Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF MAKE-A-WISH FOUNDATION OF MICHIGAN

Name: MAKE-A-WISH FOUNDATION OF MICH - 403(B) THRIFT PLAN FOR EMPLOYEES OF MAKE-A-WISH FOUNDATION OF MICHIGAN (2024) Form 5500
Creator: MAKE-A-WISH FOUNDATION OF MICH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF MAKE-A-WISH FOUNDATION OF MICHIGAN, MAKE-A-WISH FOUNDATION OF MICH

MAKE-A-WISH FOUNDATION OF MICHEIN 38-2505812Plan #002PY 2024

20750 CIVIC CENTER DRIVE, SUITE - SOUTHFIELD, MI 48076810-207-1063

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.4M

+12.9% from 2023

Total participants

+5.9% from 2023

Average account balance

$54,765

+0.1% from 2023

Annual return

14.57%

-1.29 pp from 2023

Benchmarks

See 10,668 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,668 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.99M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$255K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17510

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$275K

$7419 / participant

Other / not subdivided$275K100.0%

% of EOY assets

8.085%

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

$54,765

$58,258-6.0%

$81,820-33.1%

$80,925-32.3%

Participation rate

73.0%

63.5%+9.5pp

72.4%+0.6pp

67.7%+5.3pp

Annual return

14.57%

41.76%-27.2pp

777.93%-763.4pp

35.65%-21.1pp

Employer contribution / active EE

$1,894

$2,345-19.3%

$2,915-35.0%

$2,756-31.3%

Participant deferral / active EE

$4,141

$3,284+26.1%

$4,323-4.2%

$4,299-3.7%

Admin fee / account holder

$4,428

$4,976-11.0%

$7,391-40.1%

$6,940-36.2%

403(B) THRIFT PLAN FOR EMPLOYEES OF MAKE-A-WISH FOUNDATION OF MICHIGAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF MAKE-A-WISH FOUNDATION OF MICHIGAN

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