Retirement plan

MI FAMILIA VOTA 401(K) PLAN

Name: MI FAMILIA VOTA - MI FAMILIA VOTA 401(K) PLAN (2023) Form 5500
Creator: MI FAMILIA VOTA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MI FAMILIA VOTA 401(K) PLAN, MI FAMILIA VOTA

MI FAMILIA VOTAEIN 81-0668995Plan #001PY 2023

3030 N. CENTRAL AVE, SUITE 900 - PHOENIX, AZ 85012480-925-5915mifamiliavota.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$521K

+44.7% from 2022

Total participants

127

-25.3% from 2022

Average account balance

$4,204

+93.7% from 2022

Annual return

17.84%

+45.92 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$851K

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

144

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$224K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+24.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 3 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$6,098
ADP BROKER-DEALER2 years Service code 49 · EIN 22-3319984	Other Services	$0
NORTHWESTERN MUTUAL INVESTMENT SERV2 years Service code 49 1801 K ST NW · WASHINGTON, DC 20006	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$6K

$235 / participant

Recordkeeping$6K100.0%

% of EOY assets

1.170%

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: JDS PROFESSIONAL GROUP
Auditor EIN: 208019714
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,204

$57,305-92.7%

$86,640-95.1%

$75,173-94.4%

Participation rate

88.5%

63.2%+25.3pp

71.7%+16.8pp

67.2%+21.3pp

Annual return

17.84%

2674.24%-2656.4pp

592.52%-574.7pp

160.72%-142.9pp

Employer contribution / active EE

$4,793

$2,316+106.9%

$3,024+58.5%

$2,671+79.4%

Participant deferral / active EE

$2,313

$3,320-30.3%

$4,438-47.9%

$4,126-44.0%

Admin fee / account holder

$49

$4,116-98.8%

$5,616-99.1%

$5,651-99.1%

Provider

Service type

Compensation

ADP BROKER-DEALER2 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$6,098

ADP BROKER-DEALER2 years

Service code 49 · EIN 22-3319984

Other Services

NORTHWESTERN MUTUAL INVESTMENT SERV2 years

Service code 49

1801 K ST NW · WASHINGTON, DC 20006

Other Services

MI FAMILIA VOTA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MI FAMILIA VOTA 401(K) 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