Retirement plan

COMMUNITY TRANSPORTATION ASSOCIATION OF AMERICA, INC. TAX SHELTERED ANNUITY

Name: COMM TRANS ASSOC OF AMERICA - COMMUNITY TRANSPORTATION ASSOCIATION OF AMERICA, INC. TAX SHELTERED ANNUITY (2022) Form 5500
Creator: COMM TRANS ASSOC OF AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY TRANSPORTATION ASSOCIATION OF AMERICA, INC. TAX SHELTERED ANNUITY, COMM TRANS ASSOC OF AMERICA

COMM TRANS ASSOC OF AMERICAEIN 23-7383218Plan #002PY 2022

1341 G ST NW STE 210 - WASHINGTON, DC 200053135856-701-2850

Other plans on this EIN

1 filing

#001Retirement-$2.3M assets

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.4M

-35.8% from 2021

Total participants

+12.5% from 2021

Average account balance

$95,150

-43.5% from 2021

Annual return

-22.99%

-38.05 pp from 2021

Benchmarks

See 8,685 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort8,685 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.51M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$218K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+21.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13521

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 codes2F2G2L2M2T3D

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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$662K

$30086 / participant

Other / not subdivided$662K100.0%

% of EOY assets

27.825%

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

$95,150

$82,324+15.6%

$68,803+38.3%

$134,545-29.3%

Participation rate

90.9%

75.1%+15.9pp

69.0%+21.9pp

81.2%+9.7pp

Annual return

-22.99%

-2.17%-20.8pp

-6.37%-16.6pp

418.37%-441.4pp

Employer contribution / active EE

$2,761

$3,302-16.4%

$2,656+4.0%

$4,742-41.8%

Participant deferral / active EE

$4,583

$4,740-3.3%

$3,942+16.3%

$6,401-28.4%

Admin fee / account holder

$26,475

$6,485+308.3%

$4,936+436.4%

$11,431+131.6%

COMMUNITY TRANSPORTATION ASSOCIATION OF AMERICA, INC. TAX SHELTERED ANNUITY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY TRANSPORTATION ASSOCIATION OF AMERICA, INC. TAX SHELTERED ANNUITY

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