Retirement plan

403(B) THRIFT PLAN OF YOU GOTTA BELIEVE, THE OLDER CHILD ADOPTION AND PERMANENCY MOVEMENT, I

Name: YOU GOTTA BELIEVE, THE OLDER CHILD ADOPTION AND PERMANENCY MOVEMENT, I - 403(B) THRIFT PLAN OF YOU GOTTA BELIEVE, THE OLDER CHILD ADOPTION AND PERMANENCY MOVEMENT, I (2020) Form 5500
Creator: YOU GOTTA BELIEVE, THE OLDER CHILD ADOPTION AND PERMANENCY MOVEMENT, I
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF YOU GOTTA BELIEVE, THE OLDER CHILD ADOPTION AND PERMANENCY MOVEMENT, I, YOU GOTTA BELIEVE, THE OLDER CHILD ADOPTION AND PERMANENCY MOVEMENT, I

YOU GOTTA BELIEVE, THE OLDER CHILD ADOPTION AND PERMANENCY MOVEMENT, IEIN 11-3272603Plan #002PY 2020

3114 MERMAID AVE - BROOKLYN, NY 112241808718-372-3003

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$769K

+12.1% from 2019

Total participants

0.0% from 2019

Average account balance

$32,046

+2.8% from 2019

Annual return

11.92%

-21.77 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$947K

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$137K

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

+21.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7889

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 codes2F2G2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 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.)
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

$63K

$3307 / participant

Other / not subdivided$63K100.0%

% of EOY assets

8.169%

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

$32,046

$209,422-84.7%

$178,503-82.0%

$158,982-79.8%

Participation rate

94.7%

86.4%+8.4pp

81.9%+12.8pp

82.0%+12.8pp

Annual return

11.92%

188.81%-176.9pp

151.12%-139.2pp

302.99%-291.1pp

Employer contribution / active EE

$1,934

$5,707-66.1%

$5,011-61.4%

$4,763-59.4%

Participant deferral / active EE

$1,448

$5,955-75.7%

$5,202-72.2%

$5,983-75.8%

Admin fee / account holder

$2,618

$17,079-84.7%

$13,987-81.3%

$11,252-76.7%

403(B) THRIFT PLAN OF YOU GOTTA BELIEVE, THE OLDER CHILD ADOPTION AND PERMANENCY MOVEMENT, I

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF YOU GOTTA BELIEVE, THE OLDER CHILD ADOPTION AND PERMANENCY MOVEMENT, I

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