Retirement plan

EMPLOYEE BENEFIT PLAN OF WHOLE LIFE, INC.

Name: WHOLE LIFE, INC. - EMPLOYEE BENEFIT PLAN OF WHOLE LIFE, INC. (2022) Form 5500
Creator: WHOLE LIFE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF WHOLE LIFE, INC., WHOLE LIFE, INC.

WHOLE LIFE, INC.EIN 06-1204033Plan #001PY 2022

216 BROAD ST FL 3 - NEW LONDON, CT 063205335860-886-6900wholelifect.orgLinkedIn51-200 employeesnon-profit organization management

Other plans on this EIN

2 filings

#002Retirement-$595K assets #003Retirement-$32K assets

Prospect flagsHigh feesLow employer contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.7M

-4.7% from 2021

Total participants

112

+21.7% from 2021

Average account balance

$35,954

-14.9% from 2021

Annual return

4.35%

-14.37 pp from 2021

Benchmarks

See 19,706 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,706 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.56M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

160.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$245K

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

+10.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6742

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 codes2G2J2E2T

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.

Opportunity flags

3 tripped

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.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$708K

$9321 / participant

Other / not subdivided$708K100.0%

% of EOY assets

19.130%

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

$35,954

$73,848-51.3%

$143,799-75.0%

$68,486-47.5%

Participation rate

88.2%

66.7%+21.5pp

80.3%+7.8pp

67.9%+20.3pp

Annual return

4.35%

0.91%+3.4pp

-0.04%+4.4pp

-7.85%+12.2pp

Employer contribution / active EE

$3,184-100.0%

$4,952-100.0%

$2,597-100.0%

Participant deferral / active EE

$4,670

$3,385+38.0%

$5,638-17.2%

$4,028+15.9%

Admin fee / account holder

$6,878

$5,755+19.5%

$14,677-53.1%

$5,404+27.3%

EMPLOYEE BENEFIT PLAN OF WHOLE LIFE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF WHOLE LIFE, 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