Retirement plan

HOLY ANGELS, INC. 403(B) RETIREMENT SAVINGS PLAN

Name: HOLY ANGELS, INC. - HOLY ANGELS, INC. 403(B) RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: HOLY ANGELS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOLY ANGELS, INC. 403(B) RETIREMENT SAVINGS PLAN, HOLY ANGELS, INC.

HOLY ANGELS, INC.EIN 51-0230406Plan #001PY 2024

BOX 710 - BELMONT, NC 28012704-825-4161holyangelsnc.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$6.4M

+6.6% from 2023

Total participants

593

+8.2% from 2023

Average account balance

$12,651

-4.7% from 2023

Annual return

9.73%

-13.69 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.44M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

509

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.

77.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$707K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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 3 by compensation

Provider	Service type	Compensation
STANLEY BENEFIT SERVICES, INC.4 years Filed as: STANLEY BENEFIT SERVICES Service code 15 · EIN 20-6004000	Recordkeeping	$52,690
FUND DIRECT ADVISORS4 years Service code 51 · EIN 27-3584365	Investment Mgmt Fees	$13,770
PRONVEST10+ years Service code 51 · EIN 62-1823351	Investment Mgmt Fees	$9,176

Plan features & details

Pension benefit codes2A2G2M2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$76K

$205 / participant

Contract admin$76K100.0%

% of EOY assets

1.175%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,651

$50,902-75.1%

$155,534-91.9%

$77,736-83.7%

Participation rate

77.2%

63.1%+14.1pp

78.2%-1.0pp

70.6%+6.7pp

Annual return

9.73%

34.85%-25.1pp

64.92%-55.2pp

31.26%-21.5pp

Employer contribution / active EE

$650

$1,991-67.3%

$4,675-86.1%

$2,728-76.2%

Participant deferral / active EE

$1,266

$2,824-55.2%

$5,630-77.5%

$4,651-72.8%

Admin fee / account holder

$149

$437-66.0%

$15,900-99.1%

$433-65.7%

Provider

Service type

Compensation

STANLEY BENEFIT SERVICES, INC.4 years

Filed as: STANLEY BENEFIT SERVICES

Service code 15 · EIN 20-6004000

Recordkeeping

$52,690

FUND DIRECT ADVISORS4 years

Service code 51 · EIN 27-3584365

Investment Mgmt Fees

$13,770

PRONVEST10+ years

Service code 51 · EIN 62-1823351

Investment Mgmt Fees

$9,176

HOLY ANGELS, INC. 403(B) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOLY ANGELS, INC. 403(B) RETIREMENT SAVINGS 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