Retirement plan

CONTRACTORS AND EMPLOYEES RETIREMENT PLAN & TRUST

Name: GOODWILL INDUSTRIES OF NORTH LOUISIANA, INC. - CONTRACTORS AND EMPLOYEES RETIREMENT PLAN & TRUST (2021) Form 5500
Creator: GOODWILL INDUSTRIES OF NORTH LOUISIANA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONTRACTORS AND EMPLOYEES RETIREMENT PLAN & TRUST, GOODWILL INDUSTRIES OF NORTH LOUISIANA, INC.

GOODWILL INDUSTRIES OF NORTH LOUISIANA, INC.EIN 72-0460816Plan #003PY 2021

800 W. 70TH STREET - SHREVEPORT, LA 711062519318-869-2575goodwillnla.orgLinkedIn201-500 employeescivic & social organization

Other plans on this EIN

1 filing

#001Retirement-$708K assets

Prospect flagsHigh retiree %High fees

How to read this page

Total assets (EOY)

$433K

+6.0% from 2020

Total participants

+16.7% from 2020

Average account balance

$61,845

-9.2% from 2020

Annual return

9.32%

-11.44 pp from 2020

Benchmarks

See 103,217 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,217 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$603K

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19

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 codes2C2L2G2F2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$46K

$9213 / participant

Other / not subdivided$46K100.0%

% of EOY assets

10.640%

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

$61,845

$217,392-71.6%

$185,818-66.7%

$167,497-63.1%

Participation rate

100.0%

86.0%+14.0pp

81.7%+18.3pp

82.1%+17.9pp

Annual return

9.32%

148.37%-139.1pp

122.06%-112.7pp

478.62%-469.3pp

Employer contribution / active EE

$6,452

$5,873+9.9%

$5,168+24.9%

$4,838+33.4%

Participant deferral / active EE

$6,357-100.0%

$5,568-100.0%

$6,341-100.0%

Admin fee / account holder

$6,580

$19,813-66.8%

$16,239-59.5%

$12,310-46.5%

CONTRACTORS AND EMPLOYEES RETIREMENT PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONTRACTORS AND EMPLOYEES RETIREMENT PLAN & TRUST

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