Retirement plan

NATIONAL COUNCIL ON AGING, INC 403(B) PLAN

Name: NATIONAL COUNCIL ON AGING, INC. - NATIONAL COUNCIL ON AGING, INC 403(B) PLAN (2022) Form 5500
Creator: NATIONAL COUNCIL ON AGING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL COUNCIL ON AGING, INC 403(B) PLAN, NATIONAL COUNCIL ON AGING, INC.

NATIONAL COUNCIL ON AGING, INC.EIN 13-1932384Plan #002PY 2022

251 - 18TH STREET SOUTH, SUITE 500 - ARLINGTON, VA 22202571-527-3900ncoa.orgLinkedIn51-200 employeesnon-profit organization management

Other plans on this EIN

1 filing

#001Retirement-$6.1M assets

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$12M

-7.5% from 2021

Total participants

111

+18.1% from 2021

Average account balance

$108,415

-21.7% from 2021

Annual return

-15.13%

-31.07 pp from 2021

Benchmarks

See 9,360 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,360 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.71M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

131

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+17.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$326

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
RETIREMENT PLANOLOGY INC2 years Filed as: RETIREMENT PLANOLOGY, INC Service code 27 · EIN 46-5341130	Advisory (Plan)	$23,769
PRUDENTIAL RETIREMENT INSURANCE AND2 years Service code 13 · EIN 06-1050034	Contract Administrator	$10,970

Plan features & details

Pension benefit codes2M2G2F2T3F3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$35K

$414 / participant

Investment mgmt$24K68.3%
Contract admin$11K31.5%
Other / not subdivided$750.2%

% of EOY assets

0.289%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PBMARES, LLP
Auditor EIN: 540737372
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,415

$54,370+99.4%

$82,763+31.0%

$68,490+58.3%

Participation rate

100.0%

63.9%+36.1pp

72.6%+27.4pp

67.9%+32.1pp

Annual return

-15.13%

-13.67%-1.5pp

702.45%-717.6pp

-7.85%-7.3pp

Employer contribution / active EE

$5,824

$2,219+162.4%

$3,008+93.6%

$2,597+124.3%

Participant deferral / active EE

$8,932

$3,247+175.1%

$4,395+103.2%

$4,028+121.7%

Admin fee / account holder

$314

$4,398-92.9%

$5,325-94.1%

$5,403-94.2%

Provider

Service type

Compensation

RETIREMENT PLANOLOGY INC2 years

Filed as: RETIREMENT PLANOLOGY, INC

Service code 27 · EIN 46-5341130

Advisory (Plan)

$23,769

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Service code 13 · EIN 06-1050034

Contract Administrator

$10,970

NATIONAL COUNCIL ON AGING, INC 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL COUNCIL ON AGING, INC 403(B) PLAN

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