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. (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.1M

-12.0% from 2021

Total participants

+9.2% from 2021

Average account balance

$33,016

-19.5% from 2021

Annual return

-16.85%

-37.17 pp from 2021

Benchmarks

See 19,706 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,706 peers

Snapshot2022

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 codes2F2G2T3D

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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$54K

$921 / participant

Other / not subdivided$54K100.0%

% of EOY assets

1.769%

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

$33,016

$73,848-55.3%

$143,799-77.0%

$68,486-51.8%

Participation rate

96.6%

66.7%+30.0pp

80.3%+16.3pp

67.9%+28.7pp

Annual return

-16.85%

0.91%-17.8pp

-0.04%-16.8pp

-7.85%-9.0pp

Employer contribution / active EE

$1,310

$3,184-58.8%

$4,952-73.5%

$2,597-49.5%

Participant deferral / active EE

$2,481

$3,385-26.7%

$5,638-56.0%

$4,028-38.4%

Admin fee / account holder

$584

$5,755-89.8%

$14,677-96.0%

$5,404-89.2%

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