Retirement plan

COMMUNITY HOUSING NETWORK, INC. RETIREMENT SAVINGS PLAN

Name: COMMUNITY HOUSING NETWORK, INC. - COMMUNITY HOUSING NETWORK, INC. RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: COMMUNITY HOUSING NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY HOUSING NETWORK, INC. RETIREMENT SAVINGS PLAN, COMMUNITY HOUSING NETWORK, INC.

COMMUNITY HOUSING NETWORK, INC.EIN 38-3372734Plan #001PY 2023

5505 CORPORATE DRIVE, SUITE 300 - TROY, MI 48098248-928-0111communityhousingnetwork.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.3M

+12.9% from 2022

Total participants

132

-12.0% from 2022

Average account balance

$59,743

+15.7% from 2022

Annual return

11.81%

+31.85 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.49M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

79.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$408K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$646

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS2 years Filed as: SENTINEL BENEFITS GROUP, INC. Service code 15 · EIN 04-3015875	Recordkeeping	$24,455
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Service code 15 · EIN 43-1451524	Recordkeeping	$17,074
PLANTE & MORAN, PLLC1 year Filed as: PLANTE MORAN Service code 15 · EIN 38-1357951	Recordkeeping	$10,000

Plan features & details

Pension benefit codes2E2J2K2F2G2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$52K

$606 / participant

Investment mgmt$17K33.1%
Contract admin$24K47.5%
Other / not subdivided$10K19.4%

% of EOY assets

0.701%

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: PLANTE & MORAN
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,743

$77,908-23.3%

$149,696-60.1%

$75,173-20.5%

Participation rate

89.4%

65.6%+23.8pp

78.8%+10.6pp

67.2%+22.2pp

Annual return

11.81%

31.73%-19.9pp

134.46%-122.6pp

160.72%-148.9pp

Employer contribution / active EE

$4,835

$3,138+54.1%

$4,821+0.3%

$2,671+81.0%

Participant deferral / active EE

$3,016

$3,411-11.6%

$5,682-46.9%

$4,126-26.9%

Admin fee / account holder

$419

$5,950-93.0%

$13,212-96.8%

$5,651-92.6%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS2 years

Filed as: SENTINEL BENEFITS GROUP, INC.

Service code 15 · EIN 04-3015875

Recordkeeping

$24,455

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Service code 15 · EIN 43-1451524

Recordkeeping

$17,074

PLANTE & MORAN, PLLC1 year

Filed as: PLANTE MORAN

Service code 15 · EIN 38-1357951

Recordkeeping

$10,000

COMMUNITY HOUSING NETWORK, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY HOUSING NETWORK, INC. RETIREMENT SAVINGS 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