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. (2023) 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 2023

1218 HARRIS ST. - CHARLOTTESVILLE, VA 22903434-296-2441LinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$169K assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+23.5% from 2022

Total participants

+2.9% from 2022

Average account balance

$51,707

+23.5% from 2022

Annual return

18.76%

+37.92 pp from 2022

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

$30K

$1788 / participant

Other / not subdivided$30K100.0%

% of EOY assets

1.729%

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

$51,707

$175,231-70.5%

$149,696-65.5%

$139,466-62.9%

Participation rate

88.2%

83.4%+4.8pp

78.8%+9.5pp

80.3%+7.9pp

Annual return

18.76%

166.77%-148.0pp

134.46%-115.7pp

373.66%-354.9pp

Employer contribution / active EE

$1,133

$5,478-79.3%

$4,821-76.5%

$4,754-76.2%

Participant deferral / active EE

$4,578

$6,521-29.8%

$5,682-19.4%

$6,712-31.8%

Admin fee / account holder

$894

$16,155-94.5%

$13,212-93.2%

$11,409-92.2%

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