Retirement plan

DIRECTION'S 403(B) PLAN

Name: DIRECTIONS FOR YOUTH AND FAMILIES - DIRECTION'S 403(B) PLAN (2024) Form 5500
Creator: DIRECTIONS FOR YOUTH AND FAMILIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIRECTION'S 403(B) PLAN, DIRECTIONS FOR YOUTH AND FAMILIES

DIRECTIONS FOR YOUTH AND FAMILIESEIN 31-4407642Plan #002PY 2024

1515 INDIANOLA AVE. - COLUMBUS, OH 43201614-294-2661dfyf.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.9M

+13.2% from 2023

Total participants

275

+2.6% from 2023

Average account balance

$15,978

+14.6% from 2023

Annual return

11.20%

+0.73 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.39M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

258

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.

82.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$361K

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

+9.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY7 years Service code 13 · EIN 42-0127290	Contract Administrator	$28,586
MASSACHUSETTS MUTUAL LIFE INS. CO.7 years Filed as: MML INVESTORS SERVICES LLC Service code 49 · EIN 04-2746212	Other Services	$16,205

Plan features & details

Pension benefit codes2E2G2J2L3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

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

$29K

$243 / participant

Contract admin$29K100.0%

% of EOY assets

0.726%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHNEIDER DOWNS
Auditor EIN: 251408703
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,978

$55,437-71.2%

$155,534-89.7%

$74,459-78.5%

Participation rate

76.3%

61.9%+14.4pp

78.2%-1.9pp

67.2%+9.0pp

Annual return

11.20%

269.58%-258.4pp

64.92%-53.7pp

1369.70%-1358.5pp

Employer contribution / active EE

$1,353

$2,266-40.3%

$4,675-71.1%

$2,626-48.5%

Participant deferral / active EE

$1,079

$2,837-62.0%

$5,630-80.8%

$4,350-75.2%

Admin fee / account holder

$116

$1,742-93.3%

$15,900-99.3%

$1,945-94.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7 years

Service code 13 · EIN 42-0127290

Contract Administrator

$28,586

MASSACHUSETTS MUTUAL LIFE INS. CO.7 years

Filed as: MML INVESTORS SERVICES LLC

Service code 49 · EIN 04-2746212

Other Services

$16,205

DIRECTION'S 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIRECTION'S 403(B) 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