Retirement plan

BRIDGES TO INDEPENDENCE (B2I), INC. RETIREMENT AND EMPLOYEE SAVINGS PLAN

Name: BRIDGES TO INDEPENDENCE, INC - BRIDGES TO INDEPENDENCE (B2I), INC. RETIREMENT AND EMPLOYEE SAVINGS PLAN (2016) Form 5500
Creator: BRIDGES TO INDEPENDENCE, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRIDGES TO INDEPENDENCE (B2I), INC. RETIREMENT AND EMPLOYEE SAVINGS PLAN, BRIDGES TO INDEPENDENCE, INC

BRIDGES TO INDEPENDENCE, INCEIN 54-1368484Plan #001PY 2016

3103 9TH ROAD NORTH - ARLINGTON, VA 222012125703-525-7177bridges2.orgLinkedIn11-50 employeescivic & social organization

Prospect flagsHigh feesLow participationLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$989K

No prior year

Total participants

No prior year

Average account balance

$44,951

No prior year

Annual return

4.41%

No prior year

Benchmarks

See 109,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,098 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.06M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

195.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74K

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

+12.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$835

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 codes2F2G2L2M2T

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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$203K

$8823 / participant

Other / not subdivided$203K100.0%

% of EOY assets

20.519%

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

$44,951

$181,896-75.3%

$156,551-71.3%

$273,972-83.6%

Participation rate

30.4%

88.4%-58.0pp

84.0%-53.6pp

83.0%-52.6pp

Annual return

4.41%

30.74%-26.3pp

32.23%-27.8pp

41.46%-37.0pp

Employer contribution / active EE

$2,038

$6,248-67.4%

$5,501-63.0%

$4,869-58.1%

Participant deferral / active EE

$706

$5,550-87.3%

$4,871-85.5%

$5,287-86.7%

Admin fee / account holder

$9,224

$15,560-40.7%

$13,028-29.2%

$10,133-9.0%

BRIDGES TO INDEPENDENCE (B2I), INC. RETIREMENT AND EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRIDGES TO INDEPENDENCE (B2I), INC. RETIREMENT AND EMPLOYEE SAVINGS 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