPLANADE · CHICO, CA 95973

Contract Administrator

WORK TRAINING CENTER, INC. 403(B) TAX SHELTERED ANNUITY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WORK TRAINING CENTER, INC. 403(B) TAX SHELTERED ANNUITY

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