Retirement plan

MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM PROFIT SHARING 401(K) PLAN & TRUST

Name: MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM, INC. - MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM PROFIT SHARING 401(K) PLAN & TRUST (2019) Form 5500
Creator: MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM PROFIT SHARING 401(K) PLAN & TRUST, MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM, INC.

MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM, INC.EIN 06-0890278Plan #001PY 2019

38 OLD RIDGEBURY ROAD - DANBURY, CT 06810203-792-4515mccaonline.comLinkedIn201-500 employeesmental health care

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$7.4M

+11.2% from 2018

Total participants

160

+1.9% from 2018

Average account balance

$46,248

+9.1% from 2018

Annual return

4.95%

-1.44 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.59M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

198

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$981K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$75

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
FIIOC4+ years Filed as: FIIOC, INC. Service code 37 · EIN 04-2647786	Loan Processing	$4,214
STRATEGIC ADVISORS, INC.4+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$2,413

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$7K

$61 / participant

Investment mgmt$2K36.4%
Other / not subdivided$4K63.6%

% of EOY assets

0.090%

all-in expense ratio

Categories reported

1 / 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: BAGGE CENNAMO & PASCOE, LLP
Auditor EIN: 061498917
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,248

$52,961-12.7%

$172,752-73.2%

$65,185-29.1%

Participation rate

100.0%

66.2%+33.8pp

82.6%+17.4pp

70.2%+29.8pp

Annual return

4.95%

30.12%-25.2pp

802.97%-798.0pp

29.38%-24.4pp

Employer contribution / active EE

$6,046

$2,190+176.0%

$5,144+17.5%

$2,177+177.7%

Participant deferral / active EE

$1,950

$2,471-21.1%

$5,198-62.5%

$3,514-44.5%

Admin fee / account holder

$41

$472-91.2%

$13,955-99.7%

$847-95.1%

Provider

Service type

Compensation

FIIOC4+ years

Filed as: FIIOC, INC.

Service code 37 · EIN 04-2647786

Loan Processing

$4,214

STRATEGIC ADVISORS, INC.4+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$2,413

MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM PROFIT SHARING 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM PROFIT SHARING 401(K) PLAN & 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