Retirement plan

TRI-CITIES CHAPLAINCY 401(K) PLAN

Name: TRI-CITIES CHAPLAINCY - TRI-CITIES CHAPLAINCY 401(K) PLAN (2024) Form 5500
Creator: TRI-CITIES CHAPLAINCY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRI-CITIES CHAPLAINCY 401(K) PLAN, TRI-CITIES CHAPLAINCY

TRI-CITIES CHAPLAINCYEIN 91-0913590Plan #002PY 2024

1480 FOWLER ST - RICHLAND, WA 99352509-783-7416tccbestlife.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.1M

-2.4% from 2023

Total participants

137

-22.6% from 2023

Average account balance

$38,980

+36.7% from 2023

Annual return

10.07%

-9.03 pp from 2023

Benchmarks

See 10,657 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,657 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.09M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

105

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.

67.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$636K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$438

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 2 by compensation

Provider	Service type	Compensation
RANDALL & HURLEY, INC.10+ years Filed as: RANDALL & HURLEY Service code 15 · EIN 91-1661080	Recordkeeping	$21,437
CORNERSTONE WEALTH GROUP4 years Filed as: CORNERSTONE WEALTH STRATEGIES Service code 26 8905 W GAGE BLVD, STE 110 · KENNEWICK, WA 99336	Advisory (Participants)	$20,803

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$46K

$474 / participant

Recordkeeping$21K46.6%
Trustee / custodial$4K8.2%
Investment mgmt$21K45.2%

% of EOY assets

1.125%

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: HANSEN HUNTER & CO, P.C.
Auditor EIN: 930891763
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,980

$58,275-33.1%

$81,844-52.4%

$80,935-51.8%

Participation rate

67.0%

63.5%+3.5pp

72.4%-5.4pp

67.7%-0.7pp

Annual return

10.07%

41.82%-31.7pp

778.87%-768.8pp

35.66%-25.6pp

Employer contribution / active EE

$1,813

$2,346-22.7%

$2,916-37.8%

$2,757-34.2%

Participant deferral / active EE

$4,747

$3,285+44.5%

$4,323+9.8%

$4,299+10.4%

Admin fee / account holder

$438

$4,749-90.8%

$7,355-94.0%

$6,924-93.7%

Provider

Service type

Compensation

RANDALL & HURLEY, INC.10+ years

Filed as: RANDALL & HURLEY

Service code 15 · EIN 91-1661080

Recordkeeping

$21,437

CORNERSTONE WEALTH GROUP4 years

Filed as: CORNERSTONE WEALTH STRATEGIES

Service code 26

8905 W GAGE BLVD, STE 110 · KENNEWICK, WA 99336

Advisory (Participants)

$20,803

TRI-CITIES CHAPLAINCY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRI-CITIES CHAPLAINCY 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