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 (2023) 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 2023

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)

$3.7M

+13.5% from 2022

Total participants

127

0.0% from 2022

Average account balance

$28,778

+13.5% from 2022

Annual return

16.98%

+38.16 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE4 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$30,360
LEAFHOUSE FINANCIAL ADVISORS, LLC4 years Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC Service code 25 · EIN 26-4311657 6504 BRIDGEPOINT PARKWAY STE 450 · AUSTIN, TX 78730	Directed Trustee	$30,324
CLINT BEAULIEU1 year Filed as: CLINT DAVIS Service code 14 1743 E MAIN ST P.O BOX 768 · LANCASTER, IN 431300768	Plan Administrator	$11,653

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

$36K

$349 / participant

Investment mgmt$36K100.0%

% of EOY assets

0.974%

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

$28,778

$61,356-53.1%

$149,696-80.8%

$71,511-59.8%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

16.98%

35.86%-18.9pp

134.46%-117.5pp

28.86%-11.9pp

Employer contribution / active EE

$2,498

$2,382+4.9%

$4,821-48.2%

$2,589-3.5%

Participant deferral / active EE

$1,331

$2,920-54.4%

$5,682-76.6%

$4,291-69.0%

Admin fee / account holder

$280

$1,263-77.8%

$13,212-97.9%

$1,588-82.4%

Provider

Service type

Compensation

NATIONWIDE4 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$30,360

LEAFHOUSE FINANCIAL ADVISORS, LLC4 years

Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC

Service code 25 · EIN 26-4311657

6504 BRIDGEPOINT PARKWAY STE 450 · AUSTIN, TX 78730

Directed Trustee

$30,324

CLINT BEAULIEU1 year

Filed as: CLINT DAVIS

Service code 14

1743 E MAIN ST P.O BOX 768 · LANCASTER, IN 431300768

Plan Administrator

$11,653

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