Retirement plan

NATIONAL COUNCIL ON AGING, INC. 403(B) PLAN

Name: NATIONAL COUNCIL ON AGING, INC. - NATIONAL COUNCIL ON AGING, INC. 403(B) PLAN (2023) 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 2023

251 18TH STREET SOUTH SUITE 500 - ARLINGTON, VA 22202202-479-1200ncoa.orgLinkedIn51-200 employeesnon-profit organization management

Other plans on this EIN

1 filing

#001Retirement-$6.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14.5M

+20.6% from 2022

Total participants

129

+16.2% from 2022

Average account balance

$116,144

+7.1% from 2022

Annual return

20.88%

+36.02 pp from 2022

Benchmarks

See 9,806 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,806 peers

Snapshot2023

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 INC3 years Filed as: RETIREMENT PLANOLOGY, INC Service code 27 · EIN 46-5341130	Advisory (Plan)	$25,561
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 13 · EIN 06-1050034 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$12,345

Plan features & details

Pension benefit codes2F2G2M2T3D3F

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

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

$38K

$387 / participant

Investment mgmt$26K67.4%
Contract admin$12K32.6%

% of EOY assets

0.261%

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

$116,144

$57,330+102.6%

$86,656+34.0%

$75,177+54.5%

Participation rate

95.9%

63.2%+32.7pp

71.7%+24.2pp

67.2%+28.7pp

Annual return

20.88%

2675.40%-2654.5pp

593.09%-572.2pp

160.75%-139.9pp

Employer contribution / active EE

$6,083

$2,316+162.6%

$3,025+101.1%

$2,671+127.7%

Participant deferral / active EE

$8,560

$3,320+157.8%

$4,439+92.8%

$4,126+107.4%

Admin fee / account holder

$303

$4,115-92.6%

$5,619-94.6%

$5,651-94.6%

Provider

Service type

Compensation

RETIREMENT PLANOLOGY INC3 years

Filed as: RETIREMENT PLANOLOGY, INC

Service code 27 · EIN 46-5341130

Advisory (Plan)

$25,561

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 13 · EIN 06-1050034

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$12,345

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