Retirement plan

FAMILY LINK OF ESSEX & UNION COUNTIES, INC. PROFIT SHARING PLAN

Name: FAMILY LINK, INC. - FAMILY LINK OF ESSEX & UNION COUNTIES, INC. PROFIT SHARING PLAN (2018) Form 5500
Creator: FAMILY LINK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY LINK OF ESSEX & UNION COUNTIES, INC. PROFIT SHARING PLAN, FAMILY LINK, INC.

FAMILY LINK, INC.EIN 22-3262213Plan #001PY 2018

2333 MORRIS AVENUE, SUITE A-20 - UNION, NJ 07083908-964-5303familylinknj.orgLinkedIn11-50 employees

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+15.5% from 2017

Total participants

+3.8% from 2017

Average account balance

$49,719

+6.6% from 2017

Annual return

7.85%

-3.38 pp from 2017

Benchmarks

See 105,557 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,557 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.87M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

131.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$842

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

+0.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6574

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 codes2E2G3D

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.
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.)
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

$32K

$1597 / participant

Other / not subdivided$32K100.0%

% of EOY assets

2.471%

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

$49,719

$180,459-72.4%

$154,108-67.7%

$135,380-63.3%

Participation rate

95.0%

87.4%+7.6pp

83.0%+12.0pp

82.6%+12.4pp

Annual return

7.85%

888.21%-880.4pp

735.21%-727.4pp

519.81%-512.0pp

Employer contribution / active EE

$3,408

$6,035-43.5%

$5,298-35.7%

$4,779-28.7%

Participant deferral / active EE

$2,445

$5,806-57.9%

$5,081-51.9%

$5,609-56.4%

Admin fee / account holder

$1,228

$16,145-92.4%

$13,411-90.8%

$10,828-88.7%

FAMILY LINK OF ESSEX & UNION COUNTIES, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY LINK OF ESSEX & UNION COUNTIES, INC. PROFIT SHARING 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