Retirement plan

FAMILY & CHILDREN SERVICES, INC. RETIREMENT PLAN

Name: FAMILY & CHILDREN SERVICES, INC. - FAMILY & CHILDREN SERVICES, INC. RETIREMENT PLAN (2020) Form 5500
Creator: FAMILY & CHILDREN SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY & CHILDREN SERVICES, INC. RETIREMENT PLAN, FAMILY & CHILDREN SERVICES, INC.

FAMILY & CHILDREN SERVICES, INC.EIN 38-2118101Plan #001PY 2020

1608 LAKE STREET - KALAMAZOO, MI 49001269-344-0202fcsource.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$11.5M

+18.5% from 2019

Total participants

227

-8.8% from 2019

Average account balance

$65,346

+17.1% from 2019

Annual return

16.30%

-6.99 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.36M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

136

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.

70.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$290K

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

+16.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$317

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 1 by compensation

Provider	Service type	Compensation
GREENLEAF TRUST6+ years Service code 15 · EIN 38-3416104	Recordkeeping	$19,788

Plan features & details

Pension benefit codes2E2F2J3D2G

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).
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.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$20K

$146 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.172%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SEBER TANS
Auditor EIN: 200503877
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,346

$58,888+11.0%

$178,499-63.4%

$73,493-11.1%

Participation rate

62.5%

66.2%-3.7pp

81.9%-19.4pp

70.7%-8.2pp

Annual return

16.30%

24.86%-8.6pp

151.10%-134.8pp

28.51%-12.2pp

Employer contribution / active EE

$908

$2,236-59.4%

$5,011-81.9%

$2,270-60.0%

Participant deferral / active EE

$2,839

$2,568+10.6%

$5,202-45.4%

$3,740-24.1%

Admin fee / account holder

$112

$400-71.9%

$13,986-99.2%

$513-78.1%

Provider

Service type

Compensation

GREENLEAF TRUST6+ years

Service code 15 · EIN 38-3416104

Recordkeeping

$19,788

FAMILY & CHILDREN SERVICES, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY & CHILDREN SERVICES, INC. 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