Retirement plan

NORTHWEST COUNSELING AND GUIDANCE CLINIC, INC. 401(K) PLAN

Name: NORTHWEST COUNSELING AND GUIDANCE CLINIC, INC. - NORTHWEST COUNSELING AND GUIDANCE CLINIC, INC. 401(K) PLAN (2021) Form 5500
Creator: NORTHWEST COUNSELING AND GUIDANCE CLINIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHWEST COUNSELING AND GUIDANCE CLINIC, INC. 401(K) PLAN, NORTHWEST COUNSELING AND GUIDANCE CLINIC, INC.

NORTHWEST COUNSELING AND GUIDANCE CLINIC, INC.EIN 39-1793993Plan #001PY 2021

7670 JOHNSON STREET - SIREN, WI 54872715-327-4402nwcgc.comLinkedIn201-500 employeesmental health care

Prospect flagsLow participationLow employer contributionLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$3.3M

+21.9% from 2020

Total participants

185

-11.5% from 2020

Average account balance

$43,857

+12.1% from 2020

Annual return

16.56%

-1.02 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.90M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

279

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.

86.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$597K

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

+24.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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
AMERICAN UNITED LIFE INSURANCE CO1 year Service code 37 · EIN 35-0145825	Loan Processing	$19,130
JOHN HANCOCK LIFE INSURANCE COMPANY7+ years Service code 15 · EIN 01-0233346	Recordkeeping	$6
TAX SHELTERED COMPENSATION, INC.1 year Service code 13 · EIN 41-0955056	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

4 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$764

$4 / participant

Contract admin$764100.0%

% of EOY assets

0.023%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FOLEY KALSEIM & COMPANY, LTD
Auditor EIN: 411736396
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,857

$61,166-28.3%

$185,849-76.4%

$79,391-44.8%

Participation rate

37.1%

66.6%-29.5pp

81.7%-44.6pp

70.7%-33.6pp

Annual return

16.56%

19.45%-2.9pp

122.10%-105.5pp

116.88%-100.3pp

Employer contribution / active EE

$354

$2,321-84.7%

$5,169-93.2%

$2,428-85.4%

Participant deferral / active EE

$1,203

$2,789-56.8%

$5,569-78.4%

$4,046-70.3%

Admin fee / account holder

$10

$710-98.6%

$16,244-99.9%

$627-98.4%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO1 year

Service code 37 · EIN 35-0145825

Loan Processing

$19,130

JOHN HANCOCK LIFE INSURANCE COMPANY7+ years

Service code 15 · EIN 01-0233346

Recordkeeping

TAX SHELTERED COMPENSATION, INC.1 year

Service code 13 · EIN 41-0955056

Contract Administrator

NORTHWEST COUNSELING AND GUIDANCE CLINIC, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHWEST COUNSELING AND GUIDANCE CLINIC, INC. 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