Retirement plan

403(B) PLAN OF JEWISH FEDERATION OF MADISON, INC.

Name: JEWISH FEDERATION OF MADISON - 403(B) PLAN OF JEWISH FEDERATION OF MADISON, INC. (2023) Form 5500
Creator: JEWISH FEDERATION OF MADISON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) PLAN OF JEWISH FEDERATION OF MADISON, INC., JEWISH FEDERATION OF MADISON

JEWISH FEDERATION OF MADISONEIN 39-0867186Plan #001PY 2023

6434 ENTERPRISE LANE - MADISON, WI 537191117608-278-1808jewishmadison.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$956K

-44.4% from 2022

Total participants

0.0% from 2022

Average account balance

$34,132

-46.4% from 2022

Annual return

10.37%

+26.22 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.17M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

188.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$115K

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

+10.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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 codes2F2G2L

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.

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

$1.1M

$65729 / participant

Other / not subdivided$1M100.0%

% of EOY assets

110.042%

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

$34,132

$96,691-64.7%

$86,656-60.6%

$139,487-75.5%

Participation rate

81.3%

74.4%+6.8pp

71.7%+9.5pp

80.3%+0.9pp

Annual return

10.37%

106.87%-96.5pp

593.09%-582.7pp

373.84%-363.5pp

Employer contribution / active EE

$1,986

$3,267-39.2%

$3,025-34.3%

$4,755-58.2%

Participant deferral / active EE

$4,706

$4,838-2.7%

$4,439+6.0%

$6,713-29.9%

Admin fee / account holder

$37,559

$6,414+485.6%

$5,619+568.5%

$11,407+229.3%

403(B) PLAN OF JEWISH FEDERATION OF MADISON, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) PLAN OF JEWISH FEDERATION OF MADISON, INC.

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