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 (2024) 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 2024

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)

$12.3M

+16.5% from 2023

Total participants

212

+19.1% from 2023

Average account balance

$59,279

-0.3% from 2023

Annual return

13.73%

+3.50 pp from 2023

Benchmarks

See 6,010 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,010 peers

Snapshot2024

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 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$9,910
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$8,636
STRATIGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$8,636
FIIOC3 years Service code 60	Sub-TA Fees	$0
FIIOC9+ years Filed as: FIIOC, INC. Service code 28	Investment Management	$0
FIOCC1 year 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

$14K

$103 / participant

Recordkeeping$5K36.5%
Investment mgmt$9K63.5%

% of EOY assets

0.110%

all-in expense ratio

Categories reported

2 / 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

$59,279

$55,423+7.0%

$155,602-61.9%

$74,400-20.3%

Participation rate

97.0%

61.9%+35.1pp

78.2%+18.8pp

67.2%+29.8pp

Annual return

13.73%

269.07%-255.3pp

64.81%-51.1pp

1367.51%-1353.8pp

Employer contribution / active EE

$5,854

$2,266+158.4%

$4,675+25.2%

$2,624+123.1%

Participant deferral / active EE

$2,626

$2,835-7.4%

$5,629-53.3%

$4,348-39.6%

Admin fee / account holder

$65

$1,744-96.3%

$15,923-99.6%

$1,944-96.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$9,910

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$8,636

STRATIGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$8,636

FIIOC3 years

Service code 60

Sub-TA Fees

FIIOC9+ years

Filed as: FIIOC, INC.

Service code 28

Investment Management

FIOCC1 year

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