Retirement plan

403(B) THRIFT PLAN OF NORTHSOUND ASSOC. FOR CATHOLIC EDUCATION D/B/A ARCHBISHOP THOMAS J. MURPHY H.S.

Name: NORTHSOUND ASSOC. FOR CATHOLIC - 403(B) THRIFT PLAN OF NORTHSOUND ASSOC. FOR CATHOLIC EDUCATION D/B/A ARCHBISHOP THOMAS J. MURPHY H.S. (2024) Form 5500
Creator: NORTHSOUND ASSOC. FOR CATHOLIC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF NORTHSOUND ASSOC. FOR CATHOLIC EDUCATION D/B/A ARCHBISHOP THOMAS J. MURPHY H.S., NORTHSOUND ASSOC. FOR CATHOLIC

NORTHSOUND ASSOC. FOR CATHOLICEIN 91-1172031Plan #002PY 2024

12911 39TH AVE SE - EVERETT, WA 982086159425-379-6363

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7.8M

+8.5% from 2023

Total participants

151

+60.6% from 2023

Average account balance

$90,680

+18.6% from 2023

Annual return

14.07%

+0.05 pp from 2023

Benchmarks

See 2,051 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,051 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.80M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

66.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$604K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11716

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 codes2G2F2T

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.

Opportunity flags

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$7750 / participant

Other / not subdivided$1M100.0%

% of EOY assets

12.920%

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

$90,680

$60,504+49.9%

$81,882+10.7%

$74,478+21.8%

Participation rate

50.0%

62.9%-12.9pp

72.4%-22.4pp

67.2%-17.2pp

Annual return

14.07%

16.91%-2.8pp

779.47%-765.4pp

1370.56%-1356.5pp

Employer contribution / active EE

$2,233

$2,627-15.0%

$2,916-23.4%

$2,626-15.0%

Participant deferral / active EE

$2,413

$3,400-29.0%

$4,323-44.2%

$4,350-44.5%

Admin fee / account holder

$11,716

$1,492+685.3%

$7,360+59.2%

$1,946+502.1%

403(B) THRIFT PLAN OF NORTHSOUND ASSOC. FOR CATHOLIC EDUCATION D/B/A ARCHBISHOP THOMAS J. MURPHY H.S.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF NORTHSOUND ASSOC. FOR CATHOLIC EDUCATION D/B/A ARCHBISHOP THOMAS J. MURPHY H.S.

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