Retirement plan

CENTRAL VERMONT COUNCIL ON AGING, INC. 403(B) RETIREMENT PLAN

Name: CENTRAL VERMONT COUNCIL ON AGING - CENTRAL VERMONT COUNCIL ON AGING, INC. 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: CENTRAL VERMONT COUNCIL ON AGING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL VERMONT COUNCIL ON AGING, INC. 403(B) RETIREMENT PLAN, CENTRAL VERMONT COUNCIL ON AGING

CENTRAL VERMONT COUNCIL ON AGINGEIN 03-0276104Plan #001PY 2023

59 N. MAIN STREET, SUITE 200 - BARRE, VT 056414278802-479-0531LinkedIn1-10 employeesnon-profit organization management

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.8M

+16.5% from 2022

Total participants

+1.3% from 2022

Average account balance

$37,471

+10.4% from 2022

Annual return

13.58%

+27.55 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.50M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

210.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$164K

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

+19.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1049

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 codes2G2M3D

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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

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

$95K

$3164 / participant

Other / not subdivided$95K100.0%

% of EOY assets

3.333%

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

$37,471

$77,908-51.9%

$149,696-75.0%

$75,173-50.2%

Participation rate

96.7%

65.6%+31.1pp

78.8%+17.9pp

67.2%+29.5pp

Annual return

13.58%

31.73%-18.1pp

134.46%-120.9pp

160.72%-147.1pp

Employer contribution / active EE

$1,504

$3,138-52.1%

$4,821-68.8%

$2,671-43.7%

Participant deferral / active EE

$4,032

$3,411+18.2%

$5,682-29.0%

$4,126-2.3%

Admin fee / account holder

$1,249

$5,950-79.0%

$13,212-90.5%

$5,651-77.9%

CENTRAL VERMONT COUNCIL ON AGING, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL VERMONT COUNCIL ON AGING, INC. 403(B) RETIREMENT 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