Retirement plan

THE ARC OF NORTHEASTERN PENNSYLVANIA RETIREMENT PLAN

Name: THE ARC OF NORTHEASTERN PENNSYLVANIA - THE ARC OF NORTHEASTERN PENNSYLVANIA RETIREMENT PLAN (2022) Form 5500
Creator: THE ARC OF NORTHEASTERN PENNSYLVANIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ARC OF NORTHEASTERN PENNSYLVANIA RETIREMENT PLAN, THE ARC OF NORTHEASTERN PENNSYLVANIA

THE ARC OF NORTHEASTERN PENNSYLVANIAEIN 24-0838702Plan #001PY 2022

115 MEADOW AVE - SCRANTON, PA 185052168570-346-4010LinkedIn201-500 employeesindividual & family services

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$1.9M

-17.0% from 2021

Total participants

121

-4.7% from 2021

Average account balance

$17,177

-21.4% from 2021

Annual return

-8.79%

-27.83 pp from 2021

Benchmarks

See 5,349 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,349 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.60M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

102.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$232K

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

+10.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2190

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

Top 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290	Contract Administrator	$25,535
TBS AGENCY INC5 years Service code 49 · EIN 52-1473914	Other Services	$4,240

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$26K

$234 / participant

Contract admin$26K100.0%

% of EOY assets

1.327%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BARBETTI MCHALE, LLC
Auditor EIN: 272871459
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,177

$65,092-73.6%

$143,799-88.1%

$66,938-74.3%

Participation rate

91.7%

65.2%+26.5pp

80.3%+11.4pp

69.8%+21.9pp

Annual return

-8.79%

-11.14%+2.3pp

-0.04%-8.7pp

1.58%-10.4pp

Employer contribution / active EE

$2,096

$2,362-11.2%

$4,952-57.7%

$2,545-17.6%

Participant deferral / active EE

$597

$2,920-79.6%

$5,638-89.4%

$4,238-85.9%

Admin fee / account holder

$228

$502-54.6%

$14,677-98.4%

$594-61.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$25,535

TBS AGENCY INC5 years

Service code 49 · EIN 52-1473914

Other Services

$4,240

THE ARC OF NORTHEASTERN PENNSYLVANIA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ARC OF NORTHEASTERN PENNSYLVANIA 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