Retirement plan

SEARCH FOR CHANGE, INC. 401K PLAN

Name: SEARCH FOR CHANGE, INC. - SEARCH FOR CHANGE, INC. 401K PLAN (2021) 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 2021

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

Other plans on this EIN

1 filing

#012Retirement--

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.6M

+20.5% from 2020

Total participants

139

+2.2% from 2020

Average account balance

$49,816

+19.4% from 2020

Annual return

15.22%

-0.06 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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

Top 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK LIFE INS CO OF NY Service code 15 · EIN 13-3646501	Recordkeeping	$1,063

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

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

Contract admin$37K98.4%
Other / not subdivided$6001.6%

% of EOY assets

0.673%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,816

$95,406-47.8%

$185,849-73.2%

$85,847-42.0%

Participation rate

73.5%

68.8%+4.7pp

81.7%-8.2pp

69.3%+4.2pp

Annual return

15.22%

23.59%-8.4pp

122.10%-106.9pp

318.61%-303.4pp

Employer contribution / active EE

$1,759

$3,314-46.9%

$5,169-66.0%

$2,565-31.4%

Participant deferral / active EE

$1,533

$3,424-55.2%

$5,569-72.5%

$3,952-61.2%

Admin fee / account holder

$335

$7,214-95.4%

$16,244-97.9%

$6,261-94.6%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK LIFE INS CO OF NY

Service code 15 · EIN 13-3646501

Recordkeeping

$1,063

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