Retirement plan

EMPLOYEE BENEFITS PLAN OF HEIGHTENED INDEPENDENCE AND PROGRESS

Name: HEIGHTENED INDEPENDENCE AND PROGRESS,INC - EMPLOYEE BENEFITS PLAN OF HEIGHTENED INDEPENDENCE AND PROGRESS (2023) Form 5500
Creator: HEIGHTENED INDEPENDENCE AND PROGRESS,INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFITS PLAN OF HEIGHTENED INDEPENDENCE AND PROGRESS, HEIGHTENED INDEPENDENCE AND PROGRESS,INC

HEIGHTENED INDEPENDENCE AND PROGRESS,INCEIN 52-8267060Plan #001PY 2023

131 MAIN STREET STE 120 - HACKENSACK, NJ 07601201-996-9100hipcil.orgLinkedIn11-50 employeesindividual & family services

Other plans on this EIN

2 filings

#002Retirement-$289K assets #003Retirement-$261K assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$301K

-1.2% from 2022

Total participants

0.0% from 2022

Average account balance

$33,455

-1.2% from 2022

Annual return

3.05%

+3.05 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$261K

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

400.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+3.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6394

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 codes2F2G3D

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

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

$33,455

$175,257-80.9%

$149,717-77.7%

$139,456-76.0%

Participation rate

83.3%

83.4%-0.1pp

78.8%+4.6pp

80.3%+3.0pp

Annual return

3.05%

166.70%-163.6pp

134.41%-131.4pp

373.45%-370.4pp

Employer contribution / active EE

$5,477-100.0%

$4,820-100.0%

$4,753-100.0%

Participant deferral / active EE

$6,521-100.0%

$5,682-100.0%

$6,711-100.0%

Admin fee / account holder

$16,156-100.0%

$13,213-100.0%

$11,407-100.0%

EMPLOYEE BENEFITS PLAN OF HEIGHTENED INDEPENDENCE AND PROGRESS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

EMPLOYEE BENEFITS PLAN OF HEIGHTENED INDEPENDENCE AND PROGRESS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion