Retirement plan

HOUSING COUNSELING SERVICES, INC. 403(B) TAX DEFERRED ANNUITY PLAN

Name: HOUSING COUNSELING SERVICES, INC. - HOUSING COUNSELING SERVICES, INC. 403(B) TAX DEFERRED ANNUITY PLAN (2022) Form 5500
Creator: HOUSING COUNSELING SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOUSING COUNSELING SERVICES, INC. 403(B) TAX DEFERRED ANNUITY PLAN, HOUSING COUNSELING SERVICES, INC.

HOUSING COUNSELING SERVICES, INC.EIN 52-0958568Plan #001PY 2022

2410 17TH STREET NW, SUITE 100, ADAMS ALLEY - WASHINGTON, DC 20009202-667-7006housingetc.orgLinkedIn51-200 employeesmental health care

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.9M

+3.8% from 2021

Total participants

172

+26.5% from 2021

Average account balance

$49,133

-2.9% from 2021

Annual return

4.63%

-28.56 pp from 2021

Benchmarks

See 19,709 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,709 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.78M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

179

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$747K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+3.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-1140070	Contract Administrator	$3,440

Plan features & details

Pension benefit codes2F2G2L2M2T3D

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.
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.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$3K

$36 / participant

Contract admin$3K100.0%

% of EOY assets

0.048%

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: MARCUM ACCOUNTANTS & ADIVSORS LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,133

$73,839-33.5%

$143,788-65.8%

$68,495-28.3%

Participation rate

65.2%

66.7%-1.4pp

80.3%-15.1pp

67.9%-2.7pp

Annual return

4.63%

1.01%+3.6pp

-0.03%+4.7pp

-7.84%+12.5pp

Employer contribution / active EE

$2,373

$3,184-25.5%

$4,952-52.1%

$2,596-8.6%

Participant deferral / active EE

$3,060

$3,384-9.6%

$5,638-45.7%

$4,028-24.0%

Admin fee / account holder

$24

$5,755-99.6%

$14,675-99.8%

$5,403-99.6%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3 years

Service code 13 · EIN 35-1140070

Contract Administrator

$3,440

HOUSING COUNSELING SERVICES, INC. 403(B) TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOUSING COUNSELING SERVICES, INC. 403(B) TAX DEFERRED ANNUITY 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