Retirement plan

ADVANCE HOUSING, INC. 401(K) PROFIT SHARING PLAN

Name: ADVANCE HOUSING, INC. - ADVANCE HOUSING, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: ADVANCE HOUSING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCE HOUSING, INC. 401(K) PROFIT SHARING PLAN, ADVANCE HOUSING, INC.

ADVANCE HOUSING, INC.EIN 22-3423159Plan #001PY 2023

64 E. MIDLAND AVE, SUITE 2 - PARAMUS, NJ 07652201-498-9140advancehousing.orgLinkedIn51-200 employeesmental health care

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.5M

+32.7% from 2022

Total participants

-36.0% from 2022

Average account balance

$30,508

+119.3% from 2022

Annual return

30.21%

+46.77 pp from 2022

Benchmarks

See 20,811 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,811 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.10M

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.

189.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67K

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

+9.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16302

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 codes2E2G2J2T3D

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$69K

$2289 / participant

Other / not subdivided$69K100.0%

% of EOY assets

4.594%

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

$30,508

$77,905-60.8%

$149,682-79.6%

$75,173-59.4%

Participation rate

80.0%

65.6%+14.4pp

78.8%+1.2pp

67.2%+12.8pp

Annual return

30.21%

31.72%-1.5pp

134.35%-104.1pp

160.65%-130.4pp

Employer contribution / active EE

$3,138-100.0%

$4,818-100.0%

$2,670-100.0%

Participant deferral / active EE

$2,840

$3,411-16.8%

$5,681-50.0%

$4,126-31.2%

Admin fee / account holder

$1,402

$5,957-76.5%

$13,210-89.4%

$5,651-75.2%

ADVANCE HOUSING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADVANCE HOUSING, INC. 401(K) 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