Retirement plan

WASHINGTON ODD FELLOWS HOME 401(K) PROFIT SHARING PLAN & TRUST

Name: WASHINGTON ODD FELLOWS HOME - WASHINGTON ODD FELLOWS HOME 401(K) PROFIT SHARING PLAN & TRUST (2021) Form 5500
Creator: WASHINGTON ODD FELLOWS HOME
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASHINGTON ODD FELLOWS HOME 401(K) PROFIT SHARING PLAN & TRUST, WASHINGTON ODD FELLOWS HOME

WASHINGTON ODD FELLOWS HOMEEIN 91-0577483Plan #002PY 2021

534 BOYER AVENUE - WALLA WALLA, WA 99362509-525-6463oddfellows.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.6M

-19.2% from 2020

Total participants

203

-12.1% from 2020

Average account balance

$37,419

-27.2% from 2020

Annual return

12.47%

+0.60 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.28M

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.

52.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$919

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

+14.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4069

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

Top 3 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES FINANCIAL Service code 27 880 CARILON PRKWY · ST PETERSBURG, FL 33716	Advisory (Plan)	$21,266
PROFESSIONAL BENEFIT SERVICES2 years Service code 13 · EIN 93-0998477 1193 ROVONNE STE 22 · SALEM, OR 97302	Contract Administrator	$680
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$200

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$22K

$118 / participant

Contract admin$22K100.0%

% of EOY assets

0.845%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HANSEN, HUNTER, & COMPANY, P.C.
Auditor EIN: 930891763
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,419

$61,166-38.8%

$185,849-79.9%

$79,391-52.9%

Participation rate

28.9%

66.6%-37.7pp

81.7%-52.8pp

70.7%-41.8pp

Annual return

12.47%

19.45%-7.0pp

122.10%-109.6pp

116.88%-104.4pp

Employer contribution / active EE

$683

$2,321-70.6%

$5,169-86.8%

$2,428-71.9%

Participant deferral / active EE

$1,083

$2,789-61.2%

$5,569-80.6%

$4,046-73.2%

Admin fee / account holder

$316

$710-55.4%

$16,244-98.1%

$627-49.5%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES FINANCIAL

Service code 27

880 CARILON PRKWY · ST PETERSBURG, FL 33716

Advisory (Plan)

$21,266

PROFESSIONAL BENEFIT SERVICES2 years

Service code 13 · EIN 93-0998477

1193 ROVONNE STE 22 · SALEM, OR 97302

Contract Administrator

$680

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$200

WASHINGTON ODD FELLOWS HOME 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASHINGTON ODD FELLOWS HOME 401(K) PROFIT SHARING PLAN & TRUST

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