Retirement plan

INSTITUTE FOR FAMILY DEVELOPMENT RETIREMENT PLAN

Name: INSTITUTE FOR FAMILY DEVELOPMENT - INSTITUTE FOR FAMILY DEVELOPMENT RETIREMENT PLAN (2023) Form 5500
Creator: INSTITUTE FOR FAMILY DEVELOPMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INSTITUTE FOR FAMILY DEVELOPMENT RETIREMENT PLAN, INSTITUTE FOR FAMILY DEVELOPMENT

INSTITUTE FOR FAMILY DEVELOPMENTEIN 91-1158512Plan #002PY 2023

34004 16TH AVENUE SOUTH, SUITE 200 - FEDERAL WAY, WA 980038903253-874-3630institutefamily.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.1M

+17.8% from 2022

Total participants

199

+1.5% from 2022

Average account balance

$43,262

+15.2% from 2022

Annual return

14.00%

+29.47 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.55M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

187

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$813K

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

+12.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$388

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
ESB WEALTH MANAGEMENT9+ years Service code 51 · EIN 27-5022450 PO BOX 636 · MANSFIELD, OH 449010636	Investment Mgmt Fees	$26,479
PROTPA9+ years Service code 64 · EIN 90-0666716 PO BOX 636 · MANSFIELD, OH 449010636	Recordkeeping Fees	$25,150

Plan features & details

Pension benefit codes2E2F2G2J2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$62K

$486 / participant

Recordkeeping$25K40.7%
Trustee / custodial$3K5.4%
Investment mgmt$26K42.9%
Contract admin$7K11.0%

% of EOY assets

0.763%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEE CPA GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,262

$61,356-29.5%

$149,696-71.1%

$71,511-39.5%

Participation rate

90.6%

62.5%+28.0pp

78.8%+11.8pp

67.9%+22.6pp

Annual return

14.00%

35.86%-21.9pp

134.46%-120.5pp

28.86%-14.9pp

Employer contribution / active EE

$2,471

$2,382+3.8%

$4,821-48.7%

$2,589-4.6%

Participant deferral / active EE

$3,250

$2,920+11.3%

$5,682-42.8%

$4,291-24.2%

Admin fee / account holder

$330

$1,263-73.9%

$13,212-97.5%

$1,588-79.2%

Provider

Service type

Compensation

ESB WEALTH MANAGEMENT9+ years

Service code 51 · EIN 27-5022450

PO BOX 636 · MANSFIELD, OH 449010636

Investment Mgmt Fees

$26,479

PROTPA9+ years

Service code 64 · EIN 90-0666716

PO BOX 636 · MANSFIELD, OH 449010636

Recordkeeping Fees

$25,150

INSTITUTE FOR FAMILY DEVELOPMENT RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INSTITUTE FOR FAMILY DEVELOPMENT RETIREMENT 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