Retirement plan

403(B) THRIFT PLAN OF THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPME

Name: THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPME - 403(B) THRIFT PLAN OF THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPME (2021) Form 5500
Creator: THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPME
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPME, THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPME

THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPMEEIN 11-2229635Plan #003PY 2021

121 6TH AVE RM 501 - NEW YORK, NY 100131510212-431-9668parodneckfoundation.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$580K

+2.7% from 2020

Total participants

+11.1% from 2020

Average account balance

$28,977

-7.6% from 2020

Annual return

3.52%

-1.27 pp from 2020

Benchmarks

See 37,602 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,602 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$587K

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

500.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+5.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1338

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 codes2F2G2T

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.
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

$23K

$3766 / participant

Other / not subdivided$23K100.0%

% of EOY assets

3.899%

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

$28,977

$109,905-73.6%

$98,506-70.6%

$167,553-82.7%

Participation rate

100.0%

75.8%+24.2pp

73.3%+26.7pp

82.1%+17.9pp

Annual return

3.52%

1960.20%-1956.7pp

1494.92%-1491.4pp

478.89%-475.4pp

Employer contribution / active EE

$1,810

$3,226-43.9%

$2,961-38.9%

$4,840-62.6%

Participant deferral / active EE

$1,133

$4,674-75.8%

$4,277-73.5%

$6,343-82.1%

Admin fee / account holder

$1,130

$6,760-83.3%

$5,955-81.0%

$12,316-90.8%

403(B) THRIFT PLAN OF THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPME

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPME

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