Retirement plan

COMMUNITY ACTION OF ORLEANS AND GENESEE, INC. 403(B) PLAN

Name: COMMUNITY ACTION OF ORLEANS AND GENESEE, INC. - COMMUNITY ACTION OF ORLEANS AND GENESEE, INC. 403(B) PLAN (2017) Form 5500
Creator: COMMUNITY ACTION OF ORLEANS AND GENESEE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY ACTION OF ORLEANS AND GENESEE, INC. 403(B) PLAN, COMMUNITY ACTION OF ORLEANS AND GENESEE, INC.

COMMUNITY ACTION OF ORLEANS AND GENESEE, INC.EIN 16-6059252Plan #001PY 2017

409 E STATE ST - ALBION, NY 144111123585-589-5606caoginc.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.8M

+11.6% from 2016

Total participants

144

+20.0% from 2016

Average account balance

$28,724

+16.3% from 2016

Annual return

15.82%

+7.60 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.46M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

127

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.

82.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$274K

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

+16.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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
NORTH WOODS ASSET MANAGEMENT LLC2 years Service code 27 · EIN 47-3992551	Advisory (Plan)	$6,455
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$3,590

Plan features & details

Pension benefit codes2F2G2L2M2S2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$4K

$27 / participant

Contract admin$4K100.0%

% of EOY assets

0.130%

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: EFPRGROUP, CPAS
Auditor EIN: 474526160
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,724

$55,453-48.2%

$170,435-83.1%

$62,293-53.9%

Participation rate

63.9%

66.4%-2.5pp

83.6%-19.7pp

69.5%-5.6pp

Annual return

15.82%

21.38%-5.6pp

205.94%-190.1pp

28.90%-13.1pp

Employer contribution / active EE

$1,147

$2,164-47.0%

$5,432-78.9%

$2,042-43.8%

Participant deferral / active EE

$1,261

$2,303-45.2%

$4,939-74.5%

$3,169-60.2%

Admin fee / account holder

$37

$455-91.8%

$13,881-99.7%

$479-92.2%

Provider

Service type

Compensation

NORTH WOODS ASSET MANAGEMENT LLC2 years

Service code 27 · EIN 47-3992551

Advisory (Plan)

$6,455

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$3,590

COMMUNITY ACTION OF ORLEANS AND GENESEE, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY ACTION OF ORLEANS AND GENESEE, INC. 403(B) 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