Retirement plan

403(B) THRIFT PLAN OF WYOMING COUNTY COMMUNITY ACTION, INC.

Name: WYOMING COUNTY COMMUNITY ACTION, INC. - 403(B) THRIFT PLAN OF WYOMING COUNTY COMMUNITY ACTION, INC. (2020) Form 5500
Creator: WYOMING COUNTY COMMUNITY ACTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF WYOMING COUNTY COMMUNITY ACTION, INC., WYOMING COUNTY COMMUNITY ACTION, INC.

WYOMING COUNTY COMMUNITY ACTION, INC.EIN 16-1488538Plan #002PY 2020

6470 STATE ROUTE 20A STE 1 - PERRY, NY 145309765585-237-2600LinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.1M

+9.6% from 2019

Total participants

+3.8% from 2019

Average account balance

$26,850

+4.4% from 2019

Annual return

10.24%

-10.81 pp from 2019

Benchmarks

See 18,633 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,633 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.21M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

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.

145.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$58K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4684

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2S2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$61K

$1101 / participant

Other / not subdivided$61K100.0%

% of EOY assets

5.372%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,850

$91,179-70.6%

$178,499-85.0%

$79,852-66.4%

Participation rate

76.4%

69.2%+7.2pp

81.9%-5.6pp

69.6%+6.7pp

Annual return

10.24%

24.19%-14.0pp

151.10%-140.9pp

31.72%-21.5pp

Employer contribution / active EE

$410

$3,256-87.4%

$5,011-91.8%

$2,471-83.4%

Participant deferral / active EE

$559

$3,236-82.7%

$5,202-89.3%

$3,740-85.0%

Admin fee / account holder

$1,442

$6,749-78.6%

$13,986-89.7%

$5,306-72.8%

403(B) THRIFT PLAN OF WYOMING COUNTY COMMUNITY ACTION, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF WYOMING COUNTY COMMUNITY ACTION, INC.

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