Retirement plan

JLI 403(B) PLAN

Name: JOINT LEARNING INITIATIVE ON FAITH AND LOCAL COMMUNITIES - JLI 403(B) PLAN (2022) Form 5500
Creator: JOINT LEARNING INITIATIVE ON FAITH AND LOCAL COMMUNITIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JLI 403(B) PLAN, JOINT LEARNING INITIATIVE ON FAITH AND LOCAL COMMUNITIES

JOINT LEARNING INITIATIVE ON FAITH AND LOCAL COMMUNITIESEIN 81-0792145Plan #001PY 2022

1220 L STREET NW, STE 100 #514 - WASHINGTON, DC 20005202-480-9597jliflc.comLinkedIn1-10 employeesinternational affairs

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$171K

+6.1% from 2021

Total participants

+33.3% from 2021

Average account balance

$57,016

+6.1% from 2021

Annual return

-17.16%

-34.72 pp from 2021

Benchmarks

See 133,844 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,844 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$273K

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36678

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 codes2F2G2L2M2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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

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

$20K

$5105 / participant

Other / not subdivided$20K100.0%

% of EOY assets

11.938%

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

$57,016

$138,114-58.7%

$125,391-54.5%

$134,545-57.6%

Participation rate

75.0%

84.5%-9.5pp

82.4%-7.4pp

81.2%-6.2pp

Annual return

-17.16%

750.88%-768.0pp

572.41%-589.6pp

418.37%-435.5pp

Employer contribution / active EE

$3,450

$5,246-34.2%

$4,816-28.4%

$4,742-27.2%

Participant deferral / active EE

$11,030

$7,801+41.4%

$7,448+48.1%

$6,401+72.3%

Admin fee / account holder

$6,807

$11,570-41.2%

$10,009-32.0%

$11,431-40.5%

JLI 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JLI 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