Retirement plan

WILLOWDALE CHAPEL 401(K) PROFIT SHARING PLAN

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

WILLOWDALE CHAPELEIN 23-2174798Plan #001PY 2023

675 UNIONVILLE RD - KENNETT SQUARE, PA 19348610-444-2670willowdalechapel.orgLinkedIn11-50 employeesreligious institutions

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

+30.0% from 2022

Total participants

-3.0% from 2022

Average account balance

$52,033

+21.7% from 2022

Annual return

21.81%

+42.61 pp from 2022

Benchmarks

See 41,808 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,808 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.73M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

147.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$117K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8155

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 codes2E2J2F2G2R3D

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).
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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$52,033

$96,678-46.2%

$86,640-39.9%

$139,466-62.7%

Participation rate

95.0%

74.4%+20.6pp

71.7%+23.3pp

80.3%+14.7pp

Annual return

21.81%

106.69%-84.9pp

592.52%-570.7pp

373.66%-351.9pp

Employer contribution / active EE

$1,944

$3,265-40.5%

$3,024-35.7%

$4,754-59.1%

Participant deferral / active EE

$3,163

$4,837-34.6%

$4,438-28.7%

$6,712-52.9%

Admin fee / account holder

$6,410-100.0%

$5,616-100.0%

$11,409-100.0%

WILLOWDALE CHAPEL 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

WILLOWDALE CHAPEL 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion