Retirement plan

HANDMAKER JEWISH SERVICES FOR THE AGING 403(B) PLAN

Name: HANDMAKER JEWISH SERVICES FOR THE AGING - HANDMAKER JEWISH SERVICES FOR THE AGING 403(B) PLAN (2021) Form 5500
Creator: HANDMAKER JEWISH SERVICES FOR THE AGING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HANDMAKER JEWISH SERVICES FOR THE AGING 403(B) PLAN, HANDMAKER JEWISH SERVICES FOR THE AGING

HANDMAKER JEWISH SERVICES FOR THE AGINGEIN 86-0626077Plan #005PY 2021

2221 N. ROSEMONT BLVD. - TUCSON, AZ 85712520-322-3629handmaker.orgLinkedIn201-500 employees

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed February 8, 2011

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$2.7M

+13.8% from 2020

Total participants

246

+5.1% from 2020

Average account balance

$39,757

+15.5% from 2020

Annual return

13.41%

-0.03 pp from 2020

Benchmarks

See 5,353 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,353 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.55M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

26.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$154K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$677

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

+15.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4161

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 2 by compensation

Provider	Service type	Compensation
BEACHFLEISCHMAN PC1 year Service code 10 · EIN 86-0683059	Accounting	$11,500
WELLSPRING FINANCIAL PARTNERS7+ years Filed as: WELLSPRING FINANCIAL PARTNER Service code 26 · EIN 45-2984270 4007 E PARADISE FALLS DR · TUCSON, AZ 85712	Advisory (Participants)	$11,247

Plan features & details

Pension benefit codes2E2F2G2J2K2M2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$33K

$149 / participant

Investment mgmt$33K100.0%

% of EOY assets

1.204%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BEACHFLEISCHMAN PLLC
Auditor EIN: 860683059
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,757

$61,156-35.0%

$185,823-78.6%

$79,386-49.9%

Participation rate

18.7%

66.6%-47.9pp

81.7%-63.0pp

70.7%-52.0pp

Annual return

13.41%

19.45%-6.0pp

122.05%-108.6pp

116.85%-103.4pp

Employer contribution / active EE

$129

$2,321-94.4%

$5,167-97.5%

$2,427-94.7%

Participant deferral / active EE

$467

$2,789-83.3%

$5,568-91.6%

$4,046-88.5%

Admin fee / account holder

$479

$710-32.6%

$16,237-97.1%

$626-23.6%

Provider

Service type

Compensation

BEACHFLEISCHMAN PC1 year

Service code 10 · EIN 86-0683059

Accounting

$11,500

WELLSPRING FINANCIAL PARTNERS7+ years

Filed as: WELLSPRING FINANCIAL PARTNER

Service code 26 · EIN 45-2984270

4007 E PARADISE FALLS DR · TUCSON, AZ 85712

Advisory (Participants)

$11,247

HANDMAKER JEWISH SERVICES FOR THE AGING 403(B) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HANDMAKER JEWISH SERVICES FOR THE AGING 403(B) PLAN

Top hat statement on fileNQDC

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