Retirement plan

THE CHURCH HOME OF THE PROTESTANT EPISCOPAL EMPLOYEES' RETIREMENT PLAN

Name: THE CHURCH HOME OF THE PROTESTANT EPISCOPAL CHURCH - THE CHURCH HOME OF THE PROTESTANT EPISCOPAL EMPLOYEES' RETIREMENT PLAN (2024) Form 5500
Creator: THE CHURCH HOME OF THE PROTESTANT EPISCOPAL CHURCH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CHURCH HOME OF THE PROTESTANT EPISCOPAL EMPLOYEES' RETIREMENT PLAN, THE CHURCH HOME OF THE PROTESTANT EPISCOPAL CHURCH

THE CHURCH HOME OF THE PROTESTANT EPISCOPAL CHURCHEIN 16-0743962Plan #002PY 2024

505 MOUNT HOPE AVENUE - ROCHESTER, NY 146202251585-546-8400LinkedIn501-1000 employeeshospital & health care

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$14.1M

+8.0% from 2023

Total participants

992

-13.4% from 2023

Average account balance

$14,846

+24.4% from 2023

Annual return

10.94%

-4.81 pp from 2023

Benchmarks

See 4,141 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,141 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$14.06M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

947

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.

92.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.82M

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

+10.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$243

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP10+ years Filed as: BURKE GROUP Service code 15 · EIN 80-0688755	Recordkeeping	$193,009
ALESCO ADVISORS10+ years Filed as: ALESCO ADVISORS LLC Service code 27 120 OFFICE PARK WAY · PITTSFORD, NY 14534	Advisory (Plan)	$33,460
BONADIO & CO., LLP10+ years Service code 10 · EIN 16-1131146 3831 SULLY'S TRAIL · PITTSFORD, NY 14534	Accounting	$4,055
NEWPORT GROUP, INC.4 years Service code 21 · EIN 27-2037969	Bank Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2T2J2K3D2A

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).
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.
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.
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

2 tripped

OpportunityLow returns
Annual investment return 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

$231K

$410 / participant

Recordkeeping$5000.2%
Investment mgmt$33K14.5%
Other trustee fees$4K1.8%
Contract admin$193K83.5%

% of EOY assets

1.640%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FUSTCHARLES LLP
Auditor EIN: 161226221
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,846

$50,815-70.8%

$155,509-90.5%

$77,643-80.9%

Participation rate

92.0%

63.1%+28.9pp

78.2%+13.8pp

70.6%+21.4pp

Annual return

10.94%

34.80%-23.9pp

64.67%-53.7pp

31.24%-20.3pp

Employer contribution / active EE

$1,006

$1,993-49.5%

$4,672-78.5%

$2,726-63.1%

Participant deferral / active EE

$2,234

$2,822-20.8%

$5,626-60.3%

$4,647-51.9%

Admin fee / account holder

$243

$437-44.3%

$15,912-98.5%

$430-43.4%

Provider

Service type

Compensation

USI CONSULTING GROUP10+ years

Filed as: BURKE GROUP

Service code 15 · EIN 80-0688755

Recordkeeping

$193,009

ALESCO ADVISORS10+ years

Filed as: ALESCO ADVISORS LLC

Service code 27

120 OFFICE PARK WAY · PITTSFORD, NY 14534

Advisory (Plan)

$33,460

BONADIO & CO., LLP10+ years

Service code 10 · EIN 16-1131146

3831 SULLY'S TRAIL · PITTSFORD, NY 14534

Accounting

$4,055

NEWPORT GROUP, INC.4 years

Service code 21 · EIN 27-2037969

Bank Trustee

THE CHURCH HOME OF THE PROTESTANT EPISCOPAL EMPLOYEES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CHURCH HOME OF THE PROTESTANT EPISCOPAL EMPLOYEES' RETIREMENT 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