Retirement plan

403(B) THRIFT PLAN OF SPECTRUM YOUTH AND FAMILY SERVICES, INC.

Name: SPECTRUM YOUTH AND FAMILY SERVICES, INC. - 403(B) THRIFT PLAN OF SPECTRUM YOUTH AND FAMILY SERVICES, INC. (2020) Form 5500
Creator: SPECTRUM YOUTH AND FAMILY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF SPECTRUM YOUTH AND FAMILY SERVICES, INC., SPECTRUM YOUTH AND FAMILY SERVICES, INC.

SPECTRUM YOUTH AND FAMILY SERVICES, INC.EIN 03-0253232Plan #001PY 2020

31 ELMWOOD AVE - BURLINGTON, VT 054014347802-864-7423impactvt.comLinkedIn51-200 employees

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+34.5% from 2019

Total participants

+6.7% from 2019

Average account balance

$19,063

+26.0% from 2019

Annual return

19.61%

-8.50 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.50M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

146.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$312K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+18.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3001

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$17K

$390 / participant

Other / not subdivided$17K100.0%

% of EOY assets

1.114%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,063

$91,198-79.1%

$178,503-89.3%

$79,856-76.1%

Participation rate

97.7%

69.2%+28.5pp

81.9%+15.7pp

69.6%+28.0pp

Annual return

19.61%

24.20%-4.6pp

151.12%-131.5pp

31.71%-12.1pp

Employer contribution / active EE

$1,151

$3,257-64.6%

$5,011-77.0%

$2,471-53.4%

Participant deferral / active EE

$3,104

$3,237-4.1%

$5,202-40.3%

$3,741-17.0%

Admin fee / account holder

$212

$6,748-96.9%

$13,987-98.5%

$5,306-96.0%

403(B) THRIFT PLAN OF SPECTRUM YOUTH AND FAMILY SERVICES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF SPECTRUM YOUTH AND FAMILY SERVICES, INC.

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