Retirement plan

ECONOMIC MOBILITY PATHWAYS, INC. 403(B) DC PLAN

Name: ECONOMIC MOBILITY PATHWAYS, INC. - ECONOMIC MOBILITY PATHWAYS, INC. 403(B) DC PLAN (2022) Form 5500
Creator: ECONOMIC MOBILITY PATHWAYS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ECONOMIC MOBILITY PATHWAYS, INC. 403(B) DC PLAN, ECONOMIC MOBILITY PATHWAYS, INC.

ECONOMIC MOBILITY PATHWAYS, INC.EIN 04-2104046Plan #002PY 2022

308 CONGRESS STREET - BOSTON, MA 02210617-259-2953empathways.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$1.2M

-7.7% from 2021

Total participants

110

+19.6% from 2021

Average account balance

$11,227

-23.9% from 2021

Annual return

-12.19%

-21.00 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

$1.45M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

73.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$91K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$762

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

+10.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2093

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 codes2L2F2G3D2T

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$38K

$555 / participant

Other / not subdivided$38K100.0%

% of EOY assets

3.113%

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

$11,227

$73,863-84.8%

$143,797-92.2%

$68,490-83.6%

Participation rate

97.1%

66.7%+30.4pp

80.3%+16.7pp

67.9%+29.2pp

Annual return

-12.19%

0.91%-13.1pp

-0.04%-12.1pp

-7.85%-4.3pp

Employer contribution / active EE

$1,429

$3,185-55.1%

$4,952-71.1%

$2,597-45.0%

Participant deferral / active EE

$3,385-100.0%

$5,638-100.0%

$4,028-100.0%

Admin fee / account holder

$349

$5,756-93.9%

$14,679-97.6%

$5,403-93.5%

ECONOMIC MOBILITY PATHWAYS, INC. 403(B) DC PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ECONOMIC MOBILITY PATHWAYS, INC. 403(B) DC 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