Retirement plan

403(B) THRIFT PLAN OF BERKS COMMUNITY ACTION PROGRAM, INC.

Name: BERKS COMMUNITY ACTION PROGRAM, INC . - 403(B) THRIFT PLAN OF BERKS COMMUNITY ACTION PROGRAM, INC. (2016) Form 5500
Creator: BERKS COMMUNITY ACTION PROGRAM, INC .
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF BERKS COMMUNITY ACTION PROGRAM, INC., BERKS COMMUNITY ACTION PROGRAM, INC .

BERKS COMMUNITY ACTION PROGRAM, INC .EIN 23-1704527Plan #001PY 2016

645 PENN ST FL 3 - READING, PA 19601610-376-6571bcapberks.orgLinkedIn1-10 employeescivic & social organization

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.1M

+11.4% from 2015

Total participants

0.0% from 2015

Average account balance

$20,363

+15.4% from 2015

Annual return

8.20%

+9.47 pp from 2015

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.07M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

168.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$121K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1989

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 codes2L2G2F2J2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

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

$30K

$1014 / participant

Other / not subdivided$30K100.0%

% of EOY assets

2.717%

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

$20,363

$77,638-73.8%

$156,551-87.0%

$62,881-67.6%

Participation rate

93.3%

71.2%+22.1pp

84.0%+9.3pp

69.3%+24.0pp

Annual return

8.20%

50.33%-42.1pp

32.23%-24.0pp

20.14%-11.9pp

Employer contribution / active EE

$1,766

$3,444-48.7%

$5,501-67.9%

$2,281-22.6%

Participant deferral / active EE

$293

$3,046-90.4%

$4,871-94.0%

$3,203-90.8%

Admin fee / account holder

$553

$5,561-90.1%

$13,028-95.8%

$4,296-87.1%

403(B) THRIFT PLAN OF BERKS COMMUNITY ACTION PROGRAM, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF BERKS COMMUNITY ACTION PROGRAM, 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