Retirement plan

CHILD AND FAMILY CHARITIES EMPLOYEE DEFERRED COMPENSATION PLAN

Name: CHILD AND FAMILY CHARITIES - CHILD AND FAMILY CHARITIES EMPLOYEE DEFERRED COMPENSATION PLAN (2022) 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 2022

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

Prospect flagsRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$2.5M

-19.1% from 2021

Total participants

122

0.0% from 2021

Average account balance

$23,380

-26.5% from 2021

Annual return

-17.97%

-33.14 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

$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.5 years Service code 13 · EIN 27-2037969	Contract Administrator	$11,791
TRI-STAR TRUST BANK5 years Filed as: TRI STAR TRUST BANK Service code 21 200 E. MAIN STREET · MIDLAND, MI 48640	Bank Trustee	$11,653

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

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

$23K

$286 / participant

Contract admin$12K50.3%
Other / not subdivided$12K49.7%

% of EOY assets

0.920%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: YEO & YEO
Auditor EIN: 382706146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,380

$73,848-68.3%

$143,799-83.7%

$68,486-65.9%

Participation rate

84.1%

66.7%+17.5pp

80.3%+3.8pp

67.9%+16.3pp

Annual return

-17.97%

0.91%-18.9pp

-0.04%-17.9pp

-7.85%-10.1pp

Employer contribution / active EE

$1,553

$3,184-51.2%

$4,952-68.6%

$2,597-40.2%

Participant deferral / active EE

$2,034

$3,385-39.9%

$5,638-63.9%

$4,028-49.5%

Admin fee / account holder

$215

$5,755-96.3%

$14,677-98.5%

$5,404-96.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.5 years

Service code 13 · EIN 27-2037969

Contract Administrator

$11,791

TRI-STAR TRUST BANK5 years

Filed as: TRI STAR TRUST BANK

Service code 21

200 E. MAIN STREET · MIDLAND, MI 48640

Bank Trustee

$11,653

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