Retirement plan

EMPLOYEE BENEFIT PLAN OF THE WELLSPRING ALLIANCE FOR FAMILIES, INC.

Name: THE WELLSPRING ALLIANCE FOR FAMILIES, INC. - EMPLOYEE BENEFIT PLAN OF THE WELLSPRING ALLIANCE FOR FAMILIES, INC. (2021) Form 5500
Creator: THE WELLSPRING ALLIANCE FOR FAMILIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF THE WELLSPRING ALLIANCE FOR FAMILIES, INC., THE WELLSPRING ALLIANCE FOR FAMILIES, INC.

THE WELLSPRING ALLIANCE FOR FAMILIES, INC.EIN 72-0442226Plan #001PY 2021

1515 JACKSON ST - MONROE, LA 712022063318-651-9314LinkedIn1-10 employeesnon-profit organization management

Prospect flagsLow employer contributionLow participant contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$2.7M

+24.8% from 2020

Total participants

110

+8.9% from 2020

Average account balance

$26,155

+10.5% from 2020

Annual return

15.98%

+2.48 pp from 2020

Benchmarks

See 351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Cohort351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.05M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$294K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP3 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Recordkeeping and information managem...	$1,118

Plan features & details

Pension benefit codes2F2G2S2T3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$3K

$34 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.123%

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

$26,155

$299,959-91.3%

$185,849-85.9%

Participation rate

94.9%

61.2%+33.7pp

81.7%+13.2pp

Annual return

15.98%

9.80%+6.2pp

122.10%-106.1pp

Employer contribution / active EE

$717

$1,731-58.6%

$5,169-86.1%

Participant deferral / active EE

$1,263

$2,385-47.1%

$5,569-77.3%

Admin fee / account holder

$32

$47,864-99.9%

$16,244-99.8%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP3 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Recordkeeping and information managem...

$1,118

EMPLOYEE BENEFIT PLAN OF THE WELLSPRING ALLIANCE FOR FAMILIES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF THE WELLSPRING ALLIANCE FOR FAMILIES, 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