Retirement plan

TAX DEFERRED ANNUITY PLAN OF FOOD BANK OF LINCOLN, INC.

Name: FOOD BANK OF LINCOLN, INC. - TAX DEFERRED ANNUITY PLAN OF FOOD BANK OF LINCOLN, INC. (2021) Form 5500
Creator: FOOD BANK OF LINCOLN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAX DEFERRED ANNUITY PLAN OF FOOD BANK OF LINCOLN, INC., FOOD BANK OF LINCOLN, INC.

FOOD BANK OF LINCOLN, INC.EIN 47-0640293Plan #001PY 2021

4840 DORIS BAIR CIR STE A - LINCOLN, NE 685041465402-466-8170lincolnfoodbank.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh feesLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$386K

+9.0% from 2020

Total participants

+15.0% from 2020

Average account balance

$17,525

-5.9% from 2020

Annual return

14.29%

-0.76 pp from 2020

Benchmarks

See 103,184 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,184 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$653K

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

108.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$171K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+214.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$850

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 codes2F2G

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.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$69K

$4898 / participant

Other / not subdivided$69K100.0%

% of EOY assets

17.785%

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

$17,525

$217,432-91.9%

$185,849-90.6%

$167,536-89.5%

Participation rate

92.9%

86.1%+6.8pp

81.7%+11.1pp

82.1%+10.7pp

Annual return

14.29%

148.42%-134.1pp

122.10%-107.8pp

478.82%-464.5pp

Employer contribution / active EE

$5,875-100.0%

$5,169-100.0%

$4,839-100.0%

Participant deferral / active EE

$3,559

$6,357-44.0%

$5,569-36.1%

$6,342-43.9%

Admin fee / account holder

$3,117

$19,818-84.3%

$16,244-80.8%

$12,315-74.7%

TAX DEFERRED ANNUITY PLAN OF FOOD BANK OF LINCOLN, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAX DEFERRED ANNUITY PLAN OF FOOD BANK OF LINCOLN, 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