Retirement plan

403(B) THRIFT PLAN OF FERD AND GLADYS ALPERT JEWISH FAMILY CHILDRENS SERVICE OF PALM BEACH CO

Name: FERD AND GLADYS ALPERT JEWISH FAMILY CHILDRENS SERVICE OF PALM BEACH - 403(B) THRIFT PLAN OF FERD AND GLADYS ALPERT JEWISH FAMILY CHILDRENS SERVICE OF PALM BEACH CO (2023) Form 5500
Creator: FERD AND GLADYS ALPERT JEWISH FAMILY CHILDRENS SERVICE OF PALM BEACH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF FERD AND GLADYS ALPERT JEWISH FAMILY CHILDRENS SERVICE OF PALM BEACH CO, FERD AND GLADYS ALPERT JEWISH FAMILY CHILDRENS SERVICE OF PALM BEACH

FERD AND GLADYS ALPERT JEWISH FAMILY CHILDRENS SERVICE OF PALM BEACHEIN 59-1520581Plan #002PY 2023

5841 CORPORATE WAY - WEST PALM BEACH, FL 334072039561-684-1991LinkedIn201-500 employeesmedical practice

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.9M

-14.1% from 2021

Total participants

188

-1.1% from 2021

Average account balance

$40,566

-13.6% from 2021

Annual return

15.76%

+1.76 pp from 2021

Benchmarks

See 1,917 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,917 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.31M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

215

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.

87.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$308K

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

+30.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11

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 2 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP5 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Recordkeeping and information managem...	$462
LINCOLN NATIONAL CORPORATION8 years Service code 13 · EIN 35-1140070	Contract Administrator	$212

Plan features & details

Pension benefit codes2G3D2J2K2E2S2T

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$701

$5 / participant

Other / not subdivided$701100.0%

% of EOY assets

0.010%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, PC
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,566

$58,312-30.4%

$86,656-53.2%

$71,529-43.3%

Participation rate

88.0%

65.0%+23.0pp

71.7%+16.3pp

67.9%+20.1pp

Annual return

15.76%

24.08%-8.3pp

593.09%-577.3pp

28.97%-13.2pp

Employer contribution / active EE

$2,576-100.0%

$3,025-100.0%

$2,590-100.0%

Participant deferral / active EE

$1,932

$3,439-43.8%

$4,439-56.5%

$4,291-55.0%

Admin fee / account holder

$1,057-99.6%

$5,619-99.9%

$1,588-99.7%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP5 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Recordkeeping and information managem...

$462

LINCOLN NATIONAL CORPORATION8 years

Service code 13 · EIN 35-1140070

Contract Administrator

$212

403(B) THRIFT PLAN OF FERD AND GLADYS ALPERT JEWISH FAMILY CHILDRENS SERVICE OF PALM BEACH CO

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF FERD AND GLADYS ALPERT JEWISH FAMILY CHILDRENS SERVICE OF PALM BEACH CO

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