Retirement plan

SPIRIT OF AMERICA WORLDWIDE 403(B) PLAN

Name: SPIRIT OF AMERICA WORLDWIDE - SPIRIT OF AMERICA WORLDWIDE 403(B) PLAN (2023) Form 5500
Creator: SPIRIT OF AMERICA WORLDWIDE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPIRIT OF AMERICA WORLDWIDE 403(B) PLAN, SPIRIT OF AMERICA WORLDWIDE

SPIRIT OF AMERICA WORLDWIDEEIN 20-1687786Plan #001PY 2023

3033 WILSON BLVD, SUITE 700 - ARLINGTON, VA 22201757-339-7476spiritofamerica.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+71.3% from 2022

Total participants

+30.8% from 2022

Average account balance

$36,188

+23.4% from 2022

Annual return

22.22%

+41.14 pp from 2022

Benchmarks

See 9,806 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,806 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.55M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

139.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$612K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+19.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4397

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2S2M3D2G2F2T

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$32K

$820 / participant

Other / not subdivided$32K100.0%

% of EOY assets

1.767%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,188

$57,330-36.9%

$86,656-58.2%

$75,177-51.9%

Participation rate

97.4%

63.2%+34.2pp

71.7%+25.7pp

67.2%+30.2pp

Annual return

22.22%

2675.40%-2653.2pp

593.09%-570.9pp

160.75%-138.5pp

Employer contribution / active EE

$4,822

$2,316+108.2%

$3,025+59.4%

$2,671+80.5%

Participant deferral / active EE

$9,108

$3,320+174.3%

$4,439+105.2%

$4,126+120.7%

Admin fee / account holder

$640

$4,115-84.5%

$5,619-88.6%

$5,651-88.7%

SPIRIT OF AMERICA WORLDWIDE 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPIRIT OF AMERICA WORLDWIDE 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