Retirement plan

GOODWILL INDUSTRIES OF CENTRAL NORTH CAROLINA, INC. 401K PLAN

Name: GOODWILL INDUSTRIES OF CENTRAL NORTH CAROLINA, INC - GOODWILL INDUSTRIES OF CENTRAL NORTH CAROLINA, INC. 401K PLAN (2017) Form 5500
Creator: GOODWILL INDUSTRIES OF CENTRAL NORTH CAROLINA, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOODWILL INDUSTRIES OF CENTRAL NORTH CAROLINA, INC. 401K PLAN, GOODWILL INDUSTRIES OF CENTRAL NORTH CAROLINA, INC

GOODWILL INDUSTRIES OF CENTRAL NORTH CAROLINA, INCEIN 56-0862842Plan #001PY 2017

1235 SOUTH EUGENE STREET - GREENSBORO, NC 274061309336-275-9801triadgoodwill.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.4M

-4.9% from 2016

Total participants

229

+5.5% from 2016

Average account balance

$25,109

-10.6% from 2016

Annual return

13.23%

+5.83 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.97M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

235

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.

86.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$771K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Filed as: NATIONWIDE TRUST Service code 51 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment Mgmt Fees	$31,202
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS Service code 26	Advisory (Participants)	$12,603
TRINITY PENSION GROUP, LLC3+ years Filed as: TRINITY PENSION GROUP Service code 13 · EIN 20-0235252 4196 MENDENHALL OAKS PWKY · HIGH POINT, NC 27265	Contract Administrator	$12,358
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO WEALTH BROKERAGE Service code 33 3 WACHOVIA CENTER · CHARLOTTE, NC 282880260	Securities brokerage	$1,516
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS LLC Service code 26 3 WACHOVIA CENTER · CHARLOTTE, NC 28288	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$10K

$48 / participant

Contract admin$10K100.0%

% of EOY assets

0.181%

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: DMJ & CO., PLLC
Auditor EIN: 560570567
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,109

$55,453-54.7%

$170,435-85.3%

$62,293-59.7%

Participation rate

94.1%

66.4%+27.7pp

83.6%+10.5pp

69.5%+24.6pp

Annual return

13.23%

21.38%-8.1pp

205.94%-192.7pp

28.90%-15.7pp

Employer contribution / active EE

$1,131

$2,164-47.7%

$5,432-79.2%

$2,042-44.6%

Participant deferral / active EE

$1,767

$2,303-23.2%

$4,939-64.2%

$3,169-44.2%

Admin fee / account holder

$45

$455-90.0%

$13,881-99.7%

$479-90.5%

Provider

Service type

Compensation

NATIONWIDE3+ years

Filed as: NATIONWIDE TRUST

Service code 51 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment Mgmt Fees

$31,202

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO ADVISORS

Service code 26

Advisory (Participants)

$12,603

TRINITY PENSION GROUP, LLC3+ years

Filed as: TRINITY PENSION GROUP

Service code 13 · EIN 20-0235252

4196 MENDENHALL OAKS PWKY · HIGH POINT, NC 27265

Contract Administrator

$12,358

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO WEALTH BROKERAGE

Service code 33

3 WACHOVIA CENTER · CHARLOTTE, NC 282880260

Securities brokerage

$1,516

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISORS LLC

Service code 26

3 WACHOVIA CENTER · CHARLOTTE, NC 28288

Advisory (Participants)

GOODWILL INDUSTRIES OF CENTRAL NORTH CAROLINA, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOODWILL INDUSTRIES OF CENTRAL NORTH CAROLINA, INC. 401K 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