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. (2019) 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 #002PY 2019

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

Other plans on this EIN

1 filing

#001Retirement-$1.3M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

+21.9% from 2018

Total participants

+8.8% from 2018

Average account balance

$20,215

+13.8% from 2018

Annual return

16.60%

+22.62 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.07M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

115.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$151K

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

+14.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$360

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

$46K

$968 / participant

Other / not subdivided$46K100.0%

% of EOY assets

3.830%

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

$20,215

$85,171-76.3%

$172,753-88.3%

$72,976-72.3%

Participation rate

95.8%

70.1%+25.8pp

82.6%+13.2pp

69.5%+26.3pp

Annual return

16.60%

27.32%-10.7pp

803.00%-786.4pp

81.02%-64.4pp

Employer contribution / active EE

$1,018

$3,324-69.4%

$5,144-80.2%

$2,440-58.3%

Participant deferral / active EE

$1,022

$3,260-68.7%

$5,198-80.3%

$3,608-71.7%

Admin fee / account holder

$774

$5,880-86.8%

$13,956-94.5%

$5,124-84.9%

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