Retirement plan

SEARCH FOR CHANGE, INC. 401K PLAN

Name: SEARCH FOR CHANGE, INC. - SEARCH FOR CHANGE, INC. 401K PLAN (2016) Form 5500
Creator: SEARCH FOR CHANGE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEARCH FOR CHANGE, INC. 401K PLAN, SEARCH FOR CHANGE, INC.

SEARCH FOR CHANGE, INC.EIN 13-2893548Plan #013PY 2016

115 E STEVENS AVENUE, #203 - VALHALLA, NY 10595914-428-5600searchforchange.orgLinkedIn51-200 employeesmental health care

Other plans on this EIN

1 filing

#012Retirement-$322K assets

Prospect flagsRecently reached 100 employees

How to read this page

Total assets (EOY)

$2.9M

+8.9% from 2015

Total participants

140

+6.1% from 2015

Average account balance

$26,702

+0.7% from 2015

Annual return

8.62%

+7.89 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.31M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

106

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.

67.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$327K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$436

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

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 codes2E2F2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing 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.
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.
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

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

$674

$6 / participant

Contract admin$47470.3%
Other / not subdivided$20029.7%

% of EOY assets

0.024%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PKF O'CONNOR DAVIES
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,702

$46,732-42.9%

$156,551-82.9%

$55,167-51.6%

Participation rate

71.6%

65.8%+5.8pp

84.0%-12.5pp

69.0%+2.6pp

Annual return

8.62%

17.72%-9.1pp

32.23%-23.6pp

169.23%-160.6pp

Employer contribution / active EE

$1,293

$2,105-38.6%

$5,501-76.5%

$1,963-34.1%

Participant deferral / active EE

$1,266

$2,204-42.6%

$4,871-74.0%

$3,054-58.6%

Admin fee / account holder

$418-98.5%

$13,028-100.0%

$504-98.7%

SEARCH FOR CHANGE, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEARCH FOR CHANGE, INC. 401K 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