Retirement plan

CHILD AND FAMILY CHARITIES EMPLOYEE DEFERRED COMPENSATION PLAN

Name: CHILD AND FAMILY CHARITIES - CHILD AND FAMILY CHARITIES EMPLOYEE DEFERRED COMPENSATION PLAN (2019) Form 5500
Creator: CHILD AND FAMILY CHARITIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHILD AND FAMILY CHARITIES EMPLOYEE DEFERRED COMPENSATION PLAN, CHILD AND FAMILY CHARITIES

CHILD AND FAMILY CHARITIESEIN 38-2118108Plan #002PY 2019

4287 FIVE OAKS DRIVE - LANSING, MI 48911517-882-4000childandfamily.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow participationRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$2.2M

+37.1% from 2018

Total participants

156

+20.9% from 2018

Average account balance

$19,473

+20.2% from 2018

Annual return

23.43%

+30.05 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.13M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

62.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$338K

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

+23.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$286

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
NEWPORT GROUP, INC.2 years Service code 13 · EIN 27-2037969	Contract Administrator	$9,847
TRI-STAR TRUST BANK2 years Filed as: TRI STAR TRUST BANK Service code 21 200 E. MAIN STREET · MIDLAND, MI 48640	Bank Trustee	$5,041

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$18K

$154 / participant

Investment mgmt$3K18.6%
Contract admin$10K53.8%
Other / not subdivided$5K27.6%

% of EOY assets

0.831%

all-in expense ratio

Categories reported

2 / 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: YEO & YEO
Auditor EIN: 382706146
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,473

$52,961-63.2%

$172,752-88.7%

$65,185-70.1%

Participation rate

63.9%

66.2%-2.3pp

82.6%-18.8pp

70.2%-6.3pp

Annual return

23.43%

30.12%-6.7pp

802.97%-779.5pp

29.38%-6.0pp

Employer contribution / active EE

$1,113

$2,190-49.2%

$5,144-78.4%

$2,177-48.8%

Participant deferral / active EE

$1,447

$2,471-41.5%

$5,198-72.2%

$3,514-58.8%

Admin fee / account holder

$162

$472-65.7%

$13,955-98.8%

$847-80.9%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Service code 13 · EIN 27-2037969

Contract Administrator

$9,847

TRI-STAR TRUST BANK2 years

Filed as: TRI STAR TRUST BANK

Service code 21

200 E. MAIN STREET · MIDLAND, MI 48640

Bank Trustee

$5,041

CHILD AND FAMILY CHARITIES EMPLOYEE DEFERRED COMPENSATION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHILD AND FAMILY CHARITIES EMPLOYEE DEFERRED COMPENSATION 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