Retirement plan

NATIONAL DOMESTIC WORKERS ALLIANCE 401(K) PLAN

Name: NATIONAL DOMESTIC WORKERS ALLIANCE - NATIONAL DOMESTIC WORKERS ALLIANCE 401(K) PLAN (2024) Form 5500
Creator: NATIONAL DOMESTIC WORKERS ALLIANCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL DOMESTIC WORKERS ALLIANCE 401(K) PLAN, NATIONAL DOMESTIC WORKERS ALLIANCE

NATIONAL DOMESTIC WORKERS ALLIANCEEIN 35-2420942Plan #001PY 2024

45 BROADWAY, SUITE 320 - NEW YORK, NY 10006646-360-5806domesticworkers.orgLinkedIn51-200 employeespublic policy

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.6M

+32.0% from 2023

Total participants

129

-4.4% from 2023

Average account balance

$28,008

+27.9% from 2023

Annual return

23.16%

+42.84 pp from 2023

Benchmarks

See 10,657 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,657 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.59M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

128

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$583K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+23.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$160

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$12,519
FIDUCIARY PLAN PARTNERS, LLC2 years Filed as: FIDUCIARY PLAN PARTNERS LLC Service code 27 · EIN 81-2872393	Advisory (Plan)	$7,908
PLANNED RETIREMENT CONSULTANTS & AD2 years Service code 15 · EIN 45-4208939	Recordkeeping	$0
UBS FINANCIAL SERVICES INC3 years Service code 49 10001 WOODLOCH FOREST DRIVE · THE WOODLANDS, TX 77380	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$20K

$444 / participant

Contract admin$20K100.0%

% of EOY assets

0.570%

all-in expense ratio

Categories reported

1 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,008

$58,275-51.9%

$81,844-65.8%

$80,935-65.4%

Participation rate

97.8%

63.5%+34.4pp

72.4%+25.4pp

67.7%+30.2pp

Annual return

23.16%

41.82%-18.7pp

778.87%-755.7pp

35.66%-12.5pp

Employer contribution / active EE

$4,024

$2,346+71.5%

$2,916+38.0%

$2,757+46.0%

Participant deferral / active EE

$8,643

$3,285+163.1%

$4,323+99.9%

$4,299+101.0%

Admin fee / account holder

$160

$4,749-96.6%

$7,355-97.8%

$6,924-97.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$12,519

FIDUCIARY PLAN PARTNERS, LLC2 years

Filed as: FIDUCIARY PLAN PARTNERS LLC

Service code 27 · EIN 81-2872393

Advisory (Plan)

$7,908

PLANNED RETIREMENT CONSULTANTS & AD2 years

Service code 15 · EIN 45-4208939

Recordkeeping

UBS FINANCIAL SERVICES INC3 years

Service code 49

10001 WOODLOCH FOREST DRIVE · THE WOODLANDS, TX 77380

Other Services

NATIONAL DOMESTIC WORKERS ALLIANCE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL DOMESTIC WORKERS ALLIANCE 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