Retirement plan

403(B) THRIFT PLAN OF VOLUNTEERS FOR COMMUNITY IMPACT INCORPORATED

Name: VOLUNTEERS FOR COMMUNITY IMPACT INCORPORATED - 403(B) THRIFT PLAN OF VOLUNTEERS FOR COMMUNITY IMPACT INCORPORATED (2022) Form 5500
Creator: VOLUNTEERS FOR COMMUNITY IMPACT INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF VOLUNTEERS FOR COMMUNITY IMPACT INCORPORATED, VOLUNTEERS FOR COMMUNITY IMPACT INCORPORATED

VOLUNTEERS FOR COMMUNITY IMPACT INCORPORATEDEIN 59-1626348Plan #001PY 2022

3545 LAKE BREEZE DR - ORLANDO, FL 328083028407-298-4180vcifl.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh feesLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$378K

-11.6% from 2021

Total participants

-7.4% from 2021

Average account balance

$16,453

+3.7% from 2021

Annual return

-9.53%

-27.37 pp from 2021

Benchmarks

See 105,930 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,930 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$475K

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

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

-7.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1161

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 codes2F2G2S2T3D

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.
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

3 tripped

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.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$51K

$4225 / participant

Other / not subdivided$51K100.0%

% of EOY assets

13.397%

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

$16,453

$167,353-90.2%

$143,797-88.6%

$134,545-87.8%

Participation rate

83.3%

84.8%-1.5pp

80.3%+3.0pp

81.2%+2.1pp

Annual return

-9.53%

0.48%-10.0pp

-0.04%-9.5pp

418.37%-427.9pp

Employer contribution / active EE

$2,107

$5,620-62.5%

$4,952-57.5%

$4,742-55.6%

Participant deferral / active EE

$1,335

$6,447-79.3%

$5,638-76.3%

$6,401-79.1%

Admin fee / account holder

$2,204

$18,096-87.8%

$14,679-85.0%

$11,431-80.7%

403(B) THRIFT PLAN OF VOLUNTEERS FOR COMMUNITY IMPACT INCORPORATED

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF VOLUNTEERS FOR COMMUNITY IMPACT INCORPORATED

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