Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC.

Name: ITALIAN HOME FOR CHILDREN, INC - 403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC. (2022) Form 5500
Creator: ITALIAN HOME FOR CHILDREN, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC., ITALIAN HOME FOR CHILDREN, INC

ITALIAN HOME FOR CHILDREN, INCEIN 04-2103799Plan #002PY 2022

1125 CENTRE ST - JAMAICA PLAIN, MA 021303445617-527-3116italianhome.orgLinkedIn201-500 employeesindividual & family services

Other plans on this EIN

1 filing

#102Retirement-$2.0M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$3.3M

-6.8% from 2021

Total participants

113

-2.6% from 2021

Average account balance

$31,363

-4.2% from 2021

Annual return

-11.06%

-42.49 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.70M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

143

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.

25.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$290K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
MUTUAL OF AMERICA INVESTMENT CORP3 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Recordkeeping and information managem...	$0

Plan features & details

Pension benefit codes2G3D2J2T

Plan features

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.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$167

$3 / participant

Other / not subdivided$167100.0%

% of EOY assets

0.005%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,363

$73,863-57.5%

$143,797-78.2%

$68,490-54.2%

Participation rate

88.7%

66.7%+22.0pp

80.3%+8.4pp

67.9%+20.8pp

Annual return

-11.06%

0.91%-12.0pp

-0.04%-11.0pp

-7.85%-3.2pp

Employer contribution / active EE

$3,185-100.0%

$4,952-100.0%

$2,597-100.0%

Participant deferral / active EE

$3,861

$3,385+14.1%

$5,638-31.5%

$4,028-4.1%

Admin fee / account holder

$5,756-100.0%

$14,679-100.0%

$5,403-100.0%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP3 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Recordkeeping and information managem...

403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, 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