Retirement plan

403(B) THRIFT PLAN OF EPILEPSY FOUNDATION OF MINNESOTA, INC.

Name: EPILEPSY FOUNDATION OF MINNESOTA, INC. - 403(B) THRIFT PLAN OF EPILEPSY FOUNDATION OF MINNESOTA, INC. (2023) Form 5500
Creator: EPILEPSY FOUNDATION OF MINNESOTA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF EPILEPSY FOUNDATION OF MINNESOTA, INC., EPILEPSY FOUNDATION OF MINNESOTA, INC.

EPILEPSY FOUNDATION OF MINNESOTA, INC.EIN 41-0874541Plan #004PY 2023

1600 UNIVERSITY AVE W STE 300 - SAINT PAUL, MN 551043800651-287-2307epilepsyfoundationmn.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+11.5% from 2022

Total participants

+15.1% from 2022

Average account balance

$19,489

-0.6% from 2022

Annual return

11.51%

+23.60 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.51M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

222.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$109K

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

+8.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5731

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 codes2F2G2S2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$136K

$3012 / participant

Other / not subdivided$136K100.0%

% of EOY assets

9.397%

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

$19,489

$57,305-66.0%

$86,640-77.5%

$75,173-74.1%

Participation rate

77.8%

63.2%+14.6pp

71.7%+6.1pp

67.2%+10.6pp

Annual return

11.51%

2674.24%-2662.7pp

592.52%-581.0pp

160.72%-149.2pp

Employer contribution / active EE

$1,213

$2,316-47.6%

$3,024-59.9%

$2,671-54.6%

Participant deferral / active EE

$1,782

$3,320-46.3%

$4,438-59.9%

$4,126-56.8%

Admin fee / account holder

$1,831

$4,116-55.5%

$5,616-67.4%

$5,651-67.6%

403(B) THRIFT PLAN OF EPILEPSY FOUNDATION OF MINNESOTA, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF EPILEPSY FOUNDATION OF MINNESOTA, 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