Retirement plan

LANCASTER-FAIRFIELD CAP, INC. 401(K) PROFIT SHARING PLAN

Name: LANCASTER-FAIRFIELD COMMUNITY ACTION PROGRAM, INC. - LANCASTER-FAIRFIELD CAP, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: LANCASTER-FAIRFIELD COMMUNITY ACTION PROGRAM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LANCASTER-FAIRFIELD CAP, INC. 401(K) PROFIT SHARING PLAN, LANCASTER-FAIRFIELD COMMUNITY ACTION PROGRAM, INC.

LANCASTER-FAIRFIELD COMMUNITY ACTION PROGRAM, INC.EIN 31-6060695Plan #002PY 2024

1743 E MAIN ST, P.O. BOX 768 - LANCASTER, OH 43130740-653-4146faircaa.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4.2M

+15.3% from 2023

Total participants

135

+6.3% from 2023

Average account balance

$31,214

+8.5% from 2023

Annual return

12.32%

-4.66 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.21M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

135

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

$409K

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

+12.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$162

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 6 by compensation

Provider	Service type	Compensation
LATITUDE SERVICE COMPANY INC1 year Filed as: LATITUDE SERVICE COMPANY Service code 49 · EIN 82-1371994 PO BOX 329 · PLYMOUTH, IN 46563	Other Services	$22,461
NATIONWIDE5 years Service code 19 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Securities Custodian	$18,530
STEWARD PARTNERS INVESTMENT ADV LLC1 year Filed as: STEWARD PARTNERS INVESTMENT ADVISOR Service code 27 · EIN 82-2030450 FLOOR 10, SUITE 1020 · STAMFORD, CT 069013512	Advisory (Plan)	$8,300
SALING SIMMS ASSOC INC1 year Filed as: SALING SIMMS ASSOCIATES INC Service code 27 · EIN 31-1254295 7965 N HIGH ST STE 130 · COLUMBUS, OH 43235	Advisory (Plan)	$7,890
LATITUDE SERVICE COMPANY INC1 year Filed as: LATITUDE Service code 49	Other Services	$3,672
LEAFHOUSE FINANCIAL ADVISORS, LLC5 years Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC Service code 25 · EIN 26-4311657 6504 BRIDGEPOINT PARKWAY STE 450 · AUSTIN, TX 78730	Directed Trustee	$2,021

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$22K

$210 / participant

Contract admin$22K100.0%

% of EOY assets

0.518%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: S.R. SNODGRASS, P.C.
Auditor EIN: 251616561
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,214

$55,472-43.7%

$155,567-79.9%

$74,546-58.1%

Participation rate

100.0%

61.9%+38.1pp

78.2%+21.8pp

67.2%+32.8pp

Annual return

12.32%

268.72%-256.4pp

64.74%-52.4pp

1366.03%-1353.7pp

Employer contribution / active EE

$2,571

$2,269+13.3%

$4,674-45.0%

$2,624-2.0%

Participant deferral / active EE

$1,360

$2,838-52.1%

$5,628-75.8%

$4,347-68.7%

Admin fee / account holder

$162

$1,743-90.7%

$15,916-99.0%

$1,944-91.7%

Provider

Service type

Compensation

LATITUDE SERVICE COMPANY INC1 year

Filed as: LATITUDE SERVICE COMPANY

Service code 49 · EIN 82-1371994

PO BOX 329 · PLYMOUTH, IN 46563

Other Services

$22,461

NATIONWIDE5 years

Service code 19

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Securities Custodian

$18,530

STEWARD PARTNERS INVESTMENT ADV LLC1 year

Filed as: STEWARD PARTNERS INVESTMENT ADVISOR

Service code 27 · EIN 82-2030450

FLOOR 10, SUITE 1020 · STAMFORD, CT 069013512

Advisory (Plan)

$8,300

SALING SIMMS ASSOC INC1 year

Filed as: SALING SIMMS ASSOCIATES INC

Service code 27 · EIN 31-1254295

7965 N HIGH ST STE 130 · COLUMBUS, OH 43235

Advisory (Plan)

$7,890

LATITUDE SERVICE COMPANY INC1 year

Filed as: LATITUDE

Service code 49

Other Services

$3,672

LEAFHOUSE FINANCIAL ADVISORS, LLC5 years

Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC

Service code 25 · EIN 26-4311657

6504 BRIDGEPOINT PARKWAY STE 450 · AUSTIN, TX 78730

Directed Trustee

$2,021

LANCASTER-FAIRFIELD CAP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LANCASTER-FAIRFIELD CAP, INC. 401(K) PROFIT SHARING 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