Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF BIG BROTHERS BIG SISTERS OF UTAH

Name: BROTHERS BIG SISTERS OF UT - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF BIG BROTHERS BIG SISTERS OF UTAH (2024) Form 5500
Creator: BROTHERS BIG SISTERS OF UT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF BIG BROTHERS BIG SISTERS OF UTAH, BROTHERS BIG SISTERS OF UT

BROTHERS BIG SISTERS OF UTEIN 87-0336168Plan #001PY 2024

2121 S STATE ST STE 201 - SALT LAKE CITY, UT 841152721801-313-0303

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

+11.2% from 2023

Total participants

-10.1% from 2023

Average account balance

$24,521

+21.3% from 2023

Annual return

13.00%

-5.47 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.62M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

124.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$200K

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

+13.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3562

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 codes2F2T2G3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$235K

$4435 / participant

Other / not subdivided$235K100.0%

% of EOY assets

14.525%

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

$24,521

$81,331-69.9%

$155,534-84.2%

$80,935-69.7%

Participation rate

90.6%

66.3%+24.3pp

78.2%+12.3pp

67.7%+22.9pp

Annual return

13.00%

33.37%-20.4pp

64.92%-51.9pp

35.66%-22.7pp

Employer contribution / active EE

$774

$3,105-75.1%

$4,675-83.4%

$2,757-71.9%

Participant deferral / active EE

$2,997

$3,454-13.2%

$5,630-46.8%

$4,299-30.3%

Admin fee / account holder

$3,562

$7,999-55.5%

$15,900-77.6%

$6,924-48.6%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF BIG BROTHERS BIG SISTERS OF UTAH

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF BIG BROTHERS BIG SISTERS OF UTAH

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