Retirement plan

403(B) THRIFT PLAN OF SOUTHEASTERN VERMONT COMMUNITY ACTION, INC.

Name: SOUTHEASTERN VERMONT COMMUNITY ACTION, INC. - 403(B) THRIFT PLAN OF SOUTHEASTERN VERMONT COMMUNITY ACTION, INC. (2018) Form 5500
Creator: SOUTHEASTERN VERMONT COMMUNITY ACTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF SOUTHEASTERN VERMONT COMMUNITY ACTION, INC., SOUTHEASTERN VERMONT COMMUNITY ACTION, INC.

SOUTHEASTERN VERMONT COMMUNITY ACTION, INC.EIN 03-0216740Plan #001PY 2018

91 BUCK DR - WESTMINSTER, VT 051589617802-722-4575sevca.orgLinkedIn51-200 employeescivic & social organization

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2M

+10.1% from 2017

Total participants

+5.3% from 2017

Average account balance

$25,018

+6.0% from 2017

Annual return

7.91%

-5.03 pp from 2017

Benchmarks

See 18,164 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,164 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.54M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$202K

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

+22.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3479

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

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 codes2F2T

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).
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$122K

$2173 / participant

Other / not subdivided$122K100.0%

% of EOY assets

6.158%

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

$25,018

$75,962-67.1%

$154,111-83.8%

$64,173-61.0%

Participation rate

98.2%

70.4%+27.8pp

83.0%+15.2pp

69.6%+28.6pp

Annual return

7.91%

30.32%-22.4pp

735.18%-727.3pp

7.63%+0.3pp

Employer contribution / active EE

$1,020

$3,350-69.5%

$5,298-80.7%

$2,381-57.1%

Participant deferral / active EE

$1,851

$3,175-41.7%

$5,081-63.6%

$3,470-46.7%

Admin fee / account holder

$1,541

$5,589-72.4%

$13,411-88.5%

$4,887-68.5%

403(B) THRIFT PLAN OF SOUTHEASTERN VERMONT COMMUNITY ACTION, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF SOUTHEASTERN VERMONT COMMUNITY ACTION, 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