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 (2018) 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 2018

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

Prospect flagsLow returnsRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.8M

+1.6% from 2017

Total participants

151

+4.9% from 2017

Average account balance

$20,910

-27.2% from 2017

Annual return

-7.48%

-23.30 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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 LLC3 years Service code 27 · EIN 47-3992551	Advisory (Plan)	$7,012
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$1,722

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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$2K

$13 / participant

Contract admin$2K100.0%

% of EOY assets

0.061%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,910

$47,977-56.4%

$154,111-86.4%

$56,287-62.9%

Participation rate

87.0%

66.2%+20.9pp

83.0%+4.0pp

69.9%+17.2pp

Annual return

-7.48%

3.54%-11.0pp

735.18%-742.7pp

-9.96%+2.5pp

Employer contribution / active EE

$618

$2,169-71.5%

$5,298-88.3%

$2,111-70.7%

Participant deferral / active EE

$1,405

$2,392-41.3%

$5,081-72.4%

$3,350-58.1%

Admin fee / account holder

$13

$438-97.1%

$13,411-99.9%

$521-97.5%

Provider

Service type

Compensation

NORTH WOODS ASSET MANAGEMENT LLC3 years

Service code 27 · EIN 47-3992551

Advisory (Plan)

$7,012

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,722

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