Retirement plan

GOODWILL OF CENTRAL ALABAMA FEDERAL CONTRACT EMPLOYEE'S PLAN

Name: GOODWILL INDUSTRIES OF CENTRAL ALABAMA, INC. - GOODWILL OF CENTRAL ALABAMA FEDERAL CONTRACT EMPLOYEE'S PLAN (2024) Form 5500
Creator: GOODWILL INDUSTRIES OF CENTRAL ALABAMA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOODWILL OF CENTRAL ALABAMA FEDERAL CONTRACT EMPLOYEE'S PLAN, GOODWILL INDUSTRIES OF CENTRAL ALABAMA, INC.

GOODWILL INDUSTRIES OF CENTRAL ALABAMA, INC.EIN 63-0522335Plan #001PY 2024

900 AIRBASE BOULEVARD - MONTGOMERY, AL 36108334-263-4633algoodwill.orgLinkedIn201-500 employeesnon-profit organization management

Other plans on this EIN

1 filing

#004Retirement-$1.5M assets

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$3.9M

+19.4% from 2023

Total participants

371

+10.4% from 2023

Average account balance

$10,660

+8.7% from 2023

Annual return

6.96%

+2.54 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.92M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

368

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$603K

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

+6.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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 3 by compensation

Provider	Service type	Compensation
CORPORATE FINANCIAL SERVICES, LLC10+ years Service code 15 · EIN 80-0138348	Recordkeeping	$16,326
NATIONWIDE6 years Service code 15 · EIN 31-4156830	Recordkeeping	$7,067
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA INVESTMENT SERVICES, LLC Service code 26 5707 SOUTHWEST PKWY, BUILDING 400 · AUSTIN, TX 78735	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2G2J2K

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.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$20K

$149 / participant

Contract admin$20K100.0%

% of EOY assets

0.511%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BLACK & PINCKARD
Auditor EIN: 260079381
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,660

$55,437-80.8%

$155,534-93.1%

$74,459-85.7%

Participation rate

97.8%

61.9%+35.9pp

78.2%+19.6pp

67.2%+30.6pp

Annual return

6.96%

269.58%-262.6pp

64.92%-58.0pp

1369.70%-1362.7pp

Employer contribution / active EE

$4,398

$2,266+94.1%

$4,675-5.9%

$2,626+67.5%

Participant deferral / active EE

$70

$2,837-97.5%

$5,630-98.8%

$4,350-98.4%

Admin fee / account holder

$54

$1,742-96.9%

$15,900-99.7%

$1,945-97.2%

Provider

Service type

Compensation

CORPORATE FINANCIAL SERVICES, LLC10+ years

Service code 15 · EIN 80-0138348

Recordkeeping

$16,326

NATIONWIDE6 years

Service code 15 · EIN 31-4156830

Recordkeeping

$7,067

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA INVESTMENT SERVICES, LLC

Service code 26

5707 SOUTHWEST PKWY, BUILDING 400 · AUSTIN, TX 78735

Advisory (Participants)

GOODWILL OF CENTRAL ALABAMA FEDERAL CONTRACT EMPLOYEE'S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOODWILL OF CENTRAL ALABAMA FEDERAL CONTRACT EMPLOYEE'S 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