Retirement plan

MOVEMENT STRATEGY CENTER 403(B) PLAN

Name: MOVEMENT STRATEGY CENTER - MOVEMENT STRATEGY CENTER 403(B) PLAN (2022) Form 5500
Creator: MOVEMENT STRATEGY CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOVEMENT STRATEGY CENTER 403(B) PLAN, MOVEMENT STRATEGY CENTER

MOVEMENT STRATEGY CENTEREIN 20-1037643Plan #001PY 2022

1625 CLAY STREET 6TH FLOOR - OAKLAND, CA 94612510-444-0640movementstrategy.orgLinkedIn11-50 employeesprogram development

Prospect flagsLow participationLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$944K

+1.7% from 2021

Total participants

180

+48.8% from 2021

Average account balance

$17,169

-11.3% from 2021

Annual return

-17.51%

-31.34 pp from 2021

Benchmarks

See 1,742 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,742 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.35M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

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.

25.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$238K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$875

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE3 years Filed as: NATIONWIDE TRUST COMPANY Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$8,106
PRIMARK BENEFITS2 years Service code 12 · EIN 94-2320862 1810 GATEWAY DRIVE, SUITE 230 · SAN MATEO, CA 94404	Claims processing; Distribution (12b-...	$3,458
BRINKER CAPITAL2 years Filed as: BRINKER CAPITAL & CLS INVESTMENTS Service code 27 · EIN 13-4109249 17605 WRIGHT ST. · OMAHA, NE 68130	Advisory (Plan)	$1,231
LPL FINANCIAL2 years Filed as: LPL FINANCIAL, LLC Service code 27 · EIN 99-0000000 4707 EXECUTIVE DR. · SAN DIEGO, CA 92121	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2F2G2T3D2L

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$13K

$87 / participant

Other / not subdivided$13K100.0%

% of EOY assets

1.358%

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: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,169

$51,226-66.5%

$82,744-79.3%

$66,938-74.4%

Participation rate

15.0%

67.9%-52.9pp

72.6%-57.6pp

69.8%-54.8pp

Annual return

-17.51%

-9.61%-7.9pp

702.22%-719.7pp

1.58%-19.1pp

Employer contribution / active EE

$360

$2,612-86.2%

$3,008-88.0%

$2,545-85.9%

Participant deferral / active EE

$1,208

$3,460-65.1%

$4,395-72.5%

$4,238-71.5%

Admin fee / account holder

$233

$416-43.9%

$5,325-95.6%

$594-60.7%

Provider

Service type

Compensation

NATIONWIDE3 years

Filed as: NATIONWIDE TRUST COMPANY

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$8,106

PRIMARK BENEFITS2 years

Service code 12 · EIN 94-2320862

1810 GATEWAY DRIVE, SUITE 230 · SAN MATEO, CA 94404

Claims processing; Distribution (12b-...

$3,458

BRINKER CAPITAL2 years

Filed as: BRINKER CAPITAL & CLS INVESTMENTS

Service code 27 · EIN 13-4109249

17605 WRIGHT ST. · OMAHA, NE 68130

Advisory (Plan)

$1,231

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL, LLC

Service code 27 · EIN 99-0000000

4707 EXECUTIVE DR. · SAN DIEGO, CA 92121

Advisory (Plan)

MOVEMENT STRATEGY CENTER 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOVEMENT STRATEGY CENTER 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