Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF VOICES OF STEPHENSON COUNTY

Name: VOICES OF STEPHENSON COUNTY - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF VOICES OF STEPHENSON COUNTY (2022) Form 5500
Creator: VOICES OF STEPHENSON COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF VOICES OF STEPHENSON COUNTY, VOICES OF STEPHENSON COUNTY

VOICES OF STEPHENSON COUNTYEIN 36-2171178Plan #004PY 2022

565 N TURNER AVE - FREEPORT, IL 610323252815-235-9421voicesofsc.orgLinkedIn11-50 employeesindividual & family services

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$196K

+9.4% from 2021

Total participants

+36.8% from 2021

Average account balance

$9,315

-11.4% from 2021

Annual return

-13.97%

-111.33 pp from 2021

Benchmarks

See 19,709 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,709 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$377K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

78.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3100

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$469

$19 / participant

Other / not subdivided$469100.0%

% of EOY assets

0.240%

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

$9,315

$73,839-87.4%

$143,788-93.5%

$68,495-86.4%

Participation rate

80.0%

66.7%+13.3pp

80.3%-0.3pp

67.9%+12.1pp

Annual return

-13.97%

1.01%-15.0pp

-0.03%-13.9pp

-7.84%-6.1pp

Employer contribution / active EE

$824

$3,184-74.1%

$4,952-83.4%

$2,596-68.3%

Participant deferral / active EE

$847

$3,384-75.0%

$5,638-85.0%

$4,028-79.0%

Admin fee / account holder

$22

$5,755-99.6%

$14,675-99.8%

$5,403-99.6%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF VOICES OF STEPHENSON COUNTY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF VOICES OF STEPHENSON COUNTY

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