Retirement plan

HOUSING AUTHORITY OF THE CITY OF GRAND FORKS, NORTH DAKOTA RETIREMENT PLAN

Name: GRAND FORKS HOUSING AUTHORITY - HOUSING AUTHORITY OF THE CITY OF GRAND FORKS, NORTH DAKOTA RETIREMENT PLAN (2020) Form 5500
Creator: GRAND FORKS HOUSING AUTHORITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOUSING AUTHORITY OF THE CITY OF GRAND FORKS, NORTH DAKOTA RETIREMENT PLAN, GRAND FORKS HOUSING AUTHORITY

GRAND FORKS HOUSING AUTHORITYEIN 45-0309980Plan #001PY 2020

1405 1ST AVE N - GRAND FORKS, ND 58203701-746-2545thegfha.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.2M

+21.8% from 2019

Total participants

+11.9% from 2019

Average account balance

$50,691

+8.5% from 2019

Annual return

16.09%

-6.31 pp from 2019

Benchmarks

See 123 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants25-99

Cohort123 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.91M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

156.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$269K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6996

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 codes2E2G2J2F2T3D

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.
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

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

$90K

$1838 / participant

Other / not subdivided$90K100.0%

% of EOY assets

2.776%

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

$50,691

$57,506-11.9%

$67,221-24.6%

$79,852-36.5%

Participation rate

95.9%

74.3%+21.6pp

79.4%+16.5pp

69.6%+26.3pp

Annual return

16.09%

18.46%-2.4pp

20.72%-4.6pp

31.72%-15.6pp

Employer contribution / active EE

$4,484

$2,961+51.5%

$3,723+20.4%

$2,471+81.5%

Participant deferral / active EE

$3,508-100.0%

$4,384-100.0%

$3,740-100.0%

Admin fee / account holder

$1,407

$4,029-65.1%

$5,844-75.9%

$5,306-73.5%

HOUSING AUTHORITY OF THE CITY OF GRAND FORKS, NORTH DAKOTA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOUSING AUTHORITY OF THE CITY OF GRAND FORKS, NORTH DAKOTA RETIREMENT 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