Retirement plan

OPPORTUNITY ENTERPRISES, INC. PROFIT SHARING PLAN

Name: OPPORTUNITY ENTERPRISES, INC. - OPPORTUNITY ENTERPRISES, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: OPPORTUNITY ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPPORTUNITY ENTERPRISES, INC. PROFIT SHARING PLAN, OPPORTUNITY ENTERPRISES, INC.

OPPORTUNITY ENTERPRISES, INC.EIN 35-1136833Plan #001PY 2023

2801 EVANS AVENUE - VALPARAISO, IN 46383219-464-9621oppent.orgLinkedIn501-1000 employeesnon-profit organization management

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$5.1M

+14.2% from 2022

Total participants

343

-10.9% from 2022

Average account balance

$16,686

+28.6% from 2022

Annual return

12.68%

+28.51 pp from 2022

Benchmarks

See 5,715 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.51M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

253

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.

82.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$602K

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

+9.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$231

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP, INC Service code 13 · EIN 20-0937408	Contract Administrator	$38,938
WESLEY M. KOTYS7 years Service code 26 TKG ADVISORS, LLC · VALPARASO, IN 46383	Advisory (Participants)	$15,608

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$55K

$234 / participant

Recordkeeping$10K17.5%
Investment mgmt$16K28.6%
Contract admin$29K53.9%

% of EOY assets

1.061%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BRADLEY & ASSOCIATES, INC.
Auditor EIN: 351719602
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,686

$61,295-72.8%

$149,682-88.9%

$71,476-76.7%

Participation rate

85.0%

62.5%+22.5pp

78.8%+6.2pp

67.9%+17.0pp

Annual return

12.68%

35.86%-23.2pp

134.35%-121.7pp

28.85%-16.2pp

Employer contribution / active EE

$1,119

$2,380-53.0%

$4,818-76.8%

$2,589-56.8%

Participant deferral / active EE

$1,714

$2,918-41.3%

$5,681-69.8%

$4,290-60.0%

Admin fee / account holder

$177

$1,262-86.0%

$13,210-98.7%

$1,587-88.8%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP, INC

Service code 13 · EIN 20-0937408

Contract Administrator

$38,938

WESLEY M. KOTYS7 years

Service code 26

TKG ADVISORS, LLC · VALPARASO, IN 46383

Advisory (Participants)

$15,608

OPPORTUNITY ENTERPRISES, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPPORTUNITY ENTERPRISES, INC. PROFIT SHARING 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