Retirement plan

HOPE CHRISTIAN FELLOWSHIP 401(K)

Name: HOPE CHRISTIAN FELLOWSHIP CHURCH, INC. - HOPE CHRISTIAN FELLOWSHIP 401(K) (2020) Form 5500
Creator: HOPE CHRISTIAN FELLOWSHIP CHURCH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOPE CHRISTIAN FELLOWSHIP 401(K), HOPE CHRISTIAN FELLOWSHIP CHURCH, INC.

HOPE CHRISTIAN FELLOWSHIP CHURCH, INC.EIN 77-0641625Plan #001PY 2020

246 KING STREET - WOODBURY, NJ 08096856-677-8746LinkedIn1-10 employeesreligious institutions

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$30K

+360.7% from 2019

Total participants

0.0% from 2019

Average account balance

$15,038

+360.7% from 2019

Annual return

38.01%

+15.04 pp from 2019

Benchmarks

See 36,205 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,205 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$134K

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20K

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

+13.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20

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 codes2E2J2F2G3D

Plan features

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.
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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$40

$8 / participant

Other / not subdivided$40100.0%

% of EOY assets

0.133%

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

$15,038

$100,911-85.1%

$90,440-83.4%

$158,966-90.5%

Participation rate

40.0%

75.0%-35.0pp

72.7%-32.7pp

82.0%-42.0pp

Annual return

38.01%

1726.62%-1688.6pp

1294.38%-1256.4pp

302.95%-264.9pp

Employer contribution / active EE

$18

$3,690-99.5%

$3,263-99.5%

$4,762-99.6%

Participant deferral / active EE

$4,195

$4,348-3.5%

$3,964+5.8%

$5,983-29.9%

Admin fee / account holder

$20

$6,507-99.7%

$5,615-99.6%

$11,250-99.8%

HOPE CHRISTIAN FELLOWSHIP 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOPE CHRISTIAN FELLOWSHIP 401(K)

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