Retirement plan

FOCUS-FELLOWSHIP OF CHRISTIANS IN UNIVERSITIES 403(B) RETIREMENT PLAN

Name: FELLOWSHIP OF CHRISTIANS IN UNIVERSITIES AND SCHOOLS - FOCUS-FELLOWSHIP OF CHRISTIANS IN UNIVERSITIES 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: FELLOWSHIP OF CHRISTIANS IN UNIVERSITIES AND SCHOOLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOCUS-FELLOWSHIP OF CHRISTIANS IN UNIVERSITIES 403(B) RETIREMENT PLAN, FELLOWSHIP OF CHRISTIANS IN UNIVERSITIES AND SCHOOLS

FELLOWSHIP OF CHRISTIANS IN UNIVERSITIES AND SCHOOLSEIN 06-0870830Plan #001PY 2023

140 ELM STREET - NEW CANNAN, CT 06840203-972-3408

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.3M

-7.2% from 2022

Total participants

-2.5% from 2022

Average account balance

$59,267

-4.8% from 2022

Annual return

0.81%

+6.18 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

$3.53M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$233K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1650

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 codes2F2G2M2T

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$399K

$15946 / participant

Other / not subdivided$399K100.0%

% of EOY assets

17.247%

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

$59,267

$57,312+3.4%

$86,617-31.6%

$75,181-21.2%

Participation rate

100.0%

63.2%+36.8pp

71.7%+28.3pp

67.2%+32.8pp

Annual return

0.81%

2672.78%-2672.0pp

591.91%-591.1pp

160.69%-159.9pp

Employer contribution / active EE

$2,717

$2,315+17.3%

$3,023-10.1%

$2,671+1.7%

Participant deferral / active EE

$4,733

$3,319+42.6%

$4,437+6.7%

$4,126+14.7%

Admin fee / account holder

$10,222

$4,114+148.5%

$5,613+82.1%

$5,650+80.9%

FOCUS-FELLOWSHIP OF CHRISTIANS IN UNIVERSITIES 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOCUS-FELLOWSHIP OF CHRISTIANS IN UNIVERSITIES 403(B) RETIREMENT 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