Retirement plan

HAMILTON FAMILIES 403(B) PLAN

Name: HAMILTON FAMILIES - HAMILTON FAMILIES 403(B) PLAN (2022) Form 5500
Creator: HAMILTON FAMILIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAMILTON FAMILIES 403(B) PLAN, HAMILTON FAMILIES

HAMILTON FAMILIESEIN 94-3055602Plan #002PY 2022

1631 HAYES STREET - SAN FRANCISCO, CA 94117415-409-2100hamiltonfamilies.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsHigh feesLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$1.1M

-2.2% from 2021

Total participants

133

-19.9% from 2021

Average account balance

$21,832

+23.3% from 2021

Annual return

-17.06%

-50.04 pp from 2021

Benchmarks

See 5,354 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,354 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.81M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$278K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+31.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3435

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Service code 64 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$7,354
PENSIONMARK FINANCIAL GROUP LLC1 year Service code 51 · EIN 61-1758632 24 E. COTA ST. · SANTA BARBARA, CA 93101	Investment Mgmt Fees	$4,837
PEERY & ASSOCIATES, INC.1 year Service code 14 · EIN 94-3274051 PO BOX 850 · PESCADERO, CA 94060	Plan Administrator	$3,141
LINCOLN NATIONAL CORPORATION1 year Filed as: LINCOLN FINANCIAL ADVISORS Service code 13 1301 S. CLINTON ST. · FORT WAYNE, IN 46802	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2L3D

Plan features

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$15K

$128 / participant

Other / not subdivided$15K100.0%

% of EOY assets

1.405%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: JOHANSON AND YAU ACCOUNTANCY CORPOR
Auditor EIN: 942702860
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,832

$65,061-66.4%

$143,757-84.8%

$66,914-67.4%

Participation rate

30.8%

65.2%-34.3pp

80.3%-49.5pp

69.8%-39.0pp

Annual return

-17.06%

-11.14%-5.9pp

-0.04%-17.0pp

1.58%-18.6pp

Employer contribution / active EE

$213

$2,361-91.0%

$4,951-95.7%

$2,544-91.6%

Participant deferral / active EE

$1,888

$2,919-35.3%

$5,637-66.5%

$4,237-55.4%

Admin fee / account holder

$307

$502-38.9%

$14,673-97.9%

$593-48.3%

Provider

Service type

Compensation

NATIONWIDE1 year

Service code 64 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$7,354

PENSIONMARK FINANCIAL GROUP LLC1 year

Service code 51 · EIN 61-1758632

24 E. COTA ST. · SANTA BARBARA, CA 93101

Investment Mgmt Fees

$4,837

PEERY & ASSOCIATES, INC.1 year

Service code 14 · EIN 94-3274051

PO BOX 850 · PESCADERO, CA 94060

Plan Administrator

$3,141

LINCOLN NATIONAL CORPORATION1 year

Filed as: LINCOLN FINANCIAL ADVISORS

Service code 13

1301 S. CLINTON ST. · FORT WAYNE, IN 46802

Contract Administrator

HAMILTON FAMILIES 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAMILTON FAMILIES 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