Retirement plan

CENTRAL UNITED METHODIST CHURCH OF ASHEVILLE, INC. EMPLOYEES RETIREMENT PLAN

Name: CENTRAL UNITED METHODIST CHURCH OF ASHEVILLE, INC. - CENTRAL UNITED METHODIST CHURCH OF ASHEVILLE, INC. EMPLOYEES RETIREMENT PLAN (2023) Form 5500
Creator: CENTRAL UNITED METHODIST CHURCH OF ASHEVILLE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL UNITED METHODIST CHURCH OF ASHEVILLE, INC. EMPLOYEES RETIREMENT PLAN, CENTRAL UNITED METHODIST CHURCH OF ASHEVILLE, INC.

CENTRAL UNITED METHODIST CHURCH OF ASHEVILLE, INC.EIN 20-5446516Plan #001PY 2023

27 CHURCH STREET - ASHEVILLE, NC 288013303828-253-3316LinkedIn11-50 employeescivic & social organization

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$553K

+17.3% from 2022

Total participants

0.0% from 2022

Average account balance

$61,459

+17.3% from 2022

Annual return

14.39%

+29.74 pp from 2022

Benchmarks

See 41,808 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,808 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$589K

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4363

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 codes2C3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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

1 tripped

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

$7K

$1318 / participant

Other / not subdivided$7K100.0%

% of EOY assets

1.191%

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

$61,459

$96,678-36.4%

$86,640-29.1%

$139,466-55.9%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

14.39%

106.69%-92.3pp

592.52%-578.1pp

373.66%-359.3pp

Employer contribution / active EE

$4,022

$3,265+23.2%

$3,024+33.0%

$4,754-15.4%

Participant deferral / active EE

$4,837-100.0%

$4,438-100.0%

$6,712-100.0%

Admin fee / account holder

$732

$6,410-88.6%

$5,616-87.0%

$11,409-93.6%

CENTRAL UNITED METHODIST CHURCH OF ASHEVILLE, INC. EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL UNITED METHODIST CHURCH OF ASHEVILLE, INC. EMPLOYEES 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