Retirement plan

GUILD OF ST. AGNES OF WORCESTER, INC 401(K) PLAN

Name: GUILD OF ST. AGNES OF WORCESTER, INC - GUILD OF ST. AGNES OF WORCESTER, INC 401(K) PLAN (2023) Form 5500
Creator: GUILD OF ST. AGNES OF WORCESTER, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GUILD OF ST. AGNES OF WORCESTER, INC 401(K) PLAN, GUILD OF ST. AGNES OF WORCESTER, INC

GUILD OF ST. AGNES OF WORCESTER, INCEIN 04-2104267Plan #002PY 2023

19 HARVARD STREET - WORCESTER, MA 01609508-755-2238LinkedIn201-500 employeesinvestment management

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$9M

+14.5% from 2022

Total participants

388

-4.0% from 2022

Average account balance

$30,978

+12.9% from 2022

Annual return

13.43%

+26.60 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.46M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

235

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.

62.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.43M

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

+10.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$240

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 2 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$18,200
FIRST NATIONAL CORPORATION1 year Service code 27 · EIN 04-2541452	Advisory (Plan)	$9,901

Plan features & details

Pension benefit codes2F2G2J2K2T3D

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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$28K

$98 / participant

Recordkeeping$18K65.0%
Investment mgmt$10K35.0%

% of EOY assets

0.313%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: O'CONNOR, MALONEY & CO.P.C.
Auditor EIN: 042595327
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,978

$47,180-34.3%

$149,723-79.3%

$74,473-58.4%

Participation rate

66.7%

63.4%+3.3pp

78.8%-12.1pp

70.7%-4.1pp

Annual return

13.43%

22.75%-9.3pp

134.50%-121.1pp

34.36%-20.9pp

Employer contribution / active EE

$3,012

$1,907+57.9%

$4,821-37.5%

$2,638+14.2%

Participant deferral / active EE

$1,698

$2,730-37.8%

$5,682-70.1%

$4,530-62.5%

Admin fee / account holder

$97

$343-71.7%

$13,215-99.3%

$347-72.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$18,200

FIRST NATIONAL CORPORATION1 year

Service code 27 · EIN 04-2541452

Advisory (Plan)

$9,901

GUILD OF ST. AGNES OF WORCESTER, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GUILD OF ST. AGNES OF WORCESTER, INC 401(K) 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