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. (2024) 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 2024

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.9M

+15.8% from 2023

Total participants

277

+7.8% from 2023

Average account balance

$14,720

+5.3% from 2023

Annual return

13.95%

+3.08 pp from 2023

Benchmarks

See 21,742 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,742 peers

Snapshot2024

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK8 years Service code 99 · EIN 04-2675571	Other Fees	$13,012
THE ANGELL PENSION GROUP, INC.1 year Service code 13 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914	Contract Administrator	$1,721

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$2K

$30 / participant

Contract admin$2K77.3%
Other / not subdivided$55522.7%

% of EOY assets

0.063%

all-in expense ratio

Categories reported

1 / 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

$14,720

$81,262-81.9%

$155,602-90.5%

$80,911-81.8%

Participation rate

85.4%

66.2%+19.1pp

78.2%+7.2pp

67.6%+17.7pp

Annual return

13.95%

33.34%-19.4pp

64.81%-50.9pp

35.63%-21.7pp

Employer contribution / active EE

$797

$3,102-74.3%

$4,675-83.0%

$2,756-71.1%

Participant deferral / active EE

$1,989

$3,451-42.4%

$5,629-64.7%

$4,297-53.7%

Admin fee / account holder

$7,992-99.9%

$15,923-99.9%

$6,935-99.9%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK8 years

Service code 99 · EIN 04-2675571

Other Fees

$13,012

THE ANGELL PENSION GROUP, INC.1 year

Service code 13

88 BOYD AVENUE · EAST PROVIDENCE, RI 02914

Contract Administrator

$1,721

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