Retirement plan

403(B) THRIFT PLAN OF FAMILY CHILDREN S SERVICE, INC. OF MONMOUTH COUNTY

Name: FAMILY CHILDREN S SERVICE, INC. OF MONMOUTH COUNTY - 403(B) THRIFT PLAN OF FAMILY CHILDREN S SERVICE, INC. OF MONMOUTH COUNTY (2020) Form 5500
Creator: FAMILY CHILDREN S SERVICE, INC. OF MONMOUTH COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF FAMILY CHILDREN S SERVICE, INC. OF MONMOUTH COUNTY, FAMILY CHILDREN S SERVICE, INC. OF MONMOUTH COUNTY

FAMILY CHILDREN S SERVICE, INC. OF MONMOUTH COUNTYEIN 21-0650674Plan #002PY 2020

PO BOX 505 - LONG BRANCH, NJ 077400505732-222-9111facsnj.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1M

-10.4% from 2019

Total participants

+15.9% from 2019

Average account balance

$20,484

-24.7% from 2019

Annual return

7.21%

-49.34 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.52M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

142.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$98K

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

+15.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1531

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 codes2F2G2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$257K

$9169 / participant

Other / not subdivided$257K100.0%

% of EOY assets

25.067%

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

$20,484

$91,198-77.5%

$178,503-88.5%

$79,856-74.3%

Participation rate

96.4%

69.2%+27.2pp

81.9%+14.5pp

69.6%+26.8pp

Annual return

7.21%

24.20%-17.0pp

151.12%-143.9pp

31.71%-24.5pp

Employer contribution / active EE

$637

$3,257-80.4%

$5,011-87.3%

$2,471-74.2%

Participant deferral / active EE

$1,327

$3,237-59.0%

$5,202-74.5%

$3,741-64.5%

Admin fee / account holder

$5,135

$6,748-23.9%

$13,987-63.3%

$5,306-3.2%

403(B) THRIFT PLAN OF FAMILY CHILDREN S SERVICE, INC. OF MONMOUTH COUNTY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF FAMILY CHILDREN S SERVICE, INC. OF MONMOUTH COUNTY

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