Retirement plan

FEDERATION EMPLOYEES' RETIREMENT SAVINGS PLAN

Name: JEWISH UNITED FUND OF METROPOLITAN CHICAGO - FEDERATION EMPLOYEES' RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: JEWISH UNITED FUND OF METROPOLITAN CHICAGO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FEDERATION EMPLOYEES' RETIREMENT SAVINGS PLAN, JEWISH UNITED FUND OF METROPOLITAN CHICAGO

JEWISH UNITED FUND OF METROPOLITAN CHICAGOEIN 36-2167034Plan #008PY 2023

30 SOUTH WELLS STREET, ROOM 4047 - CHICAGO, IL 606065054312-346-6700

Other plans on this EIN

2 filings

#009Retirement-$103.1M assets #010Retirement-$920K assets

Prospect flagsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$19.7M

+21.3% from 2022

Total participants

2,145

-3.4% from 2022

Average account balance

$9,872

+23.2% from 2022

Annual return

18.38%

+32.01 pp from 2022

Benchmarks

See 268 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.78M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

2,046

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30

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
PETER CHANG ENTERPRISES, INC.6 years Filed as: PETER CHISWICK Service code 14 · EIN 36-3109431	Plan Administrator	$28,368
BAKER TILLY US, LLP4 years Service code 10 · EIN 39-0859910	Accounting	$20,360

Plan features & details

Pension benefit codes2E2F2G2S2T2J2K3H2X

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.
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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$63K

$42 / participant

Recordkeeping$2K3.6%
Salaries / allowances$38K60.7%
Contract admin$2K2.4%
Other / not subdivided$21K33.4%

% of EOY assets

0.319%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $20,360
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,872

$52,960-81.4%

$86,656-88.6%

$80,169-87.7%

Participation rate

90.0%

62.4%+27.6pp

71.7%+18.3pp

72.9%+17.0pp

Annual return

18.38%

24.84%-6.5pp

593.09%-574.7pp

40.39%-22.0pp

Employer contribution / active EE

$567

$2,138-73.5%

$3,025-81.3%

$2,978-81.0%

Participant deferral / active EE

$590

$3,226-81.7%

$4,439-86.7%

$5,016-88.2%

Admin fee / account holder

$32

$113-72.2%

$5,619-99.4%

$145-78.3%

Provider

Service type

Compensation

PETER CHANG ENTERPRISES, INC.6 years

Filed as: PETER CHISWICK

Service code 14 · EIN 36-3109431

Plan Administrator

$28,368

BAKER TILLY US, LLP4 years

Service code 10 · EIN 39-0859910

Accounting

$20,360

FEDERATION EMPLOYEES' RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FEDERATION EMPLOYEES' RETIREMENT SAVINGS 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