Retirement plan

EMPLOYEE BENEFIT PLAN OF GIRL SCOUTS OF CONNECTICUT, INC.

Name: GIRL SCOUTS OF CONNECTICUT, INC. - EMPLOYEE BENEFIT PLAN OF GIRL SCOUTS OF CONNECTICUT, INC. (2023) Form 5500
Creator: GIRL SCOUTS OF CONNECTICUT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF GIRL SCOUTS OF CONNECTICUT, INC., GIRL SCOUTS OF CONNECTICUT, INC.

GIRL SCOUTS OF CONNECTICUT, INC.EIN 06-0662134Plan #003PY 2023

340 WASHINGTON STREET - HARTFORD, CT 06106860-522-0163gsofct.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$2.2M

-0.0% from 2022

Total participants

-16.1% from 2022

Average account balance

$30,341

+52.0% from 2022

Annual return

14.68%

+31.86 pp from 2022

Benchmarks

See 9,816 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,816 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.81M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$183K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1610

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

Top 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 27 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600	Advisory (Plan)	$11,135
PROCYON INSTITUTIONAL ADVISOR5 years Service code 26 · EIN 82-1597892 ONE CORPORATE DRIVE · SHELTON, CT 06484	Advisory (Participants)	$10,962

Plan features & details

Pension benefit codes2A2F2G2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$25K

$371 / participant

Recordkeeping$11K44.2%
Investment mgmt$11K43.5%
Contract admin$3K12.4%

% of EOY assets

1.138%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BERRY DUNN MCNEIL & PARKER, LLC
Auditor EIN: 010523282
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,341

$57,312-47.1%

$86,617-65.0%

$75,181-59.6%

Participation rate

69.1%

63.2%+5.9pp

71.7%-2.6pp

67.2%+1.9pp

Annual return

14.68%

2672.78%-2658.1pp

591.91%-577.2pp

160.69%-146.0pp

Employer contribution / active EE

$2,315-100.0%

$3,023-100.0%

$2,671-100.0%

Participant deferral / active EE

$3,060

$3,319-7.8%

$4,437-31.0%

$4,126-25.8%

Admin fee / account holder

$345

$4,114-91.6%

$5,613-93.8%

$5,650-93.9%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO.

Service code 27 · EIN 01-0233346

PO BOX 600 · BUFFALO, NY 142010600

Advisory (Plan)

$11,135

PROCYON INSTITUTIONAL ADVISOR5 years

Service code 26 · EIN 82-1597892

ONE CORPORATE DRIVE · SHELTON, CT 06484

Advisory (Participants)

$10,962

EMPLOYEE BENEFIT PLAN OF GIRL SCOUTS OF CONNECTICUT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF GIRL SCOUTS OF CONNECTICUT, 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