Retirement plan

403(B) THRIFT PLAN OF THE LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS, INC.

Name: THE LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS, INC - 403(B) THRIFT PLAN OF THE LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS, INC. (2024) Form 5500
Creator: THE LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF THE LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS, INC., THE LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS, INC

THE LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS, INCEIN 72-0408941Plan #002PY 2024

123 STATE ST - NEW ORLEANS, LA 701185733504-899-4501

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.9M

+9.7% from 2023

Total participants

198

-15.0% from 2023

Average account balance

$26,841

+25.5% from 2023

Annual return

14.90%

+20.29 pp from 2023

Benchmarks

See 2,053 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,053 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.72M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

110

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.

75.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$280K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+4.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11

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 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP5 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Account maintenance fees; Participant...	$1,090

Plan features & details

Pension benefit codes2G2J2K2E2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$881

$8 / participant

Other / not subdivided$881100.0%

% of EOY assets

0.022%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,841

$60,454-55.6%

$81,844-67.2%

$74,459-64.0%

Participation rate

51.9%

63.0%-11.1pp

72.4%-20.5pp

67.2%-15.4pp

Annual return

14.90%

16.87%-2.0pp

778.87%-764.0pp

1369.70%-1354.8pp

Employer contribution / active EE

$950

$2,630-63.9%

$2,916-67.4%

$2,626-63.8%

Participant deferral / active EE

$1,562

$3,398-54.0%

$4,323-63.9%

$4,350-64.1%

Admin fee / account holder

$1,490-99.6%

$7,355-99.9%

$1,945-99.7%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP5 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Account maintenance fees; Participant...

$1,090

403(B) THRIFT PLAN OF THE LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF THE LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS, 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