Retirement plan

BAY AREA LUTHERAN HOMES, INC. TAX SHELTERED ANNUITY PLAN

Name: BAY AREA LUTHERAN HOMES, INC. - BAY AREA LUTHERAN HOMES, INC. TAX SHELTERED ANNUITY PLAN (2024) Form 5500
Creator: BAY AREA LUTHERAN HOMES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAY AREA LUTHERAN HOMES, INC. TAX SHELTERED ANNUITY PLAN, BAY AREA LUTHERAN HOMES, INC.

BAY AREA LUTHERAN HOMES, INC.EIN 39-1034534Plan #001PY 2024

1040 PILGRIM WAY - GREEN BAY, WI 54304920-499-1481LinkedIn201-500 employeeshospital & health care

Prospect flagsLow participationLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.4M

+15.3% from 2023

Total participants

391

+1.0% from 2023

Average account balance

$37,733

+22.5% from 2023

Annual return

13.62%

-4.13 pp from 2023

Benchmarks

See 4,134 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,134 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.43M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

144

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.

29.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$540K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$219

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
ASSOCIATED TRUST COMPANY10+ years Filed as: ASSOCIATED TRUST, N.A. Service code 15 · EIN 30-0219031	Recordkeeping	$16,773
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$14,810

Plan features & details

Pension benefit codes2F2G2L2M2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$32K

$90 / participant

Recordkeeping$6K18.7%
Investment mgmt$26K81.3%

% of EOY assets

0.581%

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: HAWKINS ASH CPAS
Auditor EIN: 390912608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,733

$50,820-25.8%

$155,567-75.7%

$77,671-51.4%

Participation rate

29.8%

63.1%-33.3pp

78.2%-48.4pp

70.6%-40.8pp

Annual return

13.62%

34.85%-21.2pp

64.74%-51.1pp

31.21%-17.6pp

Employer contribution / active EE

$223

$1,993-88.8%

$4,674-95.2%

$2,726-91.8%

Participant deferral / active EE

$1,312

$2,823-53.5%

$5,628-76.7%

$4,648-71.8%

Admin fee / account holder

$219

$436-49.7%

$15,916-98.6%

$430-49.0%

Provider

Service type

Compensation

ASSOCIATED TRUST COMPANY10+ years

Filed as: ASSOCIATED TRUST, N.A.

Service code 15 · EIN 30-0219031

Recordkeeping

$16,773

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$14,810

BAY AREA LUTHERAN HOMES, INC. TAX SHELTERED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAY AREA LUTHERAN HOMES, INC. TAX SHELTERED ANNUITY 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