Retirement plan

OVERBROOK FRIEDLANDER PROGRAMS 403(B) RETIREMENT PLAN

Name: OVERBROOK FRIEDLANDER PROGRAMS - OVERBROOK FRIEDLANDER PROGRAMS 403(B) RETIREMENT PLAN (2022) Form 5500
Creator: OVERBROOK FRIEDLANDER PROGRAMS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OVERBROOK FRIEDLANDER PROGRAMS 403(B) RETIREMENT PLAN, OVERBROOK FRIEDLANDER PROGRAMS

OVERBROOK FRIEDLANDER PROGRAMSEIN 23-2469202Plan #001PY 2022

1900 WYNNEWOOD RD - PHILADELPHIA, PA 19151215-877-0073philadelphia.pa.networkofcare.orgLinkedIn51-200 employees

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.4M

-11.0% from 2021

Total participants

138

-4.2% from 2021

Average account balance

$18,173

-5.0% from 2021

Annual return

-14.43%

-25.39 pp from 2021

Benchmarks

See 9,364 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,364 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.41M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

126

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$325K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$381

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 4 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC2 years Filed as: NFP RETIREMENT INC. Service code 33 · EIN 33-0905143 120 VANTIS SUITE 400 · ALISO VIEJO, CA 92656	Securities brokerage	$20,114
NATIONWIDE8+ years Filed as: NATIONWIDE FINANCIAL Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$12,839
NFP RETIREMENT INC8+ years Filed as: NFP Service code 14 · EIN 13-4096969 2600 KELLY ROAD · WARRINGTON, PA 18976	Plan Administrator	$6,515
BRINKER CAPITAL1 year Filed as: BRINKER CAPITAL INVESTMENTS Service code 26 · EIN 13-4109249 17605 WRIGHT STREET · OMAHA, NE 68130	Advisory (Participants)	$4,453

Plan features & details

Pension benefit codes2F2G2K2M2T

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$44K

$448 / participant

Investment mgmt$27K60.6%
Contract admin$17K39.4%

% of EOY assets

1.804%

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: TAIT, WELLER & BAKER LLP
Auditor EIN: 231144520
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,173

$54,357-66.6%

$82,706-78.0%

$68,495-73.5%

Participation rate

95.9%

63.9%+32.0pp

72.6%+23.4pp

67.9%+28.0pp

Annual return

-14.43%

-13.67%-0.8pp

701.76%-716.2pp

-7.84%-6.6pp

Employer contribution / active EE

$1,927

$2,218-13.1%

$3,007-35.9%

$2,596-25.8%

Participant deferral / active EE

$1,235

$3,246-61.9%

$4,394-71.9%

$4,028-69.3%

Admin fee / account holder

$328

$4,396-92.5%

$5,329-93.8%

$5,403-93.9%

Provider

Service type

Compensation

NFP RETIREMENT INC2 years

Filed as: NFP RETIREMENT INC.

Service code 33 · EIN 33-0905143

120 VANTIS SUITE 400 · ALISO VIEJO, CA 92656

Securities brokerage

$20,114

NATIONWIDE8+ years

Filed as: NATIONWIDE FINANCIAL

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$12,839

NFP RETIREMENT INC8+ years

Filed as: NFP

Service code 14 · EIN 13-4096969

2600 KELLY ROAD · WARRINGTON, PA 18976

Plan Administrator

$6,515

BRINKER CAPITAL1 year

Filed as: BRINKER CAPITAL INVESTMENTS

Service code 26 · EIN 13-4109249

17605 WRIGHT STREET · OMAHA, NE 68130

Advisory (Participants)

$4,453

OVERBROOK FRIEDLANDER PROGRAMS 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OVERBROOK FRIEDLANDER PROGRAMS 403(B) 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