Retirement plan

EMPLOYEE BENEFIT PLAN OF THE FRIENDS ASSOCIATION FOR CHILDREN

Name: THE FRIENDS ASSOCIATION FOR CHILDREN - EMPLOYEE BENEFIT PLAN OF THE FRIENDS ASSOCIATION FOR CHILDREN (2020) Form 5500
Creator: THE FRIENDS ASSOCIATION FOR CHILDREN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF THE FRIENDS ASSOCIATION FOR CHILDREN, THE FRIENDS ASSOCIATION FOR CHILDREN

THE FRIENDS ASSOCIATION FOR CHILDRENEIN 54-0505899Plan #003PY 2020

1004 ST JOHN ST - RICHMOND, VA 232202525804-644-2357

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.2M

-4.8% from 2019

Total participants

+4.2% from 2019

Average account balance

$47,564

-4.8% from 2019

Annual return

5.15%

-17.61 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.47M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

168.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$100K

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

+10.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2323

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 codes2F2G2T

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$283K

$10120 / participant

Other / not subdivided$283K100.0%

% of EOY assets

12.675%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$47,564

$91,198-47.8%

$178,503-73.4%

$79,856-40.4%

Participation rate

89.3%

69.2%+20.1pp

81.9%+7.4pp

69.6%+19.6pp

Annual return

5.15%

24.20%-19.0pp

151.12%-146.0pp

31.71%-26.6pp

Employer contribution / active EE

$650

$3,257-80.0%

$5,011-87.0%

$2,471-73.7%

Participant deferral / active EE

$1,089

$3,237-66.4%

$5,202-79.1%

$3,741-70.9%

Admin fee / account holder

$6,029

$6,748-10.7%

$13,987-56.9%

$5,306+13.6%

EMPLOYEE BENEFIT PLAN OF THE FRIENDS ASSOCIATION FOR CHILDREN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF THE FRIENDS ASSOCIATION FOR CHILDREN

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