Retirement plan

ACTIONAIDS, INC. 403(B) RETIREMENT PLAN

Name: ACTIONAIDS, INC. DBAACTION WELLNESS - ACTIONAIDS, INC. 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: ACTIONAIDS, INC. DBAACTION WELLNESS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACTIONAIDS, INC. 403(B) RETIREMENT PLAN, ACTIONAIDS, INC. DBAACTION WELLNESS

ACTIONAIDS, INC. DBAACTION WELLNESSEIN 23-2446355Plan #001PY 2023

1216 ARCH STREET, 6TH FLOOR - PHILADELPHIA, PA 19107215-981-3313

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$3.4M

+2.6% from 2022

Total participants

148

-2.6% from 2022

Average account balance

$28,008

+4.3% from 2022

Annual return

11.86%

+27.28 pp from 2022

Benchmarks

See 1,919 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,919 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.68M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

117

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.

76.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$249K

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

+13.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$68

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE8+ years Service code 15 · EIN 31-4156830	Recordkeeping	$32,746
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MML INVESTORS SERVICES LLC Service code 15 PO BOX9500 · SPRINGFIELD, MA 011028089	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2G2J2L2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BBD, LLP
Auditor EIN: 232896692
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,008

$58,264-51.9%

$86,617-67.7%

$71,495-60.8%

Participation rate

72.3%

65.0%+7.3pp

71.7%+0.6pp

67.9%+4.3pp

Annual return

11.86%

21.63%-9.8pp

591.91%-580.1pp

28.85%-17.0pp

Employer contribution / active EE

$631

$2,574-75.5%

$3,023-79.1%

$2,589-75.7%

Participant deferral / active EE

$2,357

$3,436-31.4%

$4,437-46.9%

$4,291-45.1%

Admin fee / account holder

$1,057-100.0%

$5,613-100.0%

$1,588-100.0%

Provider

Service type

Compensation

NATIONWIDE8+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$32,746

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MML INVESTORS SERVICES LLC

Service code 15

PO BOX9500 · SPRINGFIELD, MA 011028089

Recordkeeping

ACTIONAIDS, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ACTIONAIDS, INC. 403(B) RETIREMENT 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