Retirement plan

EXCEPTIONAL FAMILY RESOURCES 401(K) PLAN

Name: EXCEPTIONAL FAMILY RESOURCES, INC. - EXCEPTIONAL FAMILY RESOURCES 401(K) PLAN (2024) Form 5500
Creator: EXCEPTIONAL FAMILY RESOURCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EXCEPTIONAL FAMILY RESOURCES 401(K) PLAN, EXCEPTIONAL FAMILY RESOURCES, INC.

EXCEPTIONAL FAMILY RESOURCES, INC.EIN 16-1098311Plan #001PY 2024

1820 LEMOYNE AVENUE - SYRACUSE, NY 13208315-478-1462

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.3M

+18.5% from 2023

Total participants

361

-3.7% from 2023

Average account balance

$26,661

+11.9% from 2023

Annual return

20.44%

-6.17 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.33M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

125

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.

31.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$518K

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

+20.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$269

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 2 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH3 years Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS Service code 27 · EIN 39-1897480	Advisory (Plan)	$21,232
TRANSAMERICA RETIREMENT SOLUTIONS3 years Service code 15 · EIN 13-3689044	Recordkeeping	$11,512

Plan features & details

Pension benefit codes2F2G2J2K2T3D

Plan features

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 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

$34K

$98 / participant

Other / not subdivided$34K100.0%

% of EOY assets

1.009%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,661

$50,902-47.6%

$155,534-82.9%

$77,736-65.7%

Participation rate

31.2%

63.1%-31.9pp

78.2%-47.0pp

70.6%-39.4pp

Annual return

20.44%

34.85%-14.4pp

64.92%-44.5pp

31.26%-10.8pp

Employer contribution / active EE

$515

$1,991-74.1%

$4,675-89.0%

$2,728-81.1%

Participant deferral / active EE

$994

$2,824-64.8%

$5,630-82.3%

$4,651-78.6%

Admin fee / account holder

$269

$437-38.4%

$15,900-98.3%

$433-37.9%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH3 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS

Service code 27 · EIN 39-1897480

Advisory (Plan)

$21,232

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Service code 15 · EIN 13-3689044

Recordkeeping

$11,512

EXCEPTIONAL FAMILY RESOURCES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EXCEPTIONAL FAMILY RESOURCES 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