Retirement plan

FAMILY RECOVERY CENTER 401(K) AND PENSION PLAN

Name: FAMILY RECOVERY CENTER - FAMILY RECOVERY CENTER 401(K) AND PENSION PLAN (2023) Form 5500
Creator: FAMILY RECOVERY CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY RECOVERY CENTER 401(K) AND PENSION PLAN, FAMILY RECOVERY CENTER

FAMILY RECOVERY CENTEREIN 34-1189480Plan #001PY 2023

P.O. BOX 464 - LISBON, OH 44432330-424-1468familyrecoveryservices.orgLinkedIn51-200 employeesmental health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$702K

+26.3% from 2022

Total participants

-14.0% from 2022

Average account balance

$15,960

+43.5% from 2022

Annual return

18.72%

+37.40 pp from 2022

Benchmarks

See 20,804 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,804 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$757K

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

110.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

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

+12.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3352

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 codes2E2F2G3D

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.
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

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

$83K

$1921 / participant

Other / not subdivided$83K100.0%

% of EOY assets

11.763%

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

$15,960

$77,901-79.5%

$149,717-89.3%

$75,181-78.8%

Participation rate

88.4%

65.6%+22.8pp

78.8%+9.6pp

67.2%+21.2pp

Annual return

18.72%

31.73%-13.0pp

134.41%-115.7pp

160.69%-142.0pp

Employer contribution / active EE

$1,478

$3,137-52.9%

$4,820-69.3%

$2,671-44.7%

Participant deferral / active EE

$1,364

$3,411-60.0%

$5,682-76.0%

$4,126-66.9%

Admin fee / account holder

$1,877

$5,949-68.4%

$13,213-85.8%

$5,650-66.8%

FAMILY RECOVERY CENTER 401(K) AND PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY RECOVERY CENTER 401(K) AND 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