Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF ECONOMIC COUNCIL HELPING OTHERS (ECHO), INCORPORATED

Name: ECONOMIC COUNCIL HELPING OTHER - 403(B) THRIFT PLAN FOR EMPLOYEES OF ECONOMIC COUNCIL HELPING OTHERS (ECHO), INCORPORATED (2022) Form 5500
Creator: ECONOMIC COUNCIL HELPING OTHER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF ECONOMIC COUNCIL HELPING OTHERS (ECHO), INCORPORATED, ECONOMIC COUNCIL HELPING OTHER

ECONOMIC COUNCIL HELPING OTHEREIN 85-0196667Plan #001PY 2022

1921 E MURRAY DR - FARMINGTON, NM 874015200505-325-7466echoinc.orgLinkedIn11-50 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$970K

-7.4% from 2021

Total participants

+10.0% from 2021

Average account balance

$23,091

-11.8% from 2021

Annual return

-12.67%

-22.75 pp from 2021

Benchmarks

See 19,711 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,711 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.14M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

143.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

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

+10.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$357

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$5K

$203 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.565%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,091

$73,867-68.7%

$143,757-83.9%

$68,494-66.3%

Participation rate

92.6%

66.7%+25.9pp

80.3%+12.3pp

67.9%+24.7pp

Annual return

-12.67%

1.01%-13.7pp

-0.04%-12.6pp

-7.84%-4.8pp

Employer contribution / active EE

$1,213

$3,184-61.9%

$4,951-75.5%

$2,596-53.3%

Participant deferral / active EE

$1,016

$3,384-70.0%

$5,637-82.0%

$4,027-74.8%

Admin fee / account holder

$130

$5,755-97.7%

$14,673-99.1%

$5,403-97.6%

403(B) THRIFT PLAN FOR EMPLOYEES OF ECONOMIC COUNCIL HELPING OTHERS (ECHO), INCORPORATED

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF ECONOMIC COUNCIL HELPING OTHERS (ECHO), INCORPORATED

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