Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF SPAULDING FOR CHILDREN

Name: SPAULDING FOR CHILDREN - 403(B) THRIFT PLAN FOR EMPLOYEES OF SPAULDING FOR CHILDREN (2022) Form 5500
Creator: SPAULDING FOR CHILDREN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF SPAULDING FOR CHILDREN, SPAULDING FOR CHILDREN

SPAULDING FOR CHILDRENEIN 38-1871660Plan #002PY 2022

16250 NORTHLAND DR STE 120 - SOUTHFIELD, MI 480755226248-443-7080spaulding.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.3M

-5.1% from 2021

Total participants

+11.3% from 2021

Average account balance

$85,415

-12.9% from 2021

Annual return

-7.76%

-17.57 pp from 2021

Benchmarks

See 19,706 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,706 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.55M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

158.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$441K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+9.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8698

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

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

$164K

$3560 / participant

Other / not subdivided$164K100.0%

% of EOY assets

2.255%

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

$85,415

$73,848+15.7%

$143,799-40.6%

$68,486+24.7%

Participation rate

91.3%

66.7%+24.6pp

80.3%+11.0pp

67.9%+23.4pp

Annual return

-7.76%

0.91%-8.7pp

-0.04%-7.7pp

-7.85%+0.1pp

Employer contribution / active EE

$4,630

$3,184+45.4%

$4,952-6.5%

$2,597+78.3%

Participant deferral / active EE

$3,319

$3,385-1.9%

$5,638-41.1%

$4,028-17.6%

Admin fee / account holder

$1,926

$5,755-66.5%

$14,677-86.9%

$5,404-64.3%

403(B) THRIFT PLAN FOR EMPLOYEES OF SPAULDING FOR CHILDREN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF SPAULDING FOR CHILDREN

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