Retirement plan

EMPLOYEE BENEFIT PLAN OF NEEDLE'S EYE MINISTRIES, INC.

Name: NEEDLE'S EYE MINISTRIES, INC. - EMPLOYEE BENEFIT PLAN OF NEEDLE'S EYE MINISTRIES, INC. (2020) Form 5500
Creator: NEEDLE'S EYE MINISTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF NEEDLE'S EYE MINISTRIES, INC., NEEDLE'S EYE MINISTRIES, INC.

NEEDLE'S EYE MINISTRIES, INC.EIN 54-1057092Plan #002PY 2020

104 BERRINGTON COURT - RICHMOND, VA 23221804-358-1283

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$581K

+16.0% from 2019

Total participants

-20.0% from 2019

Average account balance

$145,306

+45.0% from 2019

Annual return

14.15%

-20.42 pp from 2019

Benchmarks

See 36,205 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,205 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$185K

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6K

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

+17.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$177117

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 codes2F2G2L

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$15K

$4858 / participant

Other / not subdivided$15K100.0%

% of EOY assets

2.507%

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

$145,306

$100,911+44.0%

$90,440+60.7%

$158,966-8.6%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

14.15%

1726.62%-1712.5pp

1294.38%-1280.2pp

302.95%-288.8pp

Employer contribution / active EE

$3,690-100.0%

$3,263-100.0%

$4,762-100.0%

Participant deferral / active EE

$7,969

$4,348+83.3%

$3,964+101.1%

$5,983+33.2%

Admin fee / account holder

$3,643

$6,507-44.0%

$5,615-35.1%

$11,250-67.6%

EMPLOYEE BENEFIT PLAN OF NEEDLE'S EYE MINISTRIES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF NEEDLE'S EYE MINISTRIES, INC.

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