Retirement plan

TRI-COUNTY COUNCIL FOR CHILD DEVELOPMENT, INC. EMPLOYEES' RETIREMENT PLAN

Name: TRI-COUNTY COUNCIL FOR CHILD DEVELOPMENT, INC. - TRI-COUNTY COUNCIL FOR CHILD DEVELOPMENT, INC. EMPLOYEES' RETIREMENT PLAN (2022) Form 5500
Creator: TRI-COUNTY COUNCIL FOR CHILD DEVELOPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRI-COUNTY COUNCIL FOR CHILD DEVELOPMENT, INC. EMPLOYEES' RETIREMENT PLAN, TRI-COUNTY COUNCIL FOR CHILD DEVELOPMENT, INC.

TRI-COUNTY COUNCIL FOR CHILD DEVELOPMENT, INC.EIN 38-1992598Plan #001PY 2022

775 HAZEN STREET - PAW PAW, MI 49079269-657-2581LinkedIn1-10 employeesindividual & family services

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.1M

+10.3% from 2021

Total participants

248

+19.2% from 2021

Average account balance

$24,116

+5.6% from 2021

Annual return

8.32%

-27.19 pp from 2021

Benchmarks

See 1,743 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,743 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.48M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

204

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.

84.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$502K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$300

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
SANFORD ADVISORY SERVICES5 years Service code 26 · EIN 27-0645757 590 W CENTRE AVENUE · PORTAGE, MI 49024	Advisory (Participants)	$26,589
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346	Recordkeeping	$350

Plan features & details

Pension benefit codes2E2F2H2J3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$27K

$127 / participant

Investment mgmt$27K98.7%
Contract admin$3501.3%

% of EOY assets

0.527%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KRUGGEL, LAWTON & COMPANY, LLC
Auditor EIN: 351307701
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,116

$51,226-52.9%

$82,706-70.8%

$66,930-64.0%

Participation rate

83.0%

67.9%+15.2pp

72.6%+10.5pp

69.8%+13.2pp

Annual return

8.32%

-9.61%+17.9pp

701.76%-693.4pp

1.57%+6.7pp

Employer contribution / active EE

$1,060

$2,612-59.4%

$3,007-64.7%

$2,545-58.3%

Participant deferral / active EE

$497

$3,460-85.6%

$4,394-88.7%

$4,238-88.3%

Admin fee / account holder

$127

$416-69.4%

$5,329-97.6%

$593-78.6%

Provider

Service type

Compensation

SANFORD ADVISORY SERVICES5 years

Service code 26 · EIN 27-0645757

590 W CENTRE AVENUE · PORTAGE, MI 49024

Advisory (Participants)

$26,589

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO USA

Service code 15 · EIN 01-0233346

Recordkeeping

$350

TRI-COUNTY COUNCIL FOR CHILD DEVELOPMENT, INC. EMPLOYEES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRI-COUNTY COUNCIL FOR CHILD DEVELOPMENT, INC. EMPLOYEES' RETIREMENT PLAN

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