Retirement plan

403(B) THRIFT PLAN OF FAMILY SERVICES OF SOUTHEAST TEXAS, INC.

Name: FAMILY SERVICES OF SOUTHEAST TEXAS, INC. - 403(B) THRIFT PLAN OF FAMILY SERVICES OF SOUTHEAST TEXAS, INC. (2021) Form 5500
Creator: FAMILY SERVICES OF SOUTHEAST TEXAS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF FAMILY SERVICES OF SOUTHEAST TEXAS, INC., FAMILY SERVICES OF SOUTHEAST TEXAS, INC.

FAMILY SERVICES OF SOUTHEAST TEXAS, INC.EIN 74-1382713Plan #002PY 2021

3550 FANNIN ST - BEAUMONT, TX 777013805409-833-2668westrengthenfamilies.orgLinkedIn1-10 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$810K

+10.9% from 2020

Total participants

-20.8% from 2020

Average account balance

$42,609

+40.1% from 2020

Annual return

12.76%

+0.10 pp from 2020

Benchmarks

See 103,184 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,184 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$419K

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

103.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$596

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

+12.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4928

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 codes2F2G2T

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$45K

$7527 / participant

Other / not subdivided$45K100.0%

% of EOY assets

5.578%

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

$42,609

$217,432-80.4%

$185,849-77.1%

$167,536-74.6%

Participation rate

100.0%

86.1%+13.9pp

81.7%+18.3pp

82.1%+17.9pp

Annual return

12.76%

148.42%-135.7pp

122.10%-109.3pp

478.82%-466.1pp

Employer contribution / active EE

$1,587

$5,875-73.0%

$5,169-69.3%

$4,839-67.2%

Participant deferral / active EE

$3,575

$6,357-43.8%

$5,569-35.8%

$6,342-43.6%

Admin fee / account holder

$2,377

$19,818-88.0%

$16,244-85.4%

$12,315-80.7%

403(B) THRIFT PLAN OF FAMILY SERVICES OF SOUTHEAST TEXAS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF FAMILY SERVICES OF SOUTHEAST TEXAS, 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