Retirement plan

COMMUNITY ACTION PROGRAM INTER-CITY INC. TAX SHELTERED ANNUITY

Name: COMMUNITY ACTION PROGRAM INTER-CITY INC - COMMUNITY ACTION PROGRAM INTER-CITY INC. TAX SHELTERED ANNUITY (2016) Form 5500
Creator: COMMUNITY ACTION PROGRAM INTER-CITY INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY ACTION PROGRAM INTER-CITY INC. TAX SHELTERED ANNUITY, COMMUNITY ACTION PROGRAM INTER-CITY INC

COMMUNITY ACTION PROGRAM INTER-CITY INCEIN 04-2428915Plan #002PY 2016

100 EVERETT AVENUE - CHELSEA, MA 02150617-884-6130LinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.5M

+4.5% from 2015

Total participants

+6.2% from 2015

Average account balance

$54,057

-0.5% from 2015

Annual return

2.35%

+0.52 pp from 2015

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.07M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

162.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$301K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+4.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7064

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 codes2F2G2L3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$212K

$2980 / participant

Other / not subdivided$212K100.0%

% of EOY assets

4.716%

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

$54,057

$77,638-30.4%

$156,551-65.5%

$62,881-14.0%

Participation rate

95.8%

71.2%+24.6pp

84.0%+11.8pp

69.3%+26.5pp

Annual return

2.35%

50.33%-48.0pp

32.23%-29.9pp

20.14%-17.8pp

Employer contribution / active EE

$1,557

$3,444-54.8%

$5,501-71.7%

$2,281-31.7%

Participant deferral / active EE

$2,745

$3,046-9.9%

$4,871-43.6%

$3,203-14.3%

Admin fee / account holder

$2,549

$5,561-54.2%

$13,028-80.4%

$4,296-40.7%

COMMUNITY ACTION PROGRAM INTER-CITY INC. TAX SHELTERED ANNUITY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY ACTION PROGRAM INTER-CITY INC. TAX SHELTERED ANNUITY

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