Retirement plan

NORTH CITY CONGRESS, INC. MONEY PURCHASE PENSION PLAN

Name: NORTH CITY CONGRESS, INC. - NORTH CITY CONGRESS, INC. MONEY PURCHASE PENSION PLAN (2023) Form 5500
Creator: NORTH CITY CONGRESS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH CITY CONGRESS, INC. MONEY PURCHASE PENSION PLAN, NORTH CITY CONGRESS, INC.

NORTH CITY CONGRESS, INC.EIN 23-1636636Plan #003PY 2023

827 N. FRANKLIN ST. - PHILADELPHIA, PA 19123215-978-1300north-city.orgLinkedIn11-50 employeesreal estate

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$120K

-43.9% from 2022

Total participants

-16.1% from 2022

Average account balance

-100.0% from 2022

Annual return

-14.31%

-1.31 pp from 2022

Benchmarks

See 9,822 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,822 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$158K

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

65.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$542

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

+12.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167

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 codes2C2F2G2R3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$105K

$4037 / participant

Other / not subdivided$105K100.0%

% of EOY assets

87.158%

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

$57,285-100.0%

$86,605-100.0%

$75,173-100.0%

Participation rate

0.0%

63.2%-63.2pp

71.7%-71.7pp

67.2%-67.2pp

Annual return

-14.31%

2671.04%-2685.4pp

591.39%-605.7pp

160.65%-175.0pp

Employer contribution / active EE

$1,592

$2,315-31.2%

$3,023-47.3%

$2,670-40.4%

Participant deferral / active EE

$3,318-100.0%

$4,438-100.0%

$4,126-100.0%

Admin fee / account holder

$4,112-100.0%

$5,611-100.0%

$5,651-100.0%

NORTH CITY CONGRESS, INC. MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH CITY CONGRESS, INC. MONEY PURCHASE PENSION 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