Retirement plan

CHILDREN'S HOME OF JEFFERSON COUNTY 401(K) PLAN

Name: CHILDREN'S HOME OF JEFFERSON COUNTY - CHILDREN'S HOME OF JEFFERSON COUNTY 401(K) PLAN (2022) Form 5500
Creator: CHILDREN'S HOME OF JEFFERSON COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHILDREN'S HOME OF JEFFERSON COUNTY 401(K) PLAN, CHILDREN'S HOME OF JEFFERSON COUNTY

CHILDREN'S HOME OF JEFFERSON COUNTYEIN 15-0532089Plan #004PY 2022

P.O. BOX 6550, 1704 STATE STREET - WATERTOWN, NY 13601315-788-7430

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$2.7M

-12.4% from 2021

Total participants

232

-15.9% from 2021

Average account balance

$13,820

+0.2% from 2021

Annual return

-15.85%

-44.47 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.04M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

154

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.

71.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$396K

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

+12.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$252

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290	Contract Administrator	$23,552
VARIABLE CONTRACT AGENCY LLC2 years Service code 49 · EIN 84-3853085	Other Services	$12,926
WILSHIRE ASSOCIATES INCORPORATED3 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

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

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

$24K

$167 / participant

Contract admin$24K100.0%

% of EOY assets

0.870%

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: BOWERS & COMPANY, CPAS, PLLC
Auditor EIN: 201317788
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,820

$65,125-78.8%

$143,797-90.4%

$66,949-79.4%

Participation rate

74.5%

65.2%+9.3pp

80.3%-5.9pp

69.8%+4.6pp

Annual return

-15.85%

-11.13%-4.7pp

-0.04%-15.8pp

1.57%-17.4pp

Employer contribution / active EE

$1,491

$2,362-36.9%

$4,952-69.9%

$2,545-41.4%

Participant deferral / active EE

$1,829

$2,920-37.4%

$5,638-67.6%

$4,239-56.8%

Admin fee / account holder

$120

$503-76.1%

$14,679-99.2%

$594-79.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$23,552

VARIABLE CONTRACT AGENCY LLC2 years

Service code 49 · EIN 84-3853085

Other Services

$12,926

WILSHIRE ASSOCIATES INCORPORATED3 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

CHILDREN'S HOME OF JEFFERSON COUNTY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHILDREN'S HOME OF JEFFERSON COUNTY 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