Retirement plan

403(B) THRIFT PLAN OF MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CONNECTICUT, INC.

Name: MUTUAL HOUSING ASSOCIATION OF - 403(B) THRIFT PLAN OF MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CONNECTICUT, INC. (2023) Form 5500
Creator: MUTUAL HOUSING ASSOCIATION OF
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CONNECTICUT, INC., MUTUAL HOUSING ASSOCIATION OF

MUTUAL HOUSING ASSOCIATION OFEIN 22-3035152Plan #001PY 2023

PO BOX 704 - FAIRFIELD, CT 068240704203-359-6940mutualhousing.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$266K

+26.5% from 2022

Total participants

+62.5% from 2022

Average account balance

$37,930

+44.6% from 2022

Annual return

10.63%

+27.03 pp from 2022

Benchmarks

See 19,279 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort19,279 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$410K

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

30.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$59K

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

+10.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$47

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$508

$51 / participant

Other / not subdivided$508100.0%

% of EOY assets

0.191%

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

$37,930

$202,440-81.3%

$169,390-77.6%

$139,466-72.8%

Participation rate

40.0%

81.1%-41.1pp

77.2%-37.2pp

80.3%-40.3pp

Annual return

10.63%

532.36%-521.7pp

406.07%-395.4pp

373.66%-363.0pp

Employer contribution / active EE

$4,693-100.0%

$4,013-100.0%

$4,754-100.0%

Participant deferral / active EE

$3,371

$6,940-51.4%

$6,222-45.8%

$6,712-49.8%

Admin fee / account holder

$73

$10,722-99.3%

$9,015-99.2%

$11,409-99.4%

403(B) THRIFT PLAN OF MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CONNECTICUT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CONNECTICUT, INC.

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