Retirement plan

INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP 403(B) PLAN

Name: INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP - INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP 403(B) PLAN (2024) Form 5500
Creator: INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP 403(B) PLAN, INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP

INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIPEIN 35-1742559Plan #002PY 2024

2960 N. MERIDIAN ST., STE 300 - INDIANAPOLIS, IN 46208317-610-4659inhp.orgLinkedIn51-200 employeesfinancial services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.8M

-26.9% from 2023

Total participants

-3.5% from 2023

Average account balance

$85,440

-22.0% from 2023

Annual return

10.69%

-1.30 pp from 2023

Benchmarks

See 10,689 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,689 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.84M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$459K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+10.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54093

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 codes2E2F2G2M2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

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

$2.4M

$48684 / participant

Other / not subdivided$2M100.0%

% of EOY assets

63.311%

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

$85,440

$58,234+46.7%

$81,783+4.5%

$80,874+5.6%

Participation rate

80.0%

63.4%+16.6pp

72.4%+7.6pp

67.6%+12.4pp

Annual return

10.69%

41.70%-31.0pp

775.05%-764.4pp

35.62%-24.9pp

Employer contribution / active EE

$2,926

$2,341+25.0%

$2,913+0.5%

$2,756+6.2%

Participant deferral / active EE

$6,253

$3,283+90.5%

$4,320+44.7%

$4,297+45.5%

Admin fee / account holder

$54,093

$4,982+985.9%

$7,380+633.0%

$6,935+680.0%

INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP 403(B) 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