Retirement plan

403(B) THRIFT PLAN OF SOJOURNER FAMILY PEACE CENTER, INC.

Name: SOJOURNER FAMILY PEACE CENTER, INC. - 403(B) THRIFT PLAN OF SOJOURNER FAMILY PEACE CENTER, INC. (2019) Form 5500
Creator: SOJOURNER FAMILY PEACE CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF SOJOURNER FAMILY PEACE CENTER, INC., SOJOURNER FAMILY PEACE CENTER, INC.

SOJOURNER FAMILY PEACE CENTER, INC.EIN 39-1276210Plan #001PY 2019

619 W WALNUT ST - MILWAUKEE, WI 532123839414-276-1911

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$2.3M

+33.4% from 2018

Total participants

125

+28.9% from 2018

Average account balance

$18,368

+3.0% from 2018

Annual return

29.85%

+28.35 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.04M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

136

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$416K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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

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 codes2F2G2S2T

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$240K

$2692 / participant

Other / not subdivided$240K100.0%

% of EOY assets

10.606%

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

$18,368

$85,171-78.4%

$172,752-89.4%

$72,975-74.8%

Participation rate

97.8%

70.1%+27.7pp

82.6%+15.1pp

69.5%+28.3pp

Annual return

29.85%

27.32%+2.5pp

802.97%-773.1pp

81.01%-51.2pp

Employer contribution / active EE

$1,174

$3,324-64.7%

$5,144-77.2%

$2,440-51.9%

Participant deferral / active EE

$2,176

$3,260-33.3%

$5,198-58.1%

$3,608-39.7%

Admin fee / account holder

$1,948

$5,880-66.9%

$13,955-86.0%

$5,124-62.0%

403(B) THRIFT PLAN OF SOJOURNER FAMILY PEACE CENTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF SOJOURNER FAMILY PEACE CENTER, 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