Retirement plan

EMPLOYEE BENEFIT PLAN OF OFFENDER AID AND RESTORATION OF CHARLOTTESVILLE - ALBEMARLE, INC.

Name: OFFENDER AID AND RESTORATION OF CHARLOTTESVILLE - ALBEMARLE, INC. - EMPLOYEE BENEFIT PLAN OF OFFENDER AID AND RESTORATION OF CHARLOTTESVILLE - ALBEMARLE, INC. (2022) Form 5500
Creator: OFFENDER AID AND RESTORATION OF CHARLOTTESVILLE - ALBEMARLE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF OFFENDER AID AND RESTORATION OF CHARLOTTESVILLE - ALBEMARLE, INC., OFFENDER AID AND RESTORATION OF CHARLOTTESVILLE - ALBEMARLE, INC.

OFFENDER AID AND RESTORATION OF CHARLOTTESVILLE - ALBEMARLE, INC.EIN 23-7382389Plan #001PY 2022

750 HARRIS ST STE 207 - CHARLOTTESVILLE, VA 229034500434-296-2441LinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$163K assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

-14.9% from 2021

Total participants

-2.8% from 2021

Average account balance

$41,879

-9.9% from 2021

Annual return

-19.16%

-36.67 pp from 2021

Benchmarks

See 105,950 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,950 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.97M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$119K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5158

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 codes2F2G3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$37K

$2077 / participant

Other / not subdivided$37K100.0%

% of EOY assets

2.626%

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

$41,879

$167,362-75.0%

$143,799-70.9%

$134,532-68.9%

Participation rate

94.4%

84.8%+9.6pp

80.3%+14.1pp

81.2%+13.2pp

Annual return

-19.16%

0.47%-19.6pp

-0.04%-19.1pp

418.27%-437.4pp

Employer contribution / active EE

$1,191

$5,620-78.8%

$4,952-75.9%

$4,741-74.9%

Participant deferral / active EE

$4,852

$6,447-24.7%

$5,638-14.0%

$6,401-24.2%

Admin fee / account holder

$1,100

$18,094-93.9%

$14,677-92.5%

$11,429-90.4%

EMPLOYEE BENEFIT PLAN OF OFFENDER AID AND RESTORATION OF CHARLOTTESVILLE - ALBEMARLE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF OFFENDER AID AND RESTORATION OF CHARLOTTESVILLE - ALBEMARLE, INC.

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