Retirement plan

JFGI, INC. AND AFFILIATED AGENCIES 401(K) PLAN

Name: JEWISH FEDERATION OF GREATER INDIANAPOLIS, INC. - JFGI, INC. AND AFFILIATED AGENCIES 401(K) PLAN (2023) Form 5500
Creator: JEWISH FEDERATION OF GREATER INDIANAPOLIS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JFGI, INC. AND AFFILIATED AGENCIES 401(K) PLAN, JEWISH FEDERATION OF GREATER INDIANAPOLIS, INC.

JEWISH FEDERATION OF GREATER INDIANAPOLIS, INC.EIN 35-0888017Plan #003PY 2023

6705 HOOVER RD. - INDIANAPOLIS, IN 46260317-726-5450jewishindianapolis.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$6.3M

+8.4% from 2022

Total participants

277

+11.7% from 2022

Average account balance

$23,005

-4.7% from 2022

Annual return

15.37%

+31.59 pp from 2022

Benchmarks

See 1,918 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,918 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.75M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

265

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$787K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+18.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$220

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
FORVIS, LLP2 years Filed as: FORVIS LLP Service code 10 910 E ST. LOUIS ST STE 400 · SPRINGFIELD, MO 65807	Accounting	$24,675
METLIFE LIFE INSURANCE COMPANY8 years Service code 64 11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277	Recordkeeping Fees	$21,780

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D3H

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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$51K

$355 / participant

Recordkeeping$22K42.6%
Investment mgmt$5K9.1%
Other / not subdivided$25K48.3%

% of EOY assets

0.811%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS LLP
Auditor EIN: 440160260
Audit fees: $24,675
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,005

$58,292-60.5%

$86,640-73.4%

$71,511-67.8%

Participation rate

97.9%

65.0%+32.9pp

71.7%+26.2pp

67.9%+30.0pp

Annual return

15.37%

21.63%-6.3pp

592.52%-577.1pp

28.86%-13.5pp

Employer contribution / active EE

$2,498

$2,574-3.0%

$3,024-17.4%

$2,589-3.5%

Participant deferral / active EE

$2,199

$3,438-36.0%

$4,438-50.4%

$4,291-48.7%

Admin fee / account holder

$187

$1,057-82.4%

$5,616-96.7%

$1,588-88.3%

Provider

Service type

Compensation

FORVIS, LLP2 years

Filed as: FORVIS LLP

Service code 10

910 E ST. LOUIS ST STE 400 · SPRINGFIELD, MO 65807

Accounting

$24,675

METLIFE LIFE INSURANCE COMPANY8 years

Service code 64

11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277

Recordkeeping Fees

$21,780

JFGI, INC. AND AFFILIATED AGENCIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JFGI, INC. AND AFFILIATED AGENCIES 401(K) 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