Retirement plan

INTERACT RETIREMENT PLAN

Name: INTERCOMMUNITY ACTION, INC. - INTERACT RETIREMENT PLAN (2023) Form 5500
Creator: INTERCOMMUNITY ACTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERACT RETIREMENT PLAN, INTERCOMMUNITY ACTION, INC.

INTERCOMMUNITY ACTION, INC.EIN 23-1875249Plan #003PY 2023

6012 RIDGE AVENUE - PHILADELPHIA, PA 19128215-487-0904intercommunityaction.orgLinkedIn201-500 employeesindividual & family services

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$6.7M

+9.9% from 2022

Total participants

264

+6.5% from 2022

Average account balance

$29,836

+5.0% from 2022

Annual return

8.69%

+18.54 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.15M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

271

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.

79.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$570K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969	Contract Administrator	$22,829
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 1200 HOWARD BLVD. · MT. LAUREL, NJ 08054	Advisory (Plan)	$18,095

Plan features & details

Pension benefit codes2E2F2H2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing 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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$43K

$239 / participant

Investment mgmt$18K42.6%
Contract admin$23K53.7%
Other / not subdivided$2K3.7%

% of EOY assets

0.639%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DUNLAPSLK
Auditor EIN: 233018514
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,836

$61,391-51.4%

$149,723-80.1%

$71,529-58.3%

Participation rate

77.0%

62.5%+14.4pp

78.8%-1.8pp

67.9%+9.0pp

Annual return

8.69%

35.88%-27.2pp

134.50%-125.8pp

28.97%-20.3pp

Employer contribution / active EE

$1,071

$2,384-55.1%

$4,821-77.8%

$2,590-58.6%

Participant deferral / active EE

$1,719

$2,921-41.1%

$5,682-69.7%

$4,291-59.9%

Admin fee / account holder

$191

$1,264-84.9%

$13,215-98.6%

$1,588-88.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Service code 13 · EIN 27-2037969

Contract Administrator

$22,829

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH RETIREMENT & BENEFIT

Service code 27

1200 HOWARD BLVD. · MT. LAUREL, NJ 08054

Advisory (Plan)

$18,095

INTERACT RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERACT RETIREMENT 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