Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF PATHWAYS FOR CHANGE, INC.

Name: PATHWAYS FOR CHANGE, INC. - 403(B) THRIFT PLAN FOR EMPLOYEES OF PATHWAYS FOR CHANGE, INC. (2024) Form 5500
Creator: PATHWAYS FOR CHANGE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF PATHWAYS FOR CHANGE, INC., PATHWAYS FOR CHANGE, INC.

PATHWAYS FOR CHANGE, INC.EIN 04-2734584Plan #001PY 2024

588 MAIN ST - WORCESTER, MA 016082014508-852-7600centralmasspfc.orgLinkedIn1-10 employeescivic & social organization

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$888K

+12.8% from 2023

Total participants

+8.8% from 2023

Average account balance

$26,901

+6.0% from 2023

Annual return

10.54%

-2.81 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$888K

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

117.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2286

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$75K

$2694 / participant

Other / not subdivided$75K100.0%

% of EOY assets

8.496%

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

$26,901

$81,276-66.9%

$155,574-82.7%

$80,925-66.8%

Participation rate

85.7%

66.2%+19.5pp

78.2%+7.5pp

67.7%+18.1pp

Annual return

10.54%

33.36%-22.8pp

64.87%-54.3pp

35.65%-25.1pp

Employer contribution / active EE

$1,807

$3,103-41.8%

$4,676-61.3%

$2,756-34.4%

Participant deferral / active EE

$1,512

$3,453-56.2%

$5,629-73.1%

$4,299-64.8%

Admin fee / account holder

$2,286

$7,993-71.4%

$15,914-85.6%

$6,940-67.1%

403(B) THRIFT PLAN FOR EMPLOYEES OF PATHWAYS FOR CHANGE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF PATHWAYS FOR CHANGE, 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