Retirement plan

BRONX PARENT HOUSING NETWORK 403(B) PLAN

Name: BRONX PARENT HOUSING NETWORK, INC. - BRONX PARENT HOUSING NETWORK 403(B) PLAN (2022) Form 5500
Creator: BRONX PARENT HOUSING NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRONX PARENT HOUSING NETWORK 403(B) PLAN, BRONX PARENT HOUSING NETWORK, INC.

BRONX PARENT HOUSING NETWORK, INC.EIN 13-4100758Plan #002PY 2022

488 E 164TH STREET, MANAGEMENT SUITE - BRONX, NY 10456347-271-8257

Prospect flagsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$3.5M

-6.6% from 2021

Total participants

559

+52.3% from 2021

Average account balance

$11,401

-3.5% from 2021

Annual return

-13.37%

-24.16 pp from 2021

Benchmarks

See 934 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort934 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.13M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

399

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.

46.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.33M

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

+10.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$154

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 8 by compensation

Provider	Service type	Compensation
BRONX PARENT HOUSING1 year Service code 13 488 E 16TH ST · BRONX, NY 10156	Contract Administrator	$23,000
THE BENEFIT PRACTICE1 year Service code 13 1055 WASHINGTON BLVD · STAMFORD, CT 06901	Contract Administrator	$14,475
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC Service code 27 PO BOX 509026 · SAN DIEGO, CA 92150	Advisory (Plan)	$9,108
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$4,401
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Service code 99 6504 BRIDGE POINT PKWY · AUSTIN, TX 78730	Other Fees	$1,361
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$260
INTAC ACTUARIAL SERVICES2 years Filed as: INTAC ACTUARIAL SERVICES INC Service code 11	Actuarial	$0
MORNINGSTAR2 years Filed as: MORNINGSTAR ASSOCIATES LLC Service code 99	Other Fees	$0

Plan features & details

Pension benefit codes2A2F2G2M2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$33K

$83 / participant

Contract admin$33K100.0%

% of EOY assets

0.954%

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: MAYER HOFFMAN MCCANN CPAS
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,401

$47,766-76.1%

$82,763-86.2%

$64,824-82.4%

Participation rate

35.5%

67.7%-32.2pp

72.6%-37.0pp

71.5%-36.0pp

Annual return

-13.37%

-13.06%-0.3pp

702.45%-715.8pp

32.84%-46.2pp

Employer contribution / active EE

$1,533

$2,182-29.7%

$3,008-49.0%

$2,507-38.9%

Participant deferral / active EE

$751

$3,332-77.5%

$4,395-82.9%

$4,311-82.6%

Admin fee / account holder

$109

$143-23.9%

$5,325-98.0%

$188-42.1%

Provider

Service type

Compensation

BRONX PARENT HOUSING1 year

Service code 13

488 E 16TH ST · BRONX, NY 10156

Contract Administrator

$23,000

THE BENEFIT PRACTICE1 year

Service code 13

1055 WASHINGTON BLVD · STAMFORD, CT 06901

Contract Administrator

$14,475

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL LLC

Service code 27

PO BOX 509026 · SAN DIEGO, CA 92150

Advisory (Plan)

$9,108

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$4,401

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Service code 99

6504 BRIDGE POINT PKWY · AUSTIN, TX 78730

Other Fees

$1,361

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$260

INTAC ACTUARIAL SERVICES2 years

Filed as: INTAC ACTUARIAL SERVICES INC

Service code 11

Actuarial

MORNINGSTAR2 years

Filed as: MORNINGSTAR ASSOCIATES LLC

Service code 99

Other Fees

BRONX PARENT HOUSING NETWORK 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRONX PARENT HOUSING NETWORK 403(B) 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