Retirement plan

ARKANSAS ADVOCATES FOR CHILDREN AND FAMILIES 401K PLAN

Name: ARKANSAS ADVOCATES FOR CHILDREN AND FAMILIES, INC. - ARKANSAS ADVOCATES FOR CHILDREN AND FAMILIES 401K PLAN (2023) Form 5500
Creator: ARKANSAS ADVOCATES FOR CHILDREN AND FAMILIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARKANSAS ADVOCATES FOR CHILDREN AND FAMILIES 401K PLAN, ARKANSAS ADVOCATES FOR CHILDREN AND FAMILIES, INC.

ARKANSAS ADVOCATES FOR CHILDREN AND FAMILIES, INC.EIN 71-0492205Plan #002PY 2023

1400 W MARKHAM ST STE 306 - LITTLE ROCK, AR 722011844501-371-9678aradvocates.orgLinkedIn1-10 employeesnon-profit organization management

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

+6.6% from 2022

Total participants

-6.3% from 2022

Average account balance

$112,175

+6.6% from 2022

Annual return

21.62%

+43.04 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.40M

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$219K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+17.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4469

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 codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$405K

$31128 / participant

Other / not subdivided$405K100.0%

% of EOY assets

25.767%

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

$112,175

$96,691+16.0%

$86,656+29.4%

$139,487-19.6%

Participation rate

92.3%

74.4%+17.9pp

71.7%+20.6pp

80.3%+12.0pp

Annual return

21.62%

106.87%-85.2pp

593.09%-571.5pp

373.84%-352.2pp

Employer contribution / active EE

$5,017

$3,267+53.6%

$3,025+65.8%

$4,755+5.5%

Participant deferral / active EE

$9,036

$4,838+86.8%

$4,439+103.5%

$6,713+34.6%

Admin fee / account holder

$28,904

$6,414+350.6%

$5,619+414.4%

$11,407+153.4%

ARKANSAS ADVOCATES FOR CHILDREN AND FAMILIES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARKANSAS ADVOCATES FOR CHILDREN AND FAMILIES 401K 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