Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SOUTH CENTRAL COMMUNITY ACTION AGENCY, INC.

Name: SOUTH CENTRAL COMMUNITY ACTION - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SOUTH CENTRAL COMMUNITY ACTION AGENCY, INC. (2024) Form 5500
Creator: SOUTH CENTRAL COMMUNITY ACTION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SOUTH CENTRAL COMMUNITY ACTION AGENCY, INC., SOUTH CENTRAL COMMUNITY ACTION

SOUTH CENTRAL COMMUNITY ACTIONEIN 31-1751892Plan #001PY 2024

PO BOX 6590 - JACKSON, MS 392826590769-235-8224yoursccaa.comLinkedIn11-50 employees

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$505K

+39.8% from 2023

Total participants

+19.4% from 2023

Average account balance

$13,642

+13.4% from 2023

Annual return

11.06%

-2.23 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$505K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$112K

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

+11.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$229

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 codes2G3D2J2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$8K

$229 / participant

Other / not subdivided$8K100.0%

% of EOY assets

1.681%

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

$13,642

$81,331-83.2%

$155,534-91.2%

$80,935-83.1%

Participation rate

83.8%

66.3%+17.5pp

78.2%+5.6pp

67.7%+16.1pp

Annual return

11.06%

33.37%-22.3pp

64.92%-53.9pp

35.66%-24.6pp

Employer contribution / active EE

$2,303

$3,105-25.8%

$4,675-50.7%

$2,757-16.5%

Participant deferral / active EE

$726

$3,454-79.0%

$5,630-87.1%

$4,299-83.1%

Admin fee / account holder

$229

$7,999-97.1%

$15,900-98.6%

$6,924-96.7%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SOUTH CENTRAL COMMUNITY ACTION AGENCY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SOUTH CENTRAL COMMUNITY ACTION AGENCY, 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