Retirement plan

EMPLOYEE BENEFITS PLAN OF FAMILY SERVICE SOCIETY

Name: FAMILY SERVICE SOCIETY OF YONKERS - EMPLOYEE BENEFITS PLAN OF FAMILY SERVICE SOCIETY (2023) Form 5500
Creator: FAMILY SERVICE SOCIETY OF YONKERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFITS PLAN OF FAMILY SERVICE SOCIETY, FAMILY SERVICE SOCIETY OF YONKERS

FAMILY SERVICE SOCIETY OF YONKERSEIN 13-1739956Plan #001PY 2023

30 S BROADWAY - YONKERS, NY 107013712914-963-5118

Other plans on this EIN

2 filings

#002Retirement-$3.1M assets #003Retirement-$455K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.6M

+13.6% from 2022

Total participants

-12.2% from 2022

Average account balance

$38,020

+28.4% from 2022

Annual return

14.05%

+27.60 pp from 2022

Benchmarks

See 20,804 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,804 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.99M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

136.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$183K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1973

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 codes2C2F2G2T3D

Plan features

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

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

$190K

$3647 / participant

Other / not subdivided$190K100.0%

% of EOY assets

7.229%

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

$38,020

$77,901-51.2%

$149,717-74.6%

$75,181-49.4%

Participation rate

94.2%

65.6%+28.7pp

78.8%+15.5pp

67.2%+27.0pp

Annual return

14.05%

31.73%-17.7pp

134.41%-120.4pp

160.69%-146.6pp

Employer contribution / active EE

$3,397

$3,137+8.3%

$4,820-29.5%

$2,671+27.2%

Participant deferral / active EE

$3,411-100.0%

$5,682-100.0%

$4,126-100.0%

Admin fee / account holder

$2,749

$5,949-53.8%

$13,213-79.2%

$5,650-51.4%

EMPLOYEE BENEFITS PLAN OF FAMILY SERVICE SOCIETY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFITS PLAN OF FAMILY SERVICE SOCIETY

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