Retirement plan

403(B) THRIFT PLAN OF EFFECTIVE PLANNING AND INNOVATIVE COMMUNICATION, INC. (EPIC)

Name: EFFECTIVE PLANNING AND INNOVAT - 403(B) THRIFT PLAN OF EFFECTIVE PLANNING AND INNOVATIVE COMMUNICATION, INC. (EPIC) (2022) Form 5500
Creator: EFFECTIVE PLANNING AND INNOVAT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF EFFECTIVE PLANNING AND INNOVATIVE COMMUNICATION, INC. (EPIC), EFFECTIVE PLANNING AND INNOVAT

EFFECTIVE PLANNING AND INNOVATEIN 99-0333370Plan #001PY 2022

1130 N NIMITZ HWY RM C210 - HONOLULU, HI 968176514808-748-7067epicohana.orgLinkedIn1-10 employees

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.4M

-14.7% from 2021

Total participants

129

+6.6% from 2021

Average account balance

$37,259

-20.3% from 2021

Annual return

-15.09%

-48.55 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.49M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$362K

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

+13.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2466

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 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP3 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Account maintenance fees; Claims proc...	$0

Plan features & details

Pension benefit codes2G3D2J2K2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$446

$5 / participant

Other / not subdivided$446100.0%

% of EOY assets

0.013%

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: JAMES D. JENNINGS, CPA, INC.
Auditor EIN: 431952338
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,259

$73,863-49.6%

$143,797-74.1%

$68,490-45.6%

Participation rate

60.2%

66.7%-6.5pp

80.3%-20.1pp

67.9%-7.7pp

Annual return

-15.09%

0.91%-16.0pp

-0.04%-15.1pp

-7.85%-7.2pp

Employer contribution / active EE

$896

$3,185-71.9%

$4,952-81.9%

$2,597-65.5%

Participant deferral / active EE

$2,367

$3,385-30.1%

$5,638-58.0%

$4,028-41.2%

Admin fee / account holder

$5,756-99.9%

$14,679-100.0%

$5,403-99.9%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP3 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Account maintenance fees; Claims proc...

403(B) THRIFT PLAN OF EFFECTIVE PLANNING AND INNOVATIVE COMMUNICATION, INC. (EPIC)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF EFFECTIVE PLANNING AND INNOVATIVE COMMUNICATION, INC. (EPIC)

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