Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF TEXAS ASSOCIATION OF COMMUNITY HEALTH CENTERS

Name: TEXAS ASSOCIATION OF COMMUNITY - 403(B) THRIFT PLAN FOR EMPLOYEES OF TEXAS ASSOCIATION OF COMMUNITY HEALTH CENTERS (2024) Form 5500
Creator: TEXAS ASSOCIATION OF COMMUNITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF TEXAS ASSOCIATION OF COMMUNITY HEALTH CENTERS, TEXAS ASSOCIATION OF COMMUNITY

TEXAS ASSOCIATION OF COMMUNITYEIN 74-2308695Plan #001PY 2024

5900 SOUTHWEST PKWY BLDG 3 - AUSTIN, TX 787356201512-329-5959county.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.2M

+8.3% from 2023

Total participants

+12.7% from 2023

Average account balance

$124,199

-3.2% from 2023

Annual return

15.41%

-2.63 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.20M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

161.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$641K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17880

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 codes2G3D2J2E2T

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.
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

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

$1.2M

$28782 / participant

Other / not subdivided$1M100.0%

% of EOY assets

14.396%

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

$124,199

$81,331+52.7%

$155,534-20.1%

$80,935+53.5%

Participation rate

87.8%

66.3%+21.6pp

78.2%+9.6pp

67.7%+20.1pp

Annual return

15.41%

33.37%-18.0pp

64.92%-49.5pp

35.66%-20.2pp

Employer contribution / active EE

$9,061

$3,105+191.8%

$4,675+93.8%

$2,757+228.7%

Participant deferral / active EE

$6,583

$3,454+90.6%

$5,630+16.9%

$4,299+53.1%

Admin fee / account holder

$17,880

$7,999+123.5%

$15,900+12.5%

$6,924+158.2%

403(B) THRIFT PLAN FOR EMPLOYEES OF TEXAS ASSOCIATION OF COMMUNITY HEALTH CENTERS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF TEXAS ASSOCIATION OF COMMUNITY HEALTH CENTERS

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