Retirement plan

NEIGHBORHOOD CENTERS ASSOCIATION

Name: NEIGHBORHOOD CENTERS - NEIGHBORHOOD CENTERS ASSOCIATION (2024) Form 5500
Creator: NEIGHBORHOOD CENTERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEIGHBORHOOD CENTERS ASSOCIATION, NEIGHBORHOOD CENTERS

NEIGHBORHOOD CENTERSEIN 34-0714688Plan #003PY 2024

1814 E 40TH ST STE 4D - CLEVELAND, OH 441033530216-298-4440

Other plans on this EIN

1 filing

#004Retirement-$20K assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$359K

+35.6% from 2023

Total participants

+126.7% from 2023

Average account balance

$27,579

+35.6% from 2023

Annual return

12.25%

+1.20 pp from 2023

Benchmarks

See 21,691 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,691 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$359K

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.

41.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2G3D2J

Plan features

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$69

$2 / participant

Other / not subdivided$69100.0%

% of EOY assets

0.019%

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

$27,579

$81,358-66.1%

$155,556-82.3%

$80,959-65.9%

Participation rate

32.3%

66.3%-34.0pp

78.2%-46.0pp

67.7%-35.4pp

Annual return

12.25%

33.39%-21.1pp

64.84%-52.6pp

35.67%-23.4pp

Employer contribution / active EE

$431

$3,106-86.1%

$4,675-90.8%

$2,757-84.4%

Participant deferral / active EE

$1,559

$3,455-54.9%

$5,631-72.3%

$4,300-63.8%

Admin fee / account holder

$7,994-99.9%

$15,885-100.0%

$6,925-99.9%

NEIGHBORHOOD CENTERS ASSOCIATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEIGHBORHOOD CENTERS ASSOCIATION

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