Retirement plan

BACK TO THE BIBLE 403(B)(7) RETIREMENT PLAN

Name: THE GOOD NEWS BROADCASTING ASSOCIATION, INC. - BACK TO THE BIBLE 403(B)(7) RETIREMENT PLAN (2018) Form 5500
Creator: THE GOOD NEWS BROADCASTING ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BACK TO THE BIBLE 403(B)(7) RETIREMENT PLAN, THE GOOD NEWS BROADCASTING ASSOCIATION, INC.

THE GOOD NEWS BROADCASTING ASSOCIATION, INC.dba BACK TO THE BIBLEEIN 47-0405317Plan #001PY 2018

6400 CORNHUSKER HWY - LINCOLN, NE 68501402-464-7200LinkedIn11-50 employeescivic & social organization

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.9M

-4.5% from 2017

Total participants

+2.5% from 2017

Average account balance

$54,959

-1.6% from 2017

Annual return

-5.48%

-20.52 pp from 2017

Benchmarks

See 33,727 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort33,727 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.40M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

169.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$155K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7530

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 codes2F2G2M2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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.
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

$132K

$6586 / participant

Other / not subdivided$132K100.0%

% of EOY assets

7.049%

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

$54,959

$90,606-39.3%

$79,466-30.8%

$135,379-59.4%

Participation rate

65.0%

76.0%-11.0pp

73.3%-8.3pp

82.6%-17.6pp

Annual return

-5.48%

977.69%-983.2pp

718.28%-723.8pp

519.79%-525.3pp

Employer contribution / active EE

$954

$3,068-68.9%

$2,800-65.9%

$4,779-80.0%

Participant deferral / active EE

$5,853

$4,050+44.5%

$3,704+58.0%

$5,609+4.3%

Admin fee / account holder

$3,874

$5,895-34.3%

$5,104-24.1%

$10,828-64.2%

BACK TO THE BIBLE 403(B)(7) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BACK TO THE BIBLE 403(B)(7) 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