Retirement plan

EMPLOYEE BENEFIT PLAN OF FREEDOM RESOURCE CENTER FOR INDEPENDENT LIVING, INC.

Name: FREEDOM RESOURCE CENTER FOR IN - EMPLOYEE BENEFIT PLAN OF FREEDOM RESOURCE CENTER FOR INDEPENDENT LIVING, INC. (2022) Form 5500
Creator: FREEDOM RESOURCE CENTER FOR IN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF FREEDOM RESOURCE CENTER FOR INDEPENDENT LIVING, INC., FREEDOM RESOURCE CENTER FOR IN

FREEDOM RESOURCE CENTER FOR INEIN 36-3653709Plan #001PY 2022

2701 9TH AVE S., SUITE H - FARGO, ND 58103701-478-0459freedomrc.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$550K

-9.6% from 2021

Total participants

-5.3% from 2021

Average account balance

$30,561

-9.6% from 2021

Annual return

-13.70%

-33.76 pp from 2021

Benchmarks

See 105,950 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,950 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$624K

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66K

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

+12.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1085

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 codes2F2G3D

Plan features

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.
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

1 tripped

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

$35K

$2912 / participant

Other / not subdivided$35K100.0%

% of EOY assets

6.351%

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

$30,561

$167,362-81.7%

$143,799-78.7%

$134,532-77.3%

Participation rate

100.0%

84.8%+15.2pp

80.3%+19.7pp

81.2%+18.8pp

Annual return

-13.70%

0.47%-14.2pp

-0.04%-13.7pp

418.27%-432.0pp

Employer contribution / active EE

$1,538

$5,620-72.6%

$4,952-68.9%

$4,741-67.6%

Participant deferral / active EE

$3,410

$6,447-47.1%

$5,638-39.5%

$6,401-46.7%

Admin fee / account holder

$1,941

$18,094-89.3%

$14,677-86.8%

$11,429-83.0%

EMPLOYEE BENEFIT PLAN OF FREEDOM RESOURCE CENTER FOR INDEPENDENT LIVING, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF FREEDOM RESOURCE CENTER FOR INDEPENDENT LIVING, INC.

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