Retirement plan

CHURCH OF THE PENTECOST U.S.A., INC. PENSION 401 (K) PLAN

Name: CHURCH OF THE PENTECOST U.S.A., INC. - CHURCH OF THE PENTECOST U.S.A., INC. PENSION 401 (K) PLAN (2024) Form 5500
Creator: CHURCH OF THE PENTECOST U.S.A., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHURCH OF THE PENTECOST U.S.A., INC. PENSION 401 (K) PLAN, CHURCH OF THE PENTECOST U.S.A., INC.

CHURCH OF THE PENTECOST U.S.A., INC.EIN 13-3518705Plan #002PY 2024

621 E. 216TH STREET - BRONX, NY 10467718-515-5366

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.9M

+24.3% from 2023

Total participants

133

+3.1% from 2023

Average account balance

$60,501

+23.3% from 2023

Annual return

11.27%

-1.45 pp from 2023

Benchmarks

See 2,063 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,063 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.87M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

130

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$851K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$604

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$78,497
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: NEW YORK LIFE SECURITIES Service code 49 · EIN 27-0145686	Other Services	$25,584
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENTS MANAGEMENT Service code 26	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$78K

$595 / participant

Contract admin$78K100.0%

% of EOY assets

0.998%

all-in expense ratio

Categories reported

1 / 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

$60,501

$60,261+0.4%

$81,783-26.0%

$74,546-18.8%

Participation rate

97.7%

62.9%+34.9pp

72.4%+25.4pp

67.2%+30.5pp

Annual return

11.27%

16.88%-5.6pp

775.05%-763.8pp

1366.03%-1354.8pp

Employer contribution / active EE

$3,493

$2,622+33.2%

$2,913+19.9%

$2,624+33.1%

Participant deferral / active EE

$2,951

$3,388-12.9%

$4,320-31.7%

$4,347-32.1%

Admin fee / account holder

$604

$1,482-59.3%

$7,380-91.8%

$1,944-68.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$78,497

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: NEW YORK LIFE SECURITIES

Service code 49 · EIN 27-0145686

Other Services

$25,584

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENTS MANAGEMENT

Service code 26

Advisory (Participants)

CHURCH OF THE PENTECOST U.S.A., INC. PENSION 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHURCH OF THE PENTECOST U.S.A., INC. PENSION 401 (K) 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