Retirement plan

GOODWILL OF THE OLYMPICS AND RAINIER REGION 401(K) PLAN

Name: GOODWILL OF THE OLYMPICS AND RAINIER REGION - GOODWILL OF THE OLYMPICS AND RAINIER REGION 401(K) PLAN (2024) Form 5500
Creator: GOODWILL OF THE OLYMPICS AND RAINIER REGION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOODWILL OF THE OLYMPICS AND RAINIER REGION 401(K) PLAN, GOODWILL OF THE OLYMPICS AND RAINIER REGION

GOODWILL OF THE OLYMPICS AND RAINIER REGIONEIN 91-0573106Plan #003PY 2024

714 S 27TH STREET - TACOMA, WA 984098130253-573-6500goodwillwa.orgLinkedIn1001-5000 employeesretail

Prospect flagsLow returnsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$3.4M

+11.8% from 2023

Total participants

1,208

+9.9% from 2023

Average account balance

$19,579

+23.4% from 2023

Annual return

10.95%

-8.52 pp from 2023

Benchmarks

See 287 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort287 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.39M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

173

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.

12.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$346K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$294

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

+10.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$257

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
KILEY JUERGENS WEALTH MANAGEMENT7 years Filed as: KILEY JURGENS WEALTH MANAGEMENT Service code 26 · EIN 27-1667598	Advisory (Participants)	$15,825
DEFINITI LLC4 years Filed as: DEFINITI, LLC Service code 13 · EIN 85-0833363	Contract Administrator	$4,003
JOHN HANCOCK LIFE INSURANCE COMPANY9 years Service code 15 · EIN 01-0233346	Recordkeeping	$1,500

Plan features & details

Pension benefit codes2G2E2F2J2K2T3D

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

4 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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$44K

$38 / participant

Recordkeeping$25K55.4%
Investment mgmt$16K35.6%
Contract admin$4K9.0%

% of EOY assets

1.311%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLARK NUBER. PS
Auditor EIN: 911194016
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,579

$55,694-64.8%

$81,882-76.1%

$200,096-90.2%

Participation rate

12.1%

62.7%-50.6pp

72.4%-60.3pp

72.0%-60.0pp

Annual return

10.95%

19.59%-8.6pp

779.47%-768.5pp

34.26%-23.3pp

Employer contribution / active EE

$44

$2,114-97.9%

$2,916-98.5%

$3,038-98.6%

Participant deferral / active EE

$250

$3,299-92.4%

$4,323-94.2%

$5,090-95.1%

Admin fee / account holder

$257

$348-26.2%

$7,360-96.5%

$269-4.7%

Provider

Service type

Compensation

KILEY JUERGENS WEALTH MANAGEMENT7 years

Filed as: KILEY JURGENS WEALTH MANAGEMENT

Service code 26 · EIN 27-1667598

Advisory (Participants)

$15,825

DEFINITI LLC4 years

Filed as: DEFINITI, LLC

Service code 13 · EIN 85-0833363

Contract Administrator

$4,003

JOHN HANCOCK LIFE INSURANCE COMPANY9 years

Service code 15 · EIN 01-0233346

Recordkeeping

$1,500

GOODWILL OF THE OLYMPICS AND RAINIER REGION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOODWILL OF THE OLYMPICS AND RAINIER REGION 401(K) 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