Retirement plan

403(B) THRIFT PLAN OF DIOCESE OF YOUNGSTOWN CATHOLIC CHARITIES CORPORATION

Name: DIOCESE OF YOUNGSTOWN CATHOLIC CHARITIES CORPORATION - 403(B) THRIFT PLAN OF DIOCESE OF YOUNGSTOWN CATHOLIC CHARITIES CORPORATION (2020) Form 5500
Creator: DIOCESE OF YOUNGSTOWN CATHOLIC CHARITIES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF DIOCESE OF YOUNGSTOWN CATHOLIC CHARITIES CORPORATION, DIOCESE OF YOUNGSTOWN CATHOLIC CHARITIES CORPORATION

DIOCESE OF YOUNGSTOWN CATHOLIC CHARITIES CORPORATIONEIN 34-1896981Plan #001PY 2020

144 W WOOD ST - YOUNGSTOWN, OH 445031030330-744-8451LinkedIn1-10 employeesprimary/secondary education

Prospect flagsHigh feesLow participant contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$2.2M

+3709.0% from 2019

Total participants

116

+5700.0% from 2019

Average account balance

$21,043

-63.4% from 2019

Annual return

12.77%

+112.61 pp from 2019

Benchmarks

See 18,636 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,636 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.36M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

121.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$181K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8093

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 codes2F2G2S2T3D3H

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 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.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$229K

$2699 / participant

Other / not subdivided$229K100.0%

% of EOY assets

10.485%

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

$21,043

$91,167-76.9%

$178,498-88.2%

$79,858-73.6%

Participation rate

85.9%

69.2%+16.7pp

81.9%+4.0pp

69.6%+16.2pp

Annual return

12.77%

24.19%-11.4pp

151.09%-138.3pp

31.72%-18.9pp

Employer contribution / active EE

$1,117

$3,255-65.7%

$5,011-77.7%

$2,471-54.8%

Participant deferral / active EE

$830

$3,236-74.4%

$5,202-84.1%

$3,740-77.8%

Admin fee / account holder

$2,206

$6,747-67.3%

$13,985-84.2%

$5,306-58.4%

403(B) THRIFT PLAN OF DIOCESE OF YOUNGSTOWN CATHOLIC CHARITIES CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF DIOCESE OF YOUNGSTOWN CATHOLIC CHARITIES CORPORATION

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