Retirement plan

THE FAMILY AND CHILDREN'S SERVICES OF CENTRAL MARYLAND 403(B) PLAN

Name: FAMILY AND CHILDREN'S SERVICES OF CENTRAL MARYLAND, INC. - THE FAMILY AND CHILDREN'S SERVICES OF CENTRAL MARYLAND 403(B) PLAN (2023) Form 5500
Creator: FAMILY AND CHILDREN'S SERVICES OF CENTRAL MARYLAND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE FAMILY AND CHILDREN'S SERVICES OF CENTRAL MARYLAND 403(B) PLAN, FAMILY AND CHILDREN'S SERVICES OF CENTRAL MARYLAND, INC.

FAMILY AND CHILDREN'S SERVICES OF CENTRAL MARYLAND, INC.EIN 52-0591546Plan #001PY 2023

4623 FALLS ROAD - BALTIMORE, MD 21209410-366-1980

Prospect flagsLow returnsLow participationRecently reached 100 employees

How to read this page

Total assets (EOY)

$1.6M

+29.3% from 2022

Total participants

131

-0.8% from 2022

Average account balance

$16,036

+19.2% from 2022

Annual return

12.69%

+26.51 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.66M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

65.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$339K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$273

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 1 by compensation

Provider	Service type	Compensation
NWPS3 years Service code 15 · EIN 91-2090931 300 E. JOPPA RD, STE 601 · TOWSON, MD 21286	Recordkeeping	$11,241

Plan features & details

Pension benefit codes2F2G2M2S2T

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.
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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$17K

$200 / participant

Investment mgmt$5K29.4%
Other / not subdivided$12K70.6%

% of EOY assets

1.012%

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: ELLIN & TUCKER, CHARTERED
Auditor EIN: 520959934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,036

$77,908-79.4%

$149,696-89.3%

$75,173-78.7%

Participation rate

65.1%

65.6%-0.5pp

78.8%-13.7pp

67.2%-2.1pp

Annual return

12.69%

31.73%-19.0pp

134.46%-121.8pp

160.72%-148.0pp

Employer contribution / active EE

$832

$3,138-73.5%

$4,821-82.7%

$2,671-68.9%

Participant deferral / active EE

$2,131

$3,411-37.5%

$5,682-62.5%

$4,126-48.3%

Admin fee / account holder

$162

$5,950-97.3%

$13,212-98.8%

$5,651-97.1%

Provider

Service type

Compensation

NWPS3 years

Service code 15 · EIN 91-2090931

300 E. JOPPA RD, STE 601 · TOWSON, MD 21286

Recordkeeping

$11,241

THE FAMILY AND CHILDREN'S SERVICES OF CENTRAL MARYLAND 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE FAMILY AND CHILDREN'S SERVICES OF CENTRAL MARYLAND 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