Retirement plan

NONPROFIT ASSOCIATION OF THE MIDLANDS 403(B) PLAN

Name: NONPROFIT ASSOCIATION OF THE MIDLAN DS - NONPROFIT ASSOCIATION OF THE MIDLANDS 403(B) PLAN (2023) Form 5500
Creator: NONPROFIT ASSOCIATION OF THE MIDLAN DS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NONPROFIT ASSOCIATION OF THE MIDLANDS 403(B) PLAN, NONPROFIT ASSOCIATION OF THE MIDLAN DS

NONPROFIT ASSOCIATION OF THE MIDLAN DSEIN 47-0778684Plan #001PY 2023

1111 NORTH 13TH ST, SUITE 213 - OMAHA, NE 68102402-557-5800nonprofitam.orgLinkedIn1-10 employeesnon-profit organization management

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$53.4M

+28.1% from 2022

Total participants

4,463

+9.2% from 2022

Average account balance

$18,994

+13.2% from 2022

Annual return

18.91%

+30.73 pp from 2022

Benchmarks

See 268 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$54.81M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

2,744

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.

56.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.55M

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

-0.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$58

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 8 by compensation

Provider	Service type	Compensation
NATIONWIDE9+ years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$129,873
BENEFIT PLANS ADMIN SERVICES, INC.2 years Filed as: BENEFIT PLANS INC Service code 15 16924 FRANCES ST SUITE 100 · OMAHA, NE 681302357	Recordkeeping	$89,847
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS, LLC Service code 26 4208 SIX FORKS ROAD, SUITE 1700 · RALEIGH, NC 27609	Advisory (Participants)	$37,500
CAMBRIDGE INVESTMENT RESEARCH2 years Filed as: CAMBRIDGE INVESTMENT RESEARCH ADV Service code 26 · EIN 20-1665305	Advisory (Participants)	$32,671
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPTRUST Service code 26 P.O. BOX 600071 · RALEIGH, NC 27675	Advisory (Participants)	$20,959
LINCOLN NATIONAL CORPORATION6 years Filed as: LINCOLN NATIONAL CORP Service code 13 150 N RADNOR CHESTER RD · RADNOR, PA 19087	Contract Administrator	$475
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$180
DEBOER & ASSOCIATES, PC4 years Filed as: DEBOER & ASSOCIATES Service code 10 17330 WRIGHT ST SUITE 100 · OMAHA, NE 68130	Accounting	$0

Plan features & details

Pension benefit codes2G2L2M2S2T2X

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$181K

$47 / participant

Investment mgmt$91K50.4%
Contract admin$90K49.6%

% of EOY assets

0.339%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DEBOER & ASSOCIATES, PC
Auditor EIN: 470836395
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,994

$52,960-64.1%

$86,640-78.1%

$80,157-76.3%

Participation rate

57.4%

62.4%-5.0pp

71.7%-14.3pp

72.9%-15.5pp

Annual return

18.91%

24.84%-5.9pp

592.52%-573.6pp

40.39%-21.5pp

Employer contribution / active EE

$767

$2,138-64.1%

$3,024-74.6%

$2,977-74.2%

Participant deferral / active EE

$1,609

$3,226-50.1%

$4,438-63.7%

$5,015-67.9%

Admin fee / account holder

$64

$113-43.1%

$5,616-98.9%

$145-55.6%

Provider

Service type

Compensation

NATIONWIDE9+ years

Service code 13

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$129,873

BENEFIT PLANS ADMIN SERVICES, INC.2 years

Filed as: BENEFIT PLANS INC

Service code 15

16924 FRANCES ST SUITE 100 · OMAHA, NE 681302357

Recordkeeping

$89,847

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 26

4208 SIX FORKS ROAD, SUITE 1700 · RALEIGH, NC 27609

Advisory (Participants)

$37,500

CAMBRIDGE INVESTMENT RESEARCH2 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH ADV

Service code 26 · EIN 20-1665305

Advisory (Participants)

$32,671

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPTRUST

Service code 26

P.O. BOX 600071 · RALEIGH, NC 27675

Advisory (Participants)

$20,959

LINCOLN NATIONAL CORPORATION6 years

Filed as: LINCOLN NATIONAL CORP

Service code 13

150 N RADNOR CHESTER RD · RADNOR, PA 19087

Contract Administrator

$475

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$180

DEBOER & ASSOCIATES, PC4 years

Filed as: DEBOER & ASSOCIATES

Service code 10

17330 WRIGHT ST SUITE 100 · OMAHA, NE 68130

Accounting

NONPROFIT ASSOCIATION OF THE MIDLANDS 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NONPROFIT ASSOCIATION OF THE MIDLANDS 403(B) 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