Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF MARRIAGE AND FAMILY COUNSELING SERVICE

Name: MARRIAGE AND FAMILY COUNSELING - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF MARRIAGE AND FAMILY COUNSELING SERVICE (2023) Form 5500
Creator: MARRIAGE AND FAMILY COUNSELING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF MARRIAGE AND FAMILY COUNSELING SERVICE, MARRIAGE AND FAMILY COUNSELING

MARRIAGE AND FAMILY COUNSELINGEIN 36-2606683Plan #005PY 2023

1800 3RD AVE - ROCK ISLAND, IL 612018026309-786-4491family-solution.comLinkedIn1-10 employeesindividual & family services

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$573K

+22.4% from 2022

Total participants

+33.3% from 2022

Average account balance

$190,862

+22.4% from 2022

Annual return

21.79%

+42.68 pp from 2022

Benchmarks

See 107,959 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,959 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$667K

Not enough data

1 years with asset history on file

Average account balance

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

$222K

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

$6K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+18.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5017

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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$11K

$2706 / participant

Other / not subdivided$11K100.0%

% of EOY assets

1.890%

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

$190,862

$175,259+8.9%

$149,723+27.5%

$139,487+36.8%

Participation rate

75.0%

83.4%-8.4pp

78.8%-3.8pp

80.3%-5.3pp

Annual return

21.79%

166.82%-145.0pp

134.50%-112.7pp

373.84%-352.1pp

Employer contribution / active EE

$3,400

$5,478-37.9%

$4,821-29.5%

$4,755-28.5%

Participant deferral / active EE

$6,522-100.0%

$5,682-100.0%

$6,713-100.0%

Admin fee / account holder

$3,608

$16,158-77.7%

$13,215-72.7%

$11,407-68.4%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF MARRIAGE AND FAMILY COUNSELING SERVICE

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF MARRIAGE AND FAMILY COUNSELING SERVICE

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