Retirement plan

OPPORTUNITY ALLIANCE 403(B) PLAN

Name: OPPORTUNITY ALLIANCE - OPPORTUNITY ALLIANCE 403(B) PLAN (2019) Form 5500
Creator: OPPORTUNITY ALLIANCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPPORTUNITY ALLIANCE 403(B) PLAN, OPPORTUNITY ALLIANCE

OPPORTUNITY ALLIANCEEIN 01-0274725Plan #001PY 2019

50 LYDIA LANE - SOUTH PORTLAND, ME 04106207-874-1175opportunityalliance.orgLinkedIn201-500 employeesmental health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$12.4M

+14.6% from 2018

Total participants

611

+15.7% from 2018

Average account balance

$37,296

+14.9% from 2018

Annual return

25.21%

+28.82 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.10M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

601

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.

89.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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 4 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK1 year Filed as: COMMONWEALTH EQUITY SERVICE, LLC Service code 27 · EIN 04-2675571	Advisory (Plan)	$33,847
SHERIDAN ROAD ADVISORS LLC2 years Filed as: HUB INTERNATIONAL NEW ENGLAND LLC Service code 13 299 BALLARDVALE ST · WILMINGTON, MA 01887	Contract Administrator	$4,625
ADVIASED ASSETS GROUP1 year Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,523
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GREAT-WEST LIFE AND ANNUITY INSURAN Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111	Recordkeeping Fees	$423

Plan features & details

Pension benefit codes2F2G2K2L2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$41K

$80 / participant

Other / not subdivided$41K100.0%

% of EOY assets

0.327%

all-in expense ratio

Categories reported

0 / 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: BERRY DUNN MCNEIL & PARKER
Auditor EIN: 010523282
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,296

$62,928-40.7%

$172,752-78.4%

$67,579-44.8%

Participation rate

45.0%

64.5%-19.5pp

82.6%-37.7pp

71.3%-26.3pp

Annual return

25.21%

30.36%-5.2pp

802.97%-777.8pp

378.56%-353.4pp

Employer contribution / active EE

$466

$1,636-71.5%

$5,144-90.9%

$2,148-78.3%

Participant deferral / active EE

$1,408

$2,145-34.3%

$5,198-72.9%

$3,539-60.2%

Admin fee / account holder

$122

$167-26.8%

$13,955-99.1%

$142-14.3%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK1 year

Filed as: COMMONWEALTH EQUITY SERVICE, LLC

Service code 27 · EIN 04-2675571

Advisory (Plan)

$33,847

SHERIDAN ROAD ADVISORS LLC2 years

Filed as: HUB INTERNATIONAL NEW ENGLAND LLC

Service code 13

299 BALLARDVALE ST · WILMINGTON, MA 01887

Contract Administrator

$4,625

ADVIASED ASSETS GROUP1 year

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,523

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GREAT-WEST LIFE AND ANNUITY INSURAN

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111

Recordkeeping Fees

$423

OPPORTUNITY ALLIANCE 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPPORTUNITY ALLIANCE 403(B) 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