Retirement plan

LIFELINE CHILDREN'S SERVICES, INC. 401(K) PLAN

Name: LIFELINE CHILDREN'S SERVICES, INC. - LIFELINE CHILDREN'S SERVICES, INC. 401(K) PLAN (2022) Form 5500
Creator: LIFELINE CHILDREN'S SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFELINE CHILDREN'S SERVICES, INC. 401(K) PLAN, LIFELINE CHILDREN'S SERVICES, INC.

LIFELINE CHILDREN'S SERVICES, INC.EIN 63-0896878Plan #002PY 2022

200 MISSIONARY RIDGE - BIRMINGHAM, AL 35242205-967-0811LinkedIn51-200 employeesreligious institutions

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$1.2M

-8.5% from 2021

Total participants

161

+21.1% from 2021

Average account balance

$13,796

-19.2% from 2021

Annual return

-17.87%

-42.95 pp from 2021

Benchmarks

See 5,349 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,349 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.71M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$237K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$639

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE2 years Service code 52 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Indirect Investment Fees	$5,958
ONEASCENT FINANCIAL SERVICES LLC2 years Service code 27 · EIN 81-5448947 23 INVERNESS CENTER PKWY · BIRMINGHAM, AL 35242	Advisory (Plan)	$2,792
THE RETIREMENT ADVANTAGE INC2 years Filed as: THE RETIREMENT ADVANTAGE, INC Service code 14 · EIN 39-1816008 47 PARK PLACE SUITE 850 · APPLETON, WI 54914	Plan Administrator	$2,266
LEAFHOUSE FINANCIAL ADVISORS, LLC2 years Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC Service code 27 · EIN 26-4311657 6504 BRIDGEPOINT PARKWAY STE 450 · AUSTIN, TX 78730	Advisory (Plan)	$558

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WARREN AVERETT
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,796

$65,092-78.8%

$143,799-90.4%

$66,938-79.4%

Participation rate

46.5%

65.2%-18.7pp

80.3%-33.8pp

69.8%-23.3pp

Annual return

-17.87%

-11.14%-6.7pp

-0.04%-17.8pp

1.58%-19.4pp

Employer contribution / active EE

$101

$2,362-95.7%

$4,952-98.0%

$2,545-96.0%

Participant deferral / active EE

$1,074

$2,920-63.2%

$5,638-81.0%

$4,238-74.7%

Admin fee / account holder

$502-100.0%

$14,677-100.0%

$594-100.0%

Provider

Service type

Compensation

NATIONWIDE2 years

Service code 52

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Indirect Investment Fees

$5,958

ONEASCENT FINANCIAL SERVICES LLC2 years

Service code 27 · EIN 81-5448947

23 INVERNESS CENTER PKWY · BIRMINGHAM, AL 35242

Advisory (Plan)

$2,792

THE RETIREMENT ADVANTAGE INC2 years

Filed as: THE RETIREMENT ADVANTAGE, INC

Service code 14 · EIN 39-1816008

47 PARK PLACE SUITE 850 · APPLETON, WI 54914

Plan Administrator

$2,266

LEAFHOUSE FINANCIAL ADVISORS, LLC2 years

Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC

Service code 27 · EIN 26-4311657

6504 BRIDGEPOINT PARKWAY STE 450 · AUSTIN, TX 78730

Advisory (Plan)

$558

LIFELINE CHILDREN'S SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

LIFELINE CHILDREN'S SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion