Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF OPTIONS FOR INDEPENDENT LIVING, INC.

Name: OPTIONS FOR INDEPENDENT LIVING - 403(B) THRIFT PLAN FOR EMPLOYEES OF OPTIONS FOR INDEPENDENT LIVING, INC. (2023) Form 5500
Creator: OPTIONS FOR INDEPENDENT LIVING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF OPTIONS FOR INDEPENDENT LIVING, INC., OPTIONS FOR INDEPENDENT LIVING

OPTIONS FOR INDEPENDENT LIVINGEIN 39-1843312Plan #001PY 2023

555 COUNTRY CLUB RD - GREEN BAY, WI 543134908920-490-8270optionsil.orgLinkedIn11-50 employeesconsumer services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+29.9% from 2022

Total participants

+13.3% from 2022

Average account balance

$49,306

+16.4% from 2022

Annual return

23.36%

+31.89 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.01M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$193K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+17.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11147

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 codes2G2J2T

Plan features

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$78K

$2769 / participant

Other / not subdivided$78K100.0%

% of EOY assets

5.422%

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

$49,306

$77,908-36.7%

$149,696-67.1%

$75,173-34.4%

Participation rate

82.1%

65.6%+16.6pp

78.8%+3.4pp

67.2%+14.9pp

Annual return

23.36%

31.73%-8.4pp

134.46%-111.1pp

160.72%-137.4pp

Employer contribution / active EE

$946

$3,138-69.8%

$4,821-80.4%

$2,671-64.6%

Participant deferral / active EE

$4,377

$3,411+28.3%

$5,682-23.0%

$4,126+6.1%

Admin fee / account holder

$2,673

$5,950-55.1%

$13,212-79.8%

$5,651-52.7%

403(B) THRIFT PLAN FOR EMPLOYEES OF OPTIONS FOR INDEPENDENT LIVING, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF OPTIONS FOR INDEPENDENT LIVING, 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