Retirement plan

WILLAMETTE FAMILY, INC. 403B RETIREMENT PLAN

Name: WILLAMETTE FAMILY, INC. - WILLAMETTE FAMILY, INC. 403B RETIREMENT PLAN (2024) Form 5500
Creator: WILLAMETTE FAMILY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLAMETTE FAMILY, INC. 403B RETIREMENT PLAN, WILLAMETTE FAMILY, INC.

WILLAMETTE FAMILY, INC.EIN 93-0569684Plan #001PY 2024

687 CHESHIRE AVE - EUGENE, OR 974025060541-684-4133LinkedIn51-200 employeesmental health care

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.7M

+15.0% from 2023

Total participants

310

+4.7% from 2023

Average account balance

$18,275

+20.3% from 2023

Annual return

9.62%

-2.49 pp from 2023

Benchmarks

See 6,010 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,010 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.74M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

150

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.

32.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$332K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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
LPL FINANCIAL5 years Filed as: LION STREET FINANCIAL, LLC Service code 22 515 CONGRESS AVENUE, SUITE 2500 · AUSTIN, TX 78701	Insurance Broker	$4,620
NATIONWIDE10+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$2,150
PPA/TPA2 years Service code 15 JENNIFER FRANK · EUGENE, OR 97402	Recordkeeping	$411

Plan features & details

Pension benefit codes2A2E2F2G2L2M

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

3 tripped

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

$3K

$14 / participant

Contract admin$3K100.0%

% of EOY assets

0.121%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MEIHAUS CPA, PC
Auditor EIN: 880926982
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,275

$55,423-67.0%

$155,602-88.3%

$74,400-75.4%

Participation rate

32.5%

61.9%-29.4pp

78.2%-45.7pp

67.2%-34.7pp

Annual return

9.62%

269.07%-259.4pp

64.81%-55.2pp

1367.51%-1357.9pp

Employer contribution / active EE

$536

$2,266-76.3%

$4,675-88.5%

$2,624-79.6%

Participant deferral / active EE

$865

$2,835-69.5%

$5,629-84.6%

$4,348-80.1%

Admin fee / account holder

$22

$1,744-98.7%

$15,923-99.9%

$1,944-98.9%

Provider

Service type

Compensation

LPL FINANCIAL5 years

Filed as: LION STREET FINANCIAL, LLC

Service code 22

515 CONGRESS AVENUE, SUITE 2500 · AUSTIN, TX 78701

Insurance Broker

$4,620

NATIONWIDE10+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$2,150

PPA/TPA2 years

Service code 15

JENNIFER FRANK · EUGENE, OR 97402

Recordkeeping

$411

WILLAMETTE FAMILY, INC. 403B RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLAMETTE FAMILY, INC. 403B 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