Retirement plan

GROWING UP NEW MEXICO, INC. 403(B)(7) PLAN

Name: GROWING UP NEW MEXICO, INC. - GROWING UP NEW MEXICO, INC. 403(B)(7) PLAN (2021) Form 5500
Creator: GROWING UP NEW MEXICO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GROWING UP NEW MEXICO, INC. 403(B)(7) PLAN, GROWING UP NEW MEXICO, INC.

GROWING UP NEW MEXICO, INC.EIN 85-0163601Plan #001PY 2021

440 CERRILLOS RD, STE A - SANTA FE, NM 87501505-216-2985growingupnm.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsHigh retiree %High fees

How to read this page

Total assets (EOY)

$998K

+7.5% from 2020

Total participants

+14.3% from 2020

Average account balance

$24,942

-5.9% from 2020

Annual return

24.58%

+18.91 pp from 2020

Benchmarks

See 8,920 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,920 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.35M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$228K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+19.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1680

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 codes2G2M2N

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2N
Code section 408 accounts and annuities
Pension plan utilizing Code section 408 individual retirement accounts or annuities as the funding vehicle for providing benefits.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$251K

$9643 / participant

Other / not subdivided$251K100.0%

% of EOY assets

25.130%

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

$24,942

$65,434-61.9%

$98,483-74.7%

$85,847-70.9%

Participation rate

100.0%

65.0%+35.0pp

73.3%+26.7pp

69.3%+30.7pp

Annual return

24.58%

21.75%+2.8pp

1494.38%-1469.8pp

318.61%-294.0pp

Employer contribution / active EE

$876

$2,169-59.6%

$2,961-70.4%

$2,565-65.9%

Participant deferral / active EE

$2,593

$3,168-18.1%

$4,276-39.4%

$3,952-34.4%

Admin fee / account holder

$6,268

$4,595+36.4%

$5,953+5.3%

$6,261+0.1%

GROWING UP NEW MEXICO, INC. 403(B)(7) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GROWING UP NEW MEXICO, INC. 403(B)(7) 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