Retirement plan

BOYS AND GIRLS HOME AND FAMILY SERVICES, INC. RETIREMENT PLAN

Name: BOYS AND GIRLS HOME AND FAMILY SERVICES INC - BOYS AND GIRLS HOME AND FAMILY SERVICES, INC. RETIREMENT PLAN (2021) Form 5500
Creator: BOYS AND GIRLS HOME AND FAMILY SERVICES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOYS AND GIRLS HOME AND FAMILY SERVICES, INC. RETIREMENT PLAN, BOYS AND GIRLS HOME AND FAMILY SERVICES INC

BOYS AND GIRLS HOME AND FAMILY SERVICES INCEIN 93-0991860Plan #002PY 2021

P.O. BOX 1197 - SIOUX CITY, IA 51102712-293-4700boysandgirlshome.comLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.4M

+14.5% from 2020

Total participants

103

-20.8% from 2020

Average account balance

$74,852

+24.6% from 2020

Annual return

12.10%

-3.00 pp from 2020

Benchmarks

See 18,803 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,803 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.80M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

45.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$124K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17430

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

Top 4 by compensation

Provider	Service type	Compensation
NICHOLS, RISE & COMPANY, LLP7+ years Service code 10 · EIN 42-0634266	Accounting	$9,630
AMERIPRISE FINANCIAL SERVICES INC4 years Service code 49 · EIN 51-6041053	Other Services	$9,168
PRINCIPAL LIFE INSURANCE COMPANY5 years Service code 13 · EIN 42-0127290	Contract Administrator	$1,679
WILSHIRE ASSOCIATES INCORPORATED5 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2F2G2M3H2K2T

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$13K

$156 / participant

Contract admin$3K20.0%
Other / not subdivided$10K80.0%

% of EOY assets

0.389%

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: NICHOLS, RISE & COMPANY LLC
Auditor EIN: 420634266
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,852

$95,415-21.6%

$185,851-59.7%

$85,851-12.8%

Participation rate

31.0%

68.8%-37.8pp

81.7%-50.8pp

69.3%-38.4pp

Annual return

12.10%

23.59%-11.5pp

122.11%-110.0pp

318.63%-306.5pp

Employer contribution / active EE

$3,314-100.0%

$5,168-100.0%

$2,565-100.0%

Participant deferral / active EE

$1,043

$3,424-69.5%

$5,569-81.3%

$3,952-73.6%

Admin fee / account holder

$292

$7,215-96.0%

$16,245-98.2%

$6,261-95.3%

Provider

Service type

Compensation

NICHOLS, RISE & COMPANY, LLP7+ years

Service code 10 · EIN 42-0634266

Accounting

$9,630

AMERIPRISE FINANCIAL SERVICES INC4 years

Service code 49 · EIN 51-6041053

Other Services

$9,168

PRINCIPAL LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,679

WILSHIRE ASSOCIATES INCORPORATED5 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

BOYS AND GIRLS HOME AND FAMILY SERVICES, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOYS AND GIRLS HOME AND FAMILY SERVICES, INC. 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