Retirement plan

NORTHLAND COUNSELING CENTER, INC.403(B) PLAN

Name: NORTHLAND COUNSELING CENTER, INC. - NORTHLAND COUNSELING CENTER, INC.403(B) PLAN (2024) Form 5500
Creator: NORTHLAND COUNSELING CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHLAND COUNSELING CENTER, INC.403(B) PLAN, NORTHLAND COUNSELING CENTER, INC.

NORTHLAND COUNSELING CENTER, INC.EIN 41-0859738Plan #001PY 2024

215 SE SECOND AVENUE - GRAND RAPIDS, MN 55744218-326-1274

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$5M

+23.8% from 2023

Total participants

308

+14.9% from 2023

Average account balance

$34,695

+16.1% from 2023

Annual return

12.61%

-1.91 pp from 2023

Benchmarks

See 4,131 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,131 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.03M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

145

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.

42.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$659K

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

+12.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$239

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
BENEFIT PLANS ADMIN SERVICES, INC.3 years Service code 15 · EIN 16-1503696	Recordkeeping	$29,097
IMPACT RETIREMENT ADVISORS, LLC1 year Filed as: IMPACT RETIREMENT ADVISORS Service code 27 · EIN 99-1021446	Advisory (Plan)	$5,316

Plan features & details

Pension benefit codes2A2E2G2L2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$35K

$122 / participant

Contract admin$35K100.0%

% of EOY assets

0.689%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SHOLOM BLAKE
Auditor EIN: 853390892
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,695

$50,812-31.7%

$155,602-77.7%

$77,692-55.3%

Participation rate

42.6%

63.1%-20.5pp

78.2%-35.6pp

70.6%-28.0pp

Annual return

12.61%

34.85%-22.2pp

64.81%-52.2pp

31.25%-18.6pp

Employer contribution / active EE

$828

$1,989-58.4%

$4,675-82.3%

$2,726-69.6%

Participant deferral / active EE

$1,494

$2,822-47.1%

$5,629-73.5%

$4,648-67.9%

Admin fee / account holder

$239

$436-45.2%

$15,923-98.5%

$431-44.5%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.3 years

Service code 15 · EIN 16-1503696

Recordkeeping

$29,097

IMPACT RETIREMENT ADVISORS, LLC1 year

Filed as: IMPACT RETIREMENT ADVISORS

Service code 27 · EIN 99-1021446

Advisory (Plan)

$5,316

NORTHLAND COUNSELING CENTER, INC.403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHLAND COUNSELING CENTER, INC.403(B) 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