Retirement plan

GREENPATH, INC. 403(B) RETIREMENT PLAN

Name: GREENPATH, INC. - GREENPATH, INC. 403(B) RETIREMENT PLAN (2024) Form 5500
Creator: GREENPATH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREENPATH, INC. 403(B) RETIREMENT PLAN, GREENPATH, INC.

GREENPATH, INC.EIN 38-6142925Plan #002PY 2024

36500 CORPORATE DRIVE - FARMINGTON HILLS, MI 483313553248-553-5400greenpathu.comLinkedIn501-1000 employees

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$50.5M

+17.1% from 2023

Total participants

613

-15.0% from 2023

Average account balance

$82,935

+38.5% from 2023

Annual return

14.44%

-4.88 pp from 2023

Benchmarks

See 1,547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,547 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$50.51M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

609

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$281

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
LINCOLN NATIONAL CORPORATION9 years Filed as: LINCOLN RETIREMENT SERVICES Service code 13 · EIN 35-0472300	Contract Administrator	$141,233
CAPFINANCIAL PARTNERS LLC7 years Filed as: CAPFINANCIAL PARTNERS Service code 16 · EIN 26-0058143	Consulting	$30,000

Plan features & details

Pension benefit codes2F2G2L2M2S2T3D3H

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$171K

$368 / participant

Investment mgmt$30K17.5%
Contract admin$141K82.5%

% of EOY assets

0.339%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,935

$129,227-35.8%

$184,256-55.0%

$77,762+6.7%

Participation rate

99.1%

87.4%+11.8pp

86.8%+12.3pp

70.6%+28.6pp

Annual return

14.44%

33.24%-18.8pp

28.85%-14.4pp

31.27%-16.8pp

Employer contribution / active EE

$2,928

$4,412-33.6%

$6,427-54.4%

$2,728+7.3%

Participant deferral / active EE

$5,867

$7,307-19.7%

$9,133-35.8%

$4,651+26.2%

Admin fee / account holder

$281

$256+10.0%

$13,899-98.0%

$433-35.0%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION9 years

Filed as: LINCOLN RETIREMENT SERVICES

Service code 13 · EIN 35-0472300

Contract Administrator

$141,233

CAPFINANCIAL PARTNERS LLC7 years

Filed as: CAPFINANCIAL PARTNERS

Service code 16 · EIN 26-0058143

Consulting

$30,000

GREENPATH, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREENPATH, INC. 403(B) 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