Retirement plan

THE NIGHT MINISTRY 401(K) EMPLOYEE SAVINGS PLAN AND TRUST

Name: THE NIGHT MINISTRY - THE NIGHT MINISTRY 401(K) EMPLOYEE SAVINGS PLAN AND TRUST (2024) Form 5500
Creator: THE NIGHT MINISTRY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE NIGHT MINISTRY 401(K) EMPLOYEE SAVINGS PLAN AND TRUST, THE NIGHT MINISTRY

THE NIGHT MINISTRYEIN 36-3145764Plan #003PY 2024

1735 N. ASHLAND - CHICAGO, IL 60622773-784-9000thenightministry.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.2M

+10.3% from 2023

Total participants

113

-7.4% from 2023

Average account balance

$46,204

-0.7% from 2023

Annual return

13.70%

-5.99 pp from 2023

Benchmarks

See 10,646 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,646 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.23M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

48.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$333K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6582

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

Top 3 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES & ASSOC Service code 26 · EIN 59-1237041	Advisory (Participants)	$14,193
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$647
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ASSOCIATES INC (USA) Service code 26 · EIN 95-2755361	Advisory (Participants)	$591

Plan features & details

Pension benefit codes2E2G2J2K2T3D

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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$461K

$5551 / participant

Other / not subdivided$461K100.0%

% of EOY assets

14.244%

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

$46,204

$58,311-20.8%

$81,882-43.6%

$80,959-42.9%

Participation rate

48.2%

63.5%-15.3pp

72.4%-24.2pp

67.7%-19.5pp

Annual return

13.70%

41.85%-28.1pp

779.47%-765.8pp

35.67%-22.0pp

Employer contribution / active EE

$1,137

$2,347-51.6%

$2,916-61.0%

$2,757-58.8%

Participant deferral / active EE

$2,880

$3,287-12.4%

$4,323-33.4%

$4,300-33.0%

Admin fee / account holder

$6,582

$4,752+38.5%

$7,360-10.6%

$6,925-5.0%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES & ASSOC

Service code 26 · EIN 59-1237041

Advisory (Participants)

$14,193

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$647

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ASSOCIATES INC (USA)

Service code 26 · EIN 95-2755361

Advisory (Participants)

$591

THE NIGHT MINISTRY 401(K) EMPLOYEE SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE NIGHT MINISTRY 401(K) EMPLOYEE SAVINGS PLAN AND TRUST

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