Retirement plan

BAPTIST COMMUNITY SERVICES 403(B) PLAN

Name: BAPTIST COMMUNITY SERVICES - BAPTIST COMMUNITY SERVICES 403(B) PLAN (2022) Form 5500
Creator: BAPTIST COMMUNITY SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAPTIST COMMUNITY SERVICES 403(B) PLAN, BAPTIST COMMUNITY SERVICES

BAPTIST COMMUNITY SERVICESEIN 75-2206268Plan #003PY 2022

701 PARK PLACE AVENUE - AMARILLO, TX 79101806-337-5293work4bcs.comLinkedIn501-1000 employeesnon-profit organization management

Other plans on this EIN

1 filing

#001Retirement-$9.5M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$11.2M

-15.6% from 2021

Total participants

385

-3.5% from 2021

Average account balance

$58,134

-15.2% from 2021

Annual return

-16.41%

-30.04 pp from 2021

Benchmarks

See 3,875 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,875 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.76M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

195

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.

38.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$875K

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

+14.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$506

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 2 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.6+ years Service code 15 · EIN 16-1503696	Recordkeeping	$42,935
AMARILLO NATIONAL BANK2 years Service code 18 410 SOUTH TAYLOR STREET · AMARILLO, TX 79101	Custodial (other than securities)	$34,355

Plan features & details

Pension benefit codes2F2G2J2K2L2T3D

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.
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.
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

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

$77K

$223 / participant

Investment mgmt$73K93.8%
Contract admin$2K3.1%
Other / not subdivided$2K3.1%

% of EOY assets

0.689%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CMMS CPAS & ADVISORS PLLC
Auditor EIN: 853890541
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,134

$46,332+25.5%

$143,799-59.6%

$64,819-10.3%

Participation rate

44.5%

64.2%-19.7pp

80.3%-35.8pp

71.5%-27.0pp

Annual return

-16.41%

-10.05%-6.4pp

-0.04%-16.4pp

32.84%-49.2pp

Employer contribution / active EE

$667

$1,911-65.1%

$4,952-86.5%

$2,507-73.4%

Participant deferral / active EE

$2,026

$2,647-23.5%

$5,638-64.1%

$4,311-53.0%

Admin fee / account holder

$400

$154+160.3%

$14,677-97.3%

$188+113.2%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.6+ years

Service code 15 · EIN 16-1503696

Recordkeeping

$42,935

AMARILLO NATIONAL BANK2 years

Service code 18

410 SOUTH TAYLOR STREET · AMARILLO, TX 79101

Custodial (other than securities)

$34,355

BAPTIST COMMUNITY SERVICES 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAPTIST COMMUNITY SERVICES 403(B) PLAN

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