Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY HOUSING ADVOCATES, INC.

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

COMMUNITY HOUSING ADVOCATES, INC.EIN 06-1090211Plan #001PY 2024

221 MAIN STREET, 4TH FLR. - HARTFORD, CT 061061890860-808-2038ctcha.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$2.3M

+1.5% from 2023

Total participants

137

-10.5% from 2023

Average account balance

$18,157

+18.7% from 2023

Annual return

10.83%

-3.30 pp from 2023

Benchmarks

See 6,010 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,010 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.25M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

124

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.

89.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$443K

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

+10.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$181

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
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$22,239
COMMONWEALTH FINANCIAL NETWORK1 year Service code 27 · EIN 04-2675571	Advisory (Plan)	$6,722

Plan features & details

Pension benefit codes2F2G2L2M2S2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$23K

$184 / participant

Contract admin$23K100.0%

% of EOY assets

0.999%

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: FIONDELLA, MILONE & LASARACINA LLP
Auditor EIN: 061648707
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,157

$55,423-67.2%

$155,602-88.3%

$74,400-75.6%

Participation rate

89.3%

61.9%+27.5pp

78.2%+11.1pp

67.2%+22.1pp

Annual return

10.83%

269.07%-258.2pp

64.81%-54.0pp

1367.51%-1356.7pp

Employer contribution / active EE

$1,165

$2,266-48.6%

$4,675-75.1%

$2,624-55.6%

Participant deferral / active EE

$2,470

$2,835-12.9%

$5,629-56.1%

$4,348-43.2%

Admin fee / account holder

$181

$1,744-89.6%

$15,923-98.9%

$1,944-90.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$22,239

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 27 · EIN 04-2675571

Advisory (Plan)

$6,722

403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY HOUSING ADVOCATES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITY HOUSING ADVOCATES, 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