Retirement plan

EMPLOYEE BENEFIT PLAN OF HEALTHY START COALITION OF MIAMI- DADE, INC.

Name: HEALTHY START COALITION OF MIA - EMPLOYEE BENEFIT PLAN OF HEALTHY START COALITION OF MIAMI- DADE, INC. (2023) Form 5500
Creator: HEALTHY START COALITION OF MIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF HEALTHY START COALITION OF MIAMI- DADE, INC., HEALTHY START COALITION OF MIA

HEALTHY START COALITION OF MIAEIN 65-1102736Plan #001PY 2023

7205 NW 19TH ST STE 500 - MIAMI, FL 331261231305-541-0210hscmd.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$420K

+34.0% from 2022

Total participants

+22.2% from 2022

Average account balance

$11,346

-34.8% from 2022

Annual return

17.76%

+32.60 pp from 2022

Benchmarks

See 107,959 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,959 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$550K

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.

177.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67K

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

+26.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1464

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 codes2G3D2J2E2T

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.
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 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

$10K

$645 / participant

Other / not subdivided$10K100.0%

% of EOY assets

2.305%

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

$11,346

$175,259-93.5%

$149,723-92.4%

$139,487-91.9%

Participation rate

53.3%

83.4%-30.1pp

78.8%-25.4pp

80.3%-27.0pp

Annual return

17.76%

166.82%-149.1pp

134.50%-116.7pp

373.84%-356.1pp

Employer contribution / active EE

$1,972

$5,478-64.0%

$4,821-59.1%

$4,755-58.5%

Participant deferral / active EE

$2,062

$6,522-68.4%

$5,682-63.7%

$6,713-69.3%

Admin fee / account holder

$262

$16,158-98.4%

$13,215-98.0%

$11,407-97.7%

EMPLOYEE BENEFIT PLAN OF HEALTHY START COALITION OF MIAMI- DADE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF HEALTHY START COALITION OF MIAMI- DADE, 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