Retirement plan

403B THIFT PLAN OF GALLIA-MEIGS COMMUNITY ACTION AGENCY, INC.

Name: GALLIA-MEIGS COMMUNITY ACTION AGENCY, IN.C - 403B THIFT PLAN OF GALLIA-MEIGS COMMUNITY ACTION AGENCY, INC. (2019) Form 5500
Creator: GALLIA-MEIGS COMMUNITY ACTION AGENCY, IN.C
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403B THIFT PLAN OF GALLIA-MEIGS COMMUNITY ACTION AGENCY, INC., GALLIA-MEIGS COMMUNITY ACTION AGENCY, IN.C

GALLIA-MEIGS COMMUNITY ACTION AGENCY, IN.Cdba GALLIA-MEIGS CAAEIN 31-6060696Plan #001PY 2019

8010 STATE ROUTE 7 NORTH, PO BOX 272 - CHESHIRE, OH 456200272740-367-7341LinkedIn11-50 employeescivic & social organization

Prospect flagsLow returnsHigh feesLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

+8.9% from 2018

Total participants

-9.1% from 2018

Average account balance

$47,082

+8.9% from 2018

Annual return

13.17%

+16.33 pp from 2018

Benchmarks

See 8,602 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,602 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.20M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

120.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$99K

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

+9.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4864

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 codes2F2G2T

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.
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.

Opportunity flags

4 tripped

OpportunityLow employer contribution
Employer 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.)
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

$231K

$8540 / participant

Other / not subdivided$231K100.0%

% of EOY assets

11.130%

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

$47,082

$54,757-14.0%

$90,300-47.9%

$72,983-35.5%

Participation rate

77.8%

65.1%+12.6pp

73.3%+4.5pp

69.5%+8.3pp

Annual return

13.17%

30.63%-17.5pp

78.11%-64.9pp

81.01%-67.8pp

Employer contribution / active EE

$155

$2,092-92.6%

$2,854-94.6%

$2,440-93.6%

Participant deferral / active EE

$5,401

$2,887+87.1%

$3,884+39.0%

$3,608+49.7%

Admin fee / account holder

$5,240

$3,972+31.9%

$5,353-2.1%

$5,124+2.3%

403B THIFT PLAN OF GALLIA-MEIGS COMMUNITY ACTION AGENCY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403B THIFT PLAN OF GALLIA-MEIGS 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