Retirement plan

HELPING HANDS CENTER FOR SPECIAL NEEDS 401(K) PROFIT SHARING PLAN

Name: BRIDGEWAY ACADEMY - HELPING HANDS CENTER FOR SPECIAL NEEDS 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: BRIDGEWAY ACADEMY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HELPING HANDS CENTER FOR SPECIAL NEEDS 401(K) PROFIT SHARING PLAN, BRIDGEWAY ACADEMY

BRIDGEWAY ACADEMYEIN 76-0796242Plan #001PY 2020

1350 ALUM CREEK DR. - COLUMBUS, OH 43209614-262-7520

Prospect flagsLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3M

+27.8% from 2019

Total participants

234

+1.3% from 2019

Average account balance

$21,592

+31.5% from 2019

Annual return

16.71%

-10.16 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.19M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

213

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.

51.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$639K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$153

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 64 · EIN 84-0467907 8515 E. ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,693
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 55 1215 4TH AVE, 26TH FLOOR · SEATTLE, WA 98161	Other Commissions	$3,504
THE BENEFIT ADVANTAGE, INC.2 years Service code 13 3497 AUBURN ROAD · AUBURN HILLS, MA 48326	Contract Administrator	$3,200
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 E. ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Investment Management	$944

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing 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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$4K

$20 / participant

Contract admin$4K100.0%

% of EOY assets

0.145%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GBQ PARTNERS, LLC
Auditor EIN: 202122306
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,592

$66,124-67.3%

$90,440-76.1%

$73,493-70.6%

Participation rate

55.4%

69.7%-14.3pp

72.7%-17.3pp

70.7%-15.3pp

Annual return

16.71%

17.65%-0.9pp

1294.38%-1277.7pp

28.51%-11.8pp

Employer contribution / active EE

$560

$2,346-76.1%

$3,263-82.8%

$2,270-75.3%

Participant deferral / active EE

$1,592

$3,039-47.6%

$3,964-59.8%

$3,740-57.4%

Admin fee / account holder

$31

$396-92.1%

$5,615-99.4%

$513-93.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: GREAT-WEST LIFE & ANNUITY INS. CO.

Service code 64 · EIN 84-0467907

8515 E. ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,693

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH LIFE AGENCY, INC.

Service code 55

1215 4TH AVE, 26TH FLOOR · SEATTLE, WA 98161

Other Commissions

$3,504

THE BENEFIT ADVANTAGE, INC.2 years

Service code 13

3497 AUBURN ROAD · AUBURN HILLS, MA 48326

Contract Administrator

$3,200

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 E. ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Investment Management

$944

HELPING HANDS CENTER FOR SPECIAL NEEDS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HELPING HANDS CENTER FOR SPECIAL NEEDS 401(K) PROFIT SHARING 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