Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERFAITH COMMUNITY SERVICES, INC.

Name: INTERFAITH COMMUNITY SERVICES, INC. - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERFAITH COMMUNITY SERVICES, INC. (2024) Form 5500
Creator: INTERFAITH COMMUNITY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERFAITH COMMUNITY SERVICES, INC., INTERFAITH COMMUNITY SERVICES, INC.

INTERFAITH COMMUNITY SERVICES, INC.EIN 95-3837714Plan #001PY 2024

550 W WASHINGTON AVE STE B - ESCONDIDO, CA 920251643760-489-6380interfaithservices.orgLinkedIn201-500 employeesnon-profit organization management

Other plans on this EIN

1 filing

#002Retirement-$297K assets

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.4M

+27.0% from 2023

Total participants

529

+8.4% from 2023

Average account balance

$15,234

+15.7% from 2023

Annual return

14.56%

-4.82 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.37M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

484

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.

84.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

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

+14.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP6 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Claims processing; Participant loan p...	$6,641

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$4K

$15 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.060%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CAMBALIZA MCGEE LLP
Auditor EIN: 815185250
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,234

$50,919-70.1%

$155,556-90.2%

$77,762-80.4%

Participation rate

84.9%

63.1%+21.8pp

78.2%+6.7pp

70.6%+14.3pp

Annual return

14.56%

34.84%-20.3pp

64.84%-50.3pp

31.27%-16.7pp

Employer contribution / active EE

$1,340

$1,991-32.7%

$4,675-71.3%

$2,728-50.9%

Participant deferral / active EE

$2,254

$2,824-20.2%

$5,631-60.0%

$4,651-51.5%

Admin fee / account holder

$437-97.9%

$15,885-99.9%

$433-97.9%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP6 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Claims processing; Participant loan p...

$6,641

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERFAITH COMMUNITY SERVICES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERFAITH COMMUNITY SERVICES, INC.

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