Retirement plan

PASSAIC HEAD START PENSION PLAN

Name: PASSAIC FAMILY HEAD START - PASSAIC HEAD START PENSION PLAN (2018) Form 5500
Creator: PASSAIC FAMILY HEAD START
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PASSAIC HEAD START PENSION PLAN, PASSAIC FAMILY HEAD START

PASSAIC FAMILY HEAD STARTEIN 30-0047522Plan #001PY 2018

68-72 THIRD STREET - PASSAIC, NJ 07055973-365-5804passaicheadstart.orgLinkedIn11-50 employeeseducation management

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.9M

+11.5% from 2017

Total participants

0.0% from 2017

Average account balance

$25,948

+13.0% from 2017

Annual return

5.72%

-4.58 pp from 2017

Benchmarks

See 18,164 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,164 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.06M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

232.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$199K

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

+5.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$950

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 codes2E2F2G2L2M2T3D

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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$45K

$622 / participant

Other / not subdivided$45K100.0%

% of EOY assets

2.432%

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

$25,948

$75,962-65.8%

$154,108-83.2%

$64,173-59.6%

Participation rate

98.6%

70.4%+28.2pp

83.0%+15.6pp

69.6%+29.1pp

Annual return

5.72%

30.32%-24.6pp

735.21%-729.5pp

7.63%-1.9pp

Employer contribution / active EE

$1,312

$3,350-60.8%

$5,298-75.2%

$2,381-44.9%

Participant deferral / active EE

$561

$3,175-82.3%

$5,081-89.0%

$3,470-83.8%

Admin fee / account holder

$631

$5,589-88.7%

$13,411-95.3%

$4,887-87.1%

PASSAIC HEAD START PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PASSAIC HEAD START PENSION 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