Retirement plan

AMERICAN CONSUMER CREDIT COUNS 401(K) PROFIT SHARINGPLAN AND TRUST

Name: AMERICAN CONSUMER CREDIT COUNSELING - AMERICAN CONSUMER CREDIT COUNS 401(K) PROFIT SHARINGPLAN AND TRUST (2020) Form 5500
Creator: AMERICAN CONSUMER CREDIT COUNSELING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN CONSUMER CREDIT COUNS 401(K) PROFIT SHARINGPLAN AND TRUST, AMERICAN CONSUMER CREDIT COUNSELING

AMERICAN CONSUMER CREDIT COUNSELINGEIN 04-3166982Plan #001PY 2020

130 RUMFORD AVENUE, SUITE 202 - AUBURNDALE, MA 02466617-559-5762consumercredit.comLinkedIn51-200 employeesfinancial services

Prospect flagsLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$4.9M

+17.2% from 2019

Total participants

142

-4.7% from 2019

Average account balance

$41,491

+19.2% from 2019

Annual return

13.80%

-10.74 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.70M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

224

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$697K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH2 years Filed as: CAMBRIDGE INVESTMENT RESEARCH. Service code 27 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556	Advisory (Plan)	$19,567
THE VANGUARD GROUP, INC.3 years Service code 15 · EIN 23-1945930	Recordkeeping	$5,292

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$24K

$218 / participant

Investment mgmt$23K94.8%
Contract admin$1K5.2%

% of EOY assets

0.485%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: OBRIEN RILEY & RYAN PC
Auditor EIN: 043176941
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,491

$136,307-69.6%

$177,827-76.7%

$73,493-43.5%

Participation rate

78.0%

86.1%-8.1pp

87.7%-9.7pp

70.7%+7.3pp

Annual return

13.80%

18.68%-4.9pp

48.32%-34.5pp

28.51%-14.7pp

Employer contribution / active EE

$592

$3,712-84.0%

$5,918-90.0%

$2,270-73.9%

Participant deferral / active EE

$2,327

$5,829-60.1%

$7,713-69.8%

$3,740-37.8%

Admin fee / account holder

$201

$596-66.2%

$12,429-98.4%

$513-60.8%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH2 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH.

Service code 27

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556

Advisory (Plan)

$19,567

THE VANGUARD GROUP, INC.3 years

Service code 15 · EIN 23-1945930

Recordkeeping

$5,292

AMERICAN CONSUMER CREDIT COUNS 401(K) PROFIT SHARINGPLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN CONSUMER CREDIT COUNS 401(K) PROFIT SHARINGPLAN AND TRUST

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