Retirement plan

403(B) THRIFT PLAN OF COMMUNITY ACTION AGENCY OF SOMERVILLE, INC.

Name: COMMUNITY ACTION AGENCY OF SOMERVILLE, INC. - 403(B) THRIFT PLAN OF COMMUNITY ACTION AGENCY OF SOMERVILLE, INC. (2020) Form 5500
Creator: COMMUNITY ACTION AGENCY OF SOMERVILLE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF COMMUNITY ACTION AGENCY OF SOMERVILLE, INC., COMMUNITY ACTION AGENCY OF SOMERVILLE, INC.

COMMUNITY ACTION AGENCY OF SOMERVILLE, INC.EIN 04-2740838Plan #001PY 2020

66-70 UNION SQUARE #104 - SOMERVILLE, MA 02143617-623-7370caasomerville.orgLinkedIn11-50 employeesnon-profit organization management

Other plans on this EIN

1 filing

#002Retirement-$1.4M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+12.3% from 2019

Total participants

0.0% from 2019

Average account balance

$53,619

+12.3% from 2019

Annual return

10.33%

-6.02 pp from 2019

Benchmarks

See 18,636 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,636 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.67M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

88.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$173K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$717

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 codes2F2G2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$76K

$3040 / participant

Other / not subdivided$76K100.0%

% of EOY assets

5.250%

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

$53,619

$91,167-41.2%

$178,498-70.0%

$79,858-32.9%

Participation rate

76.0%

69.2%+6.8pp

81.9%-5.9pp

69.6%+6.4pp

Annual return

10.33%

24.19%-13.9pp

151.09%-140.8pp

31.72%-21.4pp

Employer contribution / active EE

$2,566

$3,255-21.2%

$5,011-48.8%

$2,471+3.9%

Participant deferral / active EE

$1,483

$3,236-54.2%

$5,202-71.5%

$3,740-60.3%

Admin fee / account holder

$2,815

$6,747-58.3%

$13,985-79.9%

$5,306-46.9%

403(B) THRIFT PLAN OF COMMUNITY ACTION AGENCY OF SOMERVILLE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF COMMUNITY ACTION AGENCY OF SOMERVILLE, 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