Retirement plan

WOODWARD CHILDREN'S CENTER, INC. MONEY PURCHASE PLAN

Name: WOODWARD CHILDREN'S CENTER, INC. - WOODWARD CHILDREN'S CENTER, INC. MONEY PURCHASE PLAN (2023) Form 5500
Creator: WOODWARD CHILDREN'S CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOODWARD CHILDREN'S CENTER, INC. MONEY PURCHASE PLAN, WOODWARD CHILDREN'S CENTER, INC.

WOODWARD CHILDREN'S CENTER, INC.EIN 11-1867905Plan #001PY 2023

201 WEST MERRICK ROAD - FREEPORT, NY 11520516-379-0900woodwardchildren.orgLinkedIn11-50 employeeseducation management

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.9M

+20.9% from 2022

Total participants

+7.5% from 2022

Average account balance

$45,877

+12.4% from 2022

Annual return

15.57%

+30.53 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.26M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

111.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$208K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6423

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 codes2C2G3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

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

$11K

$250 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.282%

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

$45,877

$77,908-41.1%

$149,696-69.4%

$75,173-39.0%

Participation rate

97.7%

65.6%+32.1pp

78.8%+19.0pp

67.2%+30.5pp

Annual return

15.57%

31.73%-16.2pp

134.46%-118.9pp

160.72%-145.2pp

Employer contribution / active EE

$4,135

$3,138+31.8%

$4,821-14.2%

$2,671+54.8%

Participant deferral / active EE

$3,411-100.0%

$5,682-100.0%

$4,126-100.0%

Admin fee / account holder

$129

$5,950-97.8%

$13,212-99.0%

$5,651-97.7%

WOODWARD CHILDREN'S CENTER, INC. MONEY PURCHASE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOODWARD CHILDREN'S CENTER, INC. MONEY PURCHASE 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