Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPMENT, INC.

Name: THE PARODNECK FOUNDATION FOR S - 403(B) THRIFT PLAN FOR EMPLOYEES OF THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPMENT, INC. (2023) Form 5500
Creator: THE PARODNECK FOUNDATION FOR S
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPMENT, INC., THE PARODNECK FOUNDATION FOR S

THE PARODNECK FOUNDATION FOR SEIN 11-2229635Plan #003PY 2023

121 6TH AVE RM 501 - NEW YORK, NY 100131510212-431-9700parodneckfoundation.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$558K

+71.1% from 2022

Total participants

-6.7% from 2022

Average account balance

$39,881

+83.3% from 2022

Annual return

4.86%

+52.32 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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 codes2G3D2J2E2T

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.
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

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

$11K

$2245 / participant

Other / not subdivided$11K100.0%

% of EOY assets

2.011%

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

$39,881

$96,691-58.8%

$86,656-54.0%

$139,487-71.4%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

4.86%

106.87%-102.0pp

593.09%-588.2pp

373.84%-369.0pp

Employer contribution / active EE

$2,714

$3,267-16.9%

$3,025-10.3%

$4,755-42.9%

Participant deferral / active EE

$1,440

$4,838-70.2%

$4,439-67.6%

$6,713-78.5%

Admin fee / account holder

$802

$6,414-87.5%

$5,619-85.7%

$11,407-93.0%

403(B) THRIFT PLAN FOR EMPLOYEES OF THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPMENT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

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