Retirement plan

MEALS ON WHEELS SAN FRANCISCO 403(B) RETIREMENT PLAN

Name: MEALS ON WHEELS SAN FRANCISCO - MEALS ON WHEELS SAN FRANCISCO 403(B) RETIREMENT PLAN (2020) Form 5500
Creator: MEALS ON WHEELS SAN FRANCISCO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEALS ON WHEELS SAN FRANCISCO 403(B) RETIREMENT PLAN, MEALS ON WHEELS SAN FRANCISCO

MEALS ON WHEELS SAN FRANCISCOEIN 94-1741155Plan #001PY 2020

1375 FAIRFAX AVENUE - SAN FRANCISCO, CA 941241735415-637-8352mowsf.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$1.1M

No prior year

Total participants

138

No prior year

Average account balance

$7,964

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.78M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

170

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$767K

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

+11.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$219

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

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 codes2F2G2L2M2T3D3F

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.
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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$46K

$343 / participant

Other / not subdivided$46K100.0%

% of EOY assets

4.406%

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

$7,964

$58,888-86.5%

$178,498-95.5%

$73,493-89.2%

Participation rate

95.6%

66.2%+29.3pp

81.9%+13.6pp

70.7%+24.9pp

Annual return

0.00%

24.86%-24.9pp

151.09%-151.1pp

28.51%-28.5pp

Employer contribution / active EE

$1,461

$2,236-34.7%

$5,011-70.8%

$2,270-35.6%

Participant deferral / active EE

$2,342

$2,568-8.8%

$5,202-55.0%

$3,740-37.4%

Admin fee / account holder

$351

$400-12.3%

$13,985-97.5%

$513-31.6%

MEALS ON WHEELS SAN FRANCISCO 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEALS ON WHEELS SAN FRANCISCO 403(B) 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