Retirement plan

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

Name: MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM - MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM PROFIT SHARING 401(K) PLAN (2022) Form 5500
Creator: MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM PROFIT SHARING 401(K) PLAN, MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISM

MIDWESTERN CONNECTICUT COUNCIL ON ALCOHOLISMEIN 06-0890278Plan #001PY 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.1M

-9.0% from 2021

Total participants

161

+4.5% from 2021

Average account balance

$57,047

-12.4% from 2021

Annual return

-14.80%

-41.64 pp from 2021

Benchmarks

See 5,349 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,349 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.7+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$5,756
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 06-2647786	Loan Processing	$3,941
FIIOC1 year Service code 60	Sub-TA Fees	$0
FIIOC7+ years Filed as: FIIOC, INC. Service code 60	Sub-TA Fees	$0

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$10K

$93 / participant

Contract admin$6K59.4%
Other / not subdivided$4K40.6%

% of EOY assets

0.106%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NANAVATY DAVENPORT STUDLEY WHITELLP
Auditor EIN: 061402749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,047

$65,092-12.4%

$143,799-60.3%

$66,938-14.8%

Participation rate

99.0%

65.2%+33.8pp

80.3%+18.7pp

69.8%+29.2pp

Annual return

-14.80%

-11.14%-3.7pp

-0.04%-14.8pp

1.58%-16.4pp

Employer contribution / active EE

$6,536

$2,362+176.8%

$4,952+32.0%

$2,545+156.8%

Participant deferral / active EE

$2,689

$2,920-7.9%

$5,638-52.3%

$4,238-36.6%

Admin fee / account holder

$61

$502-87.9%

$14,677-99.6%

$594-89.8%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.7+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$5,756

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 06-2647786

Loan Processing

$3,941

FIIOC1 year

Service code 60

Sub-TA Fees

FIIOC7+ years

Filed as: FIIOC, INC.

Service code 60

Sub-TA Fees

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

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

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