Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF SOUTH SHORE CHILD GUIDANCE CENTER

Name: SOUTH SHORE CHILD GUIDANCE CEN - 403(B) THRIFT PLAN FOR EMPLOYEES OF SOUTH SHORE CHILD GUIDANCE CENTER (2023) Form 5500
Creator: SOUTH SHORE CHILD GUIDANCE CEN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF SOUTH SHORE CHILD GUIDANCE CENTER, SOUTH SHORE CHILD GUIDANCE CEN

SOUTH SHORE CHILD GUIDANCE CENEIN 11-1881881Plan #003PY 2023

114 CHURCH ST - FREEPORT, NY 115203731516-868-3030southshorechildguidance.orgLinkedIn11-50 employeesmental health care

Other plans on this EIN

1 filing

#002Retirement-$1.6M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.3M

-3.1% from 2022

Total participants

0.0% from 2022

Average account balance

$84,344

-16.0% from 2022

Annual return

16.58%

+33.31 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.57M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

84.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$178K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4175

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 codes2G3D2J2E

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.
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

2 tripped

OpportunityLow participant contribution
Participant 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

$446K

$23463 / participant

Other / not subdivided$446K100.0%

% of EOY assets

35.237%

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

$84,344

$175,257-51.9%

$149,717-43.7%

$139,456-39.5%

Participation rate

78.9%

83.4%-4.4pp

78.8%+0.2pp

80.3%-1.4pp

Annual return

16.58%

166.70%-150.1pp

134.41%-117.8pp

373.45%-356.9pp

Employer contribution / active EE

$9,215

$5,477+68.3%

$4,820+91.2%

$4,753+93.9%

Participant deferral / active EE

$740

$6,521-88.7%

$5,682-87.0%

$6,711-89.0%

Admin fee / account holder

$29,720

$16,156+84.0%

$13,213+124.9%

$11,407+160.5%

403(B) THRIFT PLAN FOR EMPLOYEES OF SOUTH SHORE CHILD GUIDANCE CENTER

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF SOUTH SHORE CHILD GUIDANCE CENTER

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