Retirement plan

401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF NORTHEAST CENTER FOR YOUTH AND FAMILIES, INC.

Name: NORTHEAST CENTER FOR YOUTH AND FAMILIES, INC. - 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF NORTHEAST CENTER FOR YOUTH AND FAMILIES, INC. (2023) Form 5500
Creator: NORTHEAST CENTER FOR YOUTH AND FAMILIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF NORTHEAST CENTER FOR YOUTH AND FAMILIES, INC., NORTHEAST CENTER FOR YOUTH AND FAMILIES, INC.

NORTHEAST CENTER FOR YOUTH AND FAMILIES, INC.EIN 04-2680339Plan #001PY 2023

203 EAST ST - EASTHAMPTON, MA 01027413-529-7777LinkedIn1-10 employeesprimary/secondary education

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$3.4M

+9.8% from 2022

Total participants

257

-1.2% from 2022

Average account balance

$13,980

+16.2% from 2022

Annual return

10.87%

+25.86 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.30M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

182

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.

71.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$239K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$76

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK7 years Service code 99 · EIN 04-2675571	Other Fees	$11,683
THE ANGELL PENSION GROUP, INC.1 year Filed as: ANGELL PENSION GROUP Service code 13 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914	Contract Administrator	$1,590

Plan features & details

Pension benefit codes2F2S2T3D

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).
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$7K

$82 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.198%

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: MEYERS BROTHERS KALICKA, P.C.
Auditor EIN: 042713795
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,980

$77,908-82.1%

$149,696-90.7%

$75,173-81.4%

Participation rate

80.2%

65.6%+14.7pp

78.8%+1.5pp

67.2%+13.0pp

Annual return

10.87%

31.73%-20.9pp

134.46%-123.6pp

160.72%-149.8pp

Employer contribution / active EE

$276

$3,138-91.2%

$4,821-94.3%

$2,671-89.7%

Participant deferral / active EE

$2,109

$3,411-38.2%

$5,682-62.9%

$4,126-48.9%

Admin fee / account holder

$28

$5,950-99.5%

$13,212-99.8%

$5,651-99.5%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK7 years

Service code 99 · EIN 04-2675571

Other Fees

$11,683

THE ANGELL PENSION GROUP, INC.1 year

Filed as: ANGELL PENSION GROUP

Service code 13

88 BOYD AVENUE · EAST PROVIDENCE, RI 02914

Contract Administrator

$1,590

401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF NORTHEAST CENTER FOR YOUTH AND FAMILIES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF NORTHEAST CENTER FOR YOUTH AND FAMILIES, 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