Retirement plan

403(B) THRIFT PLAN OF JOB PATH, INC.

Name: JOB PATH, INC. - 403(B) THRIFT PLAN OF JOB PATH, INC. (2021) Form 5500
Creator: JOB PATH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF JOB PATH, INC., JOB PATH, INC.

JOB PATH, INC.EIN 13-4038495Plan #002PY 2021

256 WEST 38TH STREET, 2ND FLOOR - NEW YORK, NY 10018212-944-0564jobpathnyc.orgLinkedIn51-200 employeesnon-profit organization management

Other plans on this EIN

1 filing

#001Retirement-$540K assets

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$4.5M

+36.5% from 2020

Total participants

242

+7.6% from 2020

Average account balance

$27,785

+5.4% from 2020

Annual return

30.10%

+29.65 pp from 2020

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.93M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

138

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.

40.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$516K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$17,598
KESTRA INVESTMENT SERVICES LLC4 years Filed as: KESTRA INVESTMENT SERVICES, LLC Service code 55 5707 SW PKWY, BLDG 2 · AUSTIN, TX 78735	Other Commissions	$16,855
ALLIANCE PENSION CONSULTANTS, LLC4 years Filed as: ALLIANT INSURANCE SERVICES, INC. Service code 13	Contract Administrator	$3,409
MUTUAL OF AMERICA INVESTMENT CORP1 year Filed as: MUTUAL OF AMERICA INVESTMENT CORP. Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Recordkeeping and information managem...	$211
ALLIANCE PENSION CONSULTANTS, LLC3 years Filed as: ALLIANT INSURANCE SERVICES Service code 13 PO BOX 22052 · NEW YORK, NY 100872052	Contract Administrator	$0

Plan features & details

Pension benefit codes2G2K2L3D

Plan features

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$18K

$102 / participant

Investment mgmt$18K100.0%

% of EOY assets

0.408%

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, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,785

$61,172-54.6%

$185,851-85.0%

$79,389-65.0%

Participation rate

55.6%

66.6%-11.1pp

81.7%-26.2pp

70.7%-15.2pp

Annual return

30.10%

19.45%+10.6pp

122.11%-92.0pp

116.89%-86.8pp

Employer contribution / active EE

$882

$2,321-62.0%

$5,168-82.9%

$2,428-63.7%

Participant deferral / active EE

$1,230

$2,788-55.9%

$5,569-77.9%

$4,046-69.6%

Admin fee / account holder

$113

$710-84.0%

$16,245-99.3%

$626-81.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$17,598

KESTRA INVESTMENT SERVICES LLC4 years

Filed as: KESTRA INVESTMENT SERVICES, LLC

Service code 55

5707 SW PKWY, BLDG 2 · AUSTIN, TX 78735

Other Commissions

$16,855

ALLIANCE PENSION CONSULTANTS, LLC4 years

Filed as: ALLIANT INSURANCE SERVICES, INC.

Service code 13

Contract Administrator

$3,409

MUTUAL OF AMERICA INVESTMENT CORP1 year

Filed as: MUTUAL OF AMERICA INVESTMENT CORP.

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Recordkeeping and information managem...

$211

ALLIANCE PENSION CONSULTANTS, LLC3 years

Filed as: ALLIANT INSURANCE SERVICES

Service code 13

PO BOX 22052 · NEW YORK, NY 100872052

Contract Administrator

403(B) THRIFT PLAN OF JOB PATH, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF JOB PATH, INC.

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