Retirement plan

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

Name: JOB PATH, INC. - 403(B) THRIFT PLAN OF JOB PATH, INC. (2023) 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 2023

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--

Prospect flagsLow returnsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$4.2M

+0.2% from 2022

Total participants

245

+4.3% from 2022

Average account balance

$33,635

-7.8% from 2022

Annual return

9.01%

+23.19 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,210
KESTRA INVESTMENT SERVICES LLC6 years Filed as: KESTRA INVESTMENT SERVICES, LLC Service code 55	Other Commissions	$16,026
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Filed as: GALLAGHER BENEFIT SERVICES Service code 27 1100 SUPERIOR AVENUE · CLEVELAND, OH 44114	Advisory (Plan)	$4,524
TRIAD ADVISORS INC1 year Service code 55 5185 PEACHTREE PKWY #280 · NORCROSS, GA 300926541	Other Commissions	$4,524
ALLIANCE PENSION CONSULTANTS, LLC6 years Filed as: ALLIANT INSURANCE SERVICES, INC. Service code 10	Accounting	$3,423
ALLIANCE PENSION CONSULTANTS, LLC5 years Filed as: ALLIANT INSURANCE SERVICES Service code 13 101 PARK AVENUE · NEW YORK, NY 10178	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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$22K

$118 / participant

Investment mgmt$22K100.0%

% of EOY assets

0.521%

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

$33,635

$61,391-45.2%

$149,723-77.5%

$71,529-53.0%

Participation rate

35.1%

62.5%-27.4pp

78.8%-43.6pp

67.9%-32.8pp

Annual return

9.01%

35.88%-26.9pp

134.50%-125.5pp

28.97%-20.0pp

Employer contribution / active EE

$864

$2,384-63.7%

$4,821-82.1%

$2,590-66.6%

Participant deferral / active EE

$1,381

$2,921-52.7%

$5,682-75.7%

$4,291-67.8%

Admin fee / account holder

$175

$1,264-86.1%

$13,215-98.7%

$1,588-89.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,210

KESTRA INVESTMENT SERVICES LLC6 years

Filed as: KESTRA INVESTMENT SERVICES, LLC

Service code 55

Other Commissions

$16,026

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Filed as: GALLAGHER BENEFIT SERVICES

Service code 27

1100 SUPERIOR AVENUE · CLEVELAND, OH 44114

Advisory (Plan)

$4,524

TRIAD ADVISORS INC1 year

Service code 55

5185 PEACHTREE PKWY #280 · NORCROSS, GA 300926541

Other Commissions

$4,524

ALLIANCE PENSION CONSULTANTS, LLC6 years

Filed as: ALLIANT INSURANCE SERVICES, INC.

Service code 10

Accounting

$3,423

ALLIANCE PENSION CONSULTANTS, LLC5 years

Filed as: ALLIANT INSURANCE SERVICES

Service code 13

101 PARK AVENUE · NEW YORK, NY 10178

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