Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF SPECIAL OLYMPICS NORTH CAROLINA, INC.

Name: SPECIAL OLYMPICS NORTH CAROLINA - 403(B) THRIFT PLAN FOR EMPLOYEES OF SPECIAL OLYMPICS NORTH CAROLINA, INC. (2023) Form 5500
Creator: SPECIAL OLYMPICS NORTH CAROLINA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF SPECIAL OLYMPICS NORTH CAROLINA, INC., SPECIAL OLYMPICS NORTH CAROLINA

SPECIAL OLYMPICS NORTH CAROLINAEIN 56-1149607Plan #002PY 2023

2200 GATEWAY CENTRE BLVD STE 201 - MORRISVILLE, NC 275609122919-719-7662sonc.netLinkedIn11-50 employeessports

Other plans on this EIN

1 filing

#001Retirement-$100K assets

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.3M

+24.8% from 2022

Total participants

+1.9% from 2022

Average account balance

$53,742

+18.8% from 2022

Annual return

17.42%

+37.18 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.62M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

104.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$124K

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

+16.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3104

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 codes2G3D2J2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$472

$12 / participant

Other / not subdivided$472100.0%

% of EOY assets

0.021%

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

$53,742

$57,305-6.2%

$86,640-38.0%

$75,173-28.5%

Participation rate

65.8%

63.2%+2.6pp

71.7%-5.9pp

67.2%-1.4pp

Annual return

17.42%

2674.24%-2656.8pp

592.52%-575.1pp

160.72%-143.3pp

Employer contribution / active EE

$1,166

$2,316-49.7%

$3,024-61.5%

$2,671-56.4%

Participant deferral / active EE

$2,344

$3,320-29.4%

$4,438-47.2%

$4,126-43.2%

Admin fee / account holder

$11

$4,116-99.7%

$5,616-99.8%

$5,651-99.8%

403(B) THRIFT PLAN FOR EMPLOYEES OF SPECIAL OLYMPICS NORTH CAROLINA, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF SPECIAL OLYMPICS NORTH CAROLINA, 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