Retirement plan

OPTIONS IN COMMUNITY LIVING 401(K) PLAN

Name: OPTIONS IN COMMUNITY LIVING, INC. - OPTIONS IN COMMUNITY LIVING 401(K) PLAN (2022) Form 5500
Creator: OPTIONS IN COMMUNITY LIVING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPTIONS IN COMMUNITY LIVING 401(K) PLAN, OPTIONS IN COMMUNITY LIVING, INC.

OPTIONS IN COMMUNITY LIVING, INC.EIN 39-1373054Plan #002PY 2022

551 GRAND OAK TRAIL - MADISON, WI 53714608-249-1585optionsmadison.comLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$1.8M

+8.3% from 2021

Total participants

200

0.0% from 2021

Average account balance

$10,346

+9.5% from 2021

Annual return

-20.14%

-35.19 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.47M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

206

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.

82.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$731K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$230

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
THE VANGUARD GROUP, INC.4+ years Service code 15 · EIN 23-1945930	Recordkeeping	$19,155
401K INVESTMENT PROF.3 years Service code 27 · EIN 81-1279447	Advisory (Plan)	$10,285
EIDE BAILLY LLP1 year Filed as: WEGNER LLP Service code 10 2921 LANDMARK PLACE · MADISON, WI 53713	Accounting	$8,600

Plan features & details

Pension benefit codes2S2E3D2G2J2K2F2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$38K

$201 / participant

Investment mgmt$10K27.0%
Contract admin$19K50.4%
Other / not subdivided$9K22.6%

% of EOY assets

2.077%

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: WEGNER CPAS, LLP
Auditor EIN: 390974031
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,346

$65,125-84.1%

$143,797-92.8%

$66,949-84.5%

Participation rate

87.8%

65.2%+22.6pp

80.3%+7.5pp

69.8%+18.0pp

Annual return

-20.14%

-11.13%-9.0pp

-0.04%-20.1pp

1.57%-21.7pp

Employer contribution / active EE

$1,250

$2,362-47.1%

$4,952-74.8%

$2,545-50.9%

Participant deferral / active EE

$2,073

$2,920-29.0%

$5,638-63.2%

$4,239-51.1%

Admin fee / account holder

$215

$503-57.2%

$14,679-98.5%

$594-63.8%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.4+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$19,155

401K INVESTMENT PROF.3 years

Service code 27 · EIN 81-1279447

Advisory (Plan)

$10,285

EIDE BAILLY LLP1 year

Filed as: WEGNER LLP

Service code 10

2921 LANDMARK PLACE · MADISON, WI 53713

Accounting

$8,600

OPTIONS IN COMMUNITY LIVING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPTIONS IN COMMUNITY LIVING 401(K) 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