Retirement plan

NORTHERN INDIANA EDUCATION FOUNDATION 401(K) PROFIT SHARING PLAN

Name: NORTHERN INDIANA EDUCATION FOUNDATION - NORTHERN INDIANA EDUCATION FOUNDATION 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: NORTHERN INDIANA EDUCATION FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN INDIANA EDUCATION FOUNDATION 401(K) PROFIT SHARING PLAN, NORTHERN INDIANA EDUCATION FOUNDATION

NORTHERN INDIANA EDUCATION FOUNDATIONEIN 35-1139829Plan #005PY 2021

402 FRANKLIN STREET - MICHIGAN CITY, IN 46360219-872-7032niefonline.orgLinkedIn1-10 employeese-learning

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$548K

-58.1% from 2020

Total participants

0.0% from 2020

Average account balance

$137,106

-58.1% from 2020

Annual return

4.36%

-12.14 pp from 2020

Benchmarks

See 6,468 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,468 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$397K

Not enough data

1 years with asset history on file

Average account balance

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

$198K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+6.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2394

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 codes2E2F2G2J3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$877K

$292262 / participant

Other / not subdivided$877K100.0%

% of EOY assets

159.874%

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

$137,106

$84,741+61.8%

$75,731+81.0%

$167,553-18.2%

Participation rate

100.0%

77.8%+22.2pp

74.8%+25.2pp

82.1%+17.9pp

Annual return

4.36%

199.72%-195.4pp

104.65%-100.3pp

478.89%-474.5pp

Employer contribution / active EE

$10,571

$3,230+227.2%

$2,743+285.4%

$4,840+118.4%

Participant deferral / active EE

$8,002

$4,577+74.8%

$3,820+109.5%

$6,343+26.2%

Admin fee / account holder

$219,197

$5,361+3989.1%

$3,620+5955.2%

$12,316+1679.7%

NORTHERN INDIANA EDUCATION FOUNDATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN INDIANA EDUCATION FOUNDATION 401(K) 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