Retirement plan

CANOPY CHILDREN'S SOLUTIONS RETIREMENT PLAN

Name: MISSISSIPPI CHILDREN'S HOME SERVICES, INC. DBA CANOPY CHILDR - CANOPY CHILDREN'S SOLUTIONS RETIREMENT PLAN (2024) Form 5500
Creator: MISSISSIPPI CHILDREN'S HOME SERVICES, INC. DBA CANOPY CHILDR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANOPY CHILDREN'S SOLUTIONS RETIREMENT PLAN, MISSISSIPPI CHILDREN'S HOME SERVICES, INC. DBA CANOPY CHILDR

MISSISSIPPI CHILDREN'S HOME SERVICES, INC. DBA CANOPY CHILDREIN 11-3667990Plan #001PY 2024

1465 LAKELAND DRIVE - JACKSON, MS 39216601-352-7784

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$14.1M

+22.6% from 2023

Total participants

1,060

+12.1% from 2023

Average account balance

$13,360

+6.9% from 2023

Annual return

13.15%

-1.30 pp from 2023

Benchmarks

See 1,035 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,035 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.09M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

1,055

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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 1 by compensation

Provider	Service type	Compensation
MAGNOLIA CAPITAL ADVISORS2 years Filed as: MAGNOLIA CAPITAL ADVISORS, LLC Service code 28 · EIN 83-1488684 4500 I-55 NORTH · JACKSON, MS 39211	Investment Management	$45,632

Plan features & details

Pension benefit codes2F2G2K2L2S2T3H

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

$71K

$120 / participant

Investment mgmt$8081.1%
Contract admin$68K96.5%
Other / not subdivided$2K2.4%

% of EOY assets

0.503%

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: HARPER, RAINS, KNIGHT & COMPANY PA
Auditor EIN: 640809101
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,360

$65,960-79.7%

$81,844-83.7%

$77,736-82.8%

Participation rate

99.2%

65.8%+33.4pp

72.4%+26.8pp

70.6%+28.6pp

Annual return

13.15%

26.64%-13.5pp

778.87%-765.7pp

31.26%-18.1pp

Employer contribution / active EE

$1,098

$2,375-53.8%

$2,916-62.3%

$2,728-59.7%

Participant deferral / active EE

$2,368

$3,505-32.5%

$4,323-45.2%

$4,651-49.1%

Admin fee / account holder

$67

$526-87.2%

$7,355-99.1%

$433-84.5%

Provider

Service type

Compensation

MAGNOLIA CAPITAL ADVISORS2 years

Filed as: MAGNOLIA CAPITAL ADVISORS, LLC

Service code 28 · EIN 83-1488684

4500 I-55 NORTH · JACKSON, MS 39211

Investment Management

$45,632

CANOPY CHILDREN'S SOLUTIONS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANOPY CHILDREN'S SOLUTIONS RETIREMENT 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