Retirement plan

DEPAUL COMMUNITY RESOURCES 403B PLAN

Name: DEPAUL COMMUNITY RESOURCES - DEPAUL COMMUNITY RESOURCES 403B PLAN (2020) Form 5500
Creator: DEPAUL COMMUNITY RESOURCES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEPAUL COMMUNITY RESOURCES 403B PLAN, DEPAUL COMMUNITY RESOURCES

DEPAUL COMMUNITY RESOURCESEIN 54-1108079Plan #003PY 2020

5650 HOLLINS ROAD - ROANOKE, VA 240195056540-265-8923depaulcr.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.8M

+5.7% from 2019

Total participants

242

-14.2% from 2019

Average account balance

$24,546

+21.7% from 2019

Annual return

11.73%

-6.23 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$223K

Not enough data

1 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

-98.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 6 by compensation

Provider	Service type	Compensation
PENSIONMARK FINANCIAL GROUP LLC3 years Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 24 E COTA STREET · SANTA BARBARA, CA 93101	Advisory (Plan)	$25,000
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GREAT WEST LIFE & ANNUITY INS CO Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$23,448
EPIC RETIREMENT PLAN SERVICES3 years Filed as: RETIREMENT PLAN SOLUTIONS Service code 13 535 KEISLER DRIVE · CARY, NC 27518	Contract Administrator	$14,198
FOTI FLYNN LOWEN & COMPANY PC2 years Service code 10 PO BOX 12765 · ROANOKE, VA 24028	Accounting	$10,500
EPIC RETIREMENT PLAN SERVICES3 years Filed as: RETIREMENT PLAN SOLUTIONS, INC Service code 13	Contract Administrator	$5,058
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$57

Plan features & details

Pension benefit codes2E2F2G2K2L2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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

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

$72K

$432 / participant

Contract admin$72K100.0%

% of EOY assets

1.240%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FOTI, FLYNN, LOWEN & CO., P.C.
Auditor EIN: 208087076
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,546

$58,895-58.3%

$178,503-86.2%

$73,497-66.6%

Participation rate

97.0%

66.2%+30.8pp

81.9%+15.1pp

70.7%+26.3pp

Annual return

11.73%

24.86%-13.1pp

151.12%-139.4pp

28.51%-16.8pp

Employer contribution / active EE

$1,461

$2,236-34.7%

$5,011-70.8%

$2,270-35.6%

Participant deferral / active EE

$1,866

$2,567-27.3%

$5,202-64.1%

$3,740-50.1%

Admin fee / account holder

$304

$400-24.0%

$13,987-97.8%

$513-40.7%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC3 years

Filed as: PENSIONMARK FINANCIAL GROUP, LLC

Service code 27

24 E COTA STREET · SANTA BARBARA, CA 93101

Advisory (Plan)

$25,000

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GREAT WEST LIFE & ANNUITY INS CO

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$23,448

EPIC RETIREMENT PLAN SERVICES3 years

Filed as: RETIREMENT PLAN SOLUTIONS

Service code 13

535 KEISLER DRIVE · CARY, NC 27518

Contract Administrator

$14,198

FOTI FLYNN LOWEN & COMPANY PC2 years

Service code 10

PO BOX 12765 · ROANOKE, VA 24028

Accounting

$10,500

EPIC RETIREMENT PLAN SERVICES3 years

Filed as: RETIREMENT PLAN SOLUTIONS, INC

Service code 13

Contract Administrator

$5,058

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$57

DEPAUL COMMUNITY RESOURCES 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEPAUL COMMUNITY RESOURCES 403B 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