Retirement plan

THE GENEVA FOUNDATION 403(B) PLAN

Name: THE GENEVA FOUNDATION - THE GENEVA FOUNDATION 403(B) PLAN (2024) Form 5500
Creator: THE GENEVA FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE GENEVA FOUNDATION 403(B) PLAN, THE GENEVA FOUNDATION

THE GENEVA FOUNDATIONEIN 91-1593913Plan #001PY 2024

950 BROADWAY, STE 307 - TACOMA, WA 984024437253-682-3810genevausa.orgLinkedIn201-500 employeesresearch

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$34.3M

-0.3% from 2023

Total participants

811

-5.4% from 2023

Average account balance

$47,915

+3.2% from 2023

Annual return

12.54%

-6.53 pp from 2023

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.26M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

715

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.

71.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$121

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
NATIONWIDE10+ years Service code 13 · EIN 31-1592130	Contract Administrator	$82,388
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC-RPCP Service code 26 · EIN 95-2834236	Advisory (Participants)	$73,149
DEFINITI LLC4 years Filed as: DEFINITI, LLC Service code 10 · EIN 85-0833363	Accounting	$8,125

Plan features & details

Pension benefit codes2M2T3D2E2A2F2G

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

2 tripped

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

$87K

$259 / participant

Recordkeeping$3K3.8%
Investment mgmt$73K84.4%
Other / not subdivided$10K11.8%

% of EOY assets

0.253%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RICHEY MAY & CO., LLP
Auditor EIN: 710911208
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,915

$106,264-54.9%

$147,117-67.4%

$77,762-38.4%

Participation rate

71.3%

78.4%-7.1pp

82.2%-10.8pp

70.6%+0.8pp

Annual return

12.54%

56.94%-44.4pp

420.54%-408.0pp

31.27%-18.7pp

Employer contribution / active EE

$2,691

$4,074-34.0%

$4,932-45.5%

$2,728-1.4%

Participant deferral / active EE

$6,375

$8,003-20.3%

$8,065-21.0%

$4,651+37.1%

Admin fee / account holder

$121

$334-63.8%

$12,993-99.1%

$433-72.0%

Provider

Service type

Compensation

NATIONWIDE10+ years

Service code 13 · EIN 31-1592130

Contract Administrator

$82,388

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL LLC-RPCP

Service code 26 · EIN 95-2834236

Advisory (Participants)

$73,149

DEFINITI LLC4 years

Filed as: DEFINITI, LLC

Service code 10 · EIN 85-0833363

Accounting

$8,125

THE GENEVA FOUNDATION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE GENEVA FOUNDATION 403(B) 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