Retirement plan

NATIVE AMERICAN CONNECTIONS 401(K) PLAN

Name: NATIVE AMERICAN CONNECTIONS - NATIVE AMERICAN CONNECTIONS 401(K) PLAN (2022) Form 5500
Creator: NATIVE AMERICAN CONNECTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIVE AMERICAN CONNECTIONS 401(K) PLAN, NATIVE AMERICAN CONNECTIONS

NATIVE AMERICAN CONNECTIONSEIN 86-0293585Plan #001PY 2022

4520 N. CENTRAL AVENUE, SUITE 600 - PHOENIX, AZ 850121848602-254-3247nativeconnections.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed April 15, 2016

Plan administrator

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4520 North Central Avenue, Suite 600

Phoenix State: AZ Zip Code: 85012

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Plans declared (1)

Native American Connections Inc/457b2 emp

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Total assets (EOY)

$2.8M

-15.5% from 2021

Total participants

198

+11.2% from 2021

Average account balance

$30,575

-11.8% from 2021

Annual return

-15.94%

-28.53 pp from 2021

Benchmarks

See 1,742 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,742 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.44M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

45.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$211K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+16.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11771

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290	Contract Administrator	$17,190
WEALTHPLAN ADVISORS LLC7 years Service code 27	Advisory (Plan)	$12,141
WEALTHPLAN ADVISORS LLC7 years Filed as: WEALTHPLAN ADVISORS, LLC Service code 27 · EIN 47-2622892	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D2F

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$17K

$112 / participant

Contract admin$17K100.0%

% of EOY assets

0.625%

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: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,575

$51,226-40.3%

$82,744-63.0%

$66,938-54.3%

Participation rate

29.9%

67.9%-38.0pp

72.6%-42.7pp

69.8%-39.9pp

Annual return

-15.94%

-9.61%-6.3pp

702.22%-718.2pp

1.58%-17.5pp

Employer contribution / active EE

$424

$2,612-83.8%

$3,008-85.9%

$2,545-83.3%

Participant deferral / active EE

$1,437

$3,460-58.5%

$4,395-67.3%

$4,238-66.1%

Admin fee / account holder

$191

$416-54.0%

$5,325-96.4%

$594-67.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY8+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$17,190

WEALTHPLAN ADVISORS LLC7 years

Service code 27

Advisory (Plan)

$12,141

WEALTHPLAN ADVISORS LLC7 years

Filed as: WEALTHPLAN ADVISORS, LLC

Service code 27 · EIN 47-2622892

Advisory (Plan)

NATIVE AMERICAN CONNECTIONS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIVE AMERICAN CONNECTIONS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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