Retirement plan

INSPIRE COMMUNITIES, LLC 401(K) PLAN

Name: INSPIRE COMMUNITIES, LLC - INSPIRE COMMUNITIES, LLC 401(K) PLAN (2022) Form 5500
Creator: INSPIRE COMMUNITIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INSPIRE COMMUNITIES, LLC 401(K) PLAN, INSPIRE COMMUNITIES, LLC

INSPIRE COMMUNITIES, LLCEIN 46-1452494Plan #003PY 2022

4742 24TH STREET, SUITE 325 - PHOENIX, AZ 85016602-478-1253inspirecommunities.comLinkedIn501-1000 employeesreal estate

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.6M

-3.9% from 2021

Total participants

395

-26.9% from 2021

Average account balance

$18,608

-3.2% from 2021

Annual return

-17.49%

-41.35 pp from 2021

Benchmarks

See 645 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort645 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.00M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

127

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.

26.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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 10 of 17 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$18,569
AQR CAPITAL MANAGEMENT LLC1 year Filed as: AQR FUNDS Service code 28 TWO GREENWICH PLAZA, · GREENWICH, CT 06830	Investment Management	$0
BLACKROCK1 year Filed as: BLACKROCK FUNDS Service code 28 · EIN 04-6171663	Investment Management	$0
COHEN & STEERS1 year Filed as: COHEN & STEERS FUNDS Service code 28 · EIN 14-1904657	Investment Management	$0
COLUMBIA1 year Filed as: COLUMBIA FUNDS Service code 28 · EIN 93-0577450	Investment Management	$0
DOUBLELINE CAPITAL LP1 year Filed as: DOUBLELINE FUNDS Service code 28 2002 N. TAMPA ST. SUITE 200 · TAMPA, FL 33602	Investment Management	$0
EATON VANCE1 year Service code 28 · EIN 04-2718215	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
THE HARTFORD1 year Filed as: HARTFORD MUTUAL FUNDS Service code 28 · EIN 13-3317783	Investment Management	$0
JANUS HENDERSON1 year Filed as: JANUS FUNDS Service code 28 · EIN 43-1804048	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$19K

$51 / participant

Other / not subdivided$19K100.0%

% of EOY assets

0.718%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,608

$50,458-63.1%

$160,037-88.4%

$64,824-71.3%

Participation rate

29.1%

68.0%-38.9pp

78.0%-48.9pp

71.5%-42.4pp

Annual return

-17.49%

-13.42%-4.1pp

408.95%-426.4pp

32.84%-50.3pp

Employer contribution / active EE

$876

$1,722-49.1%

$4,226-79.3%

$2,507-65.1%

Participant deferral / active EE

$1,609

$4,004-59.8%

$6,184-74.0%

$4,311-62.7%

Admin fee / account holder

$134

$706-81.1%

$8,716-98.5%

$188-28.9%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$18,569

AQR CAPITAL MANAGEMENT LLC1 year

Filed as: AQR FUNDS

Service code 28

TWO GREENWICH PLAZA, · GREENWICH, CT 06830

Investment Management

BLACKROCK1 year

Filed as: BLACKROCK FUNDS

Service code 28 · EIN 04-6171663

Investment Management

COHEN & STEERS1 year

Filed as: COHEN & STEERS FUNDS

Service code 28 · EIN 14-1904657

Investment Management

COLUMBIA1 year

Filed as: COLUMBIA FUNDS

Service code 28 · EIN 93-0577450

Investment Management

DOUBLELINE CAPITAL LP1 year

Filed as: DOUBLELINE FUNDS

Service code 28

2002 N. TAMPA ST. SUITE 200 · TAMPA, FL 33602

Investment Management

EATON VANCE1 year

Service code 28 · EIN 04-2718215

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

THE HARTFORD1 year

Filed as: HARTFORD MUTUAL FUNDS

Service code 28 · EIN 13-3317783

Investment Management

JANUS HENDERSON1 year

Filed as: JANUS FUNDS

Service code 28 · EIN 43-1804048

Investment Management

INSPIRE COMMUNITIES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INSPIRE COMMUNITIES, LLC 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