Retirement plan

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

Name: GALLIA-MEIGS COMMUNITY ACTION AGENCY, INC. - 403B THRIFT PLAN OF GALLIA-MEIGS COMMUNITY ACTION AGENCY, INC. (2020) Form 5500
Creator: GALLIA-MEIGS COMMUNITY ACTION AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403B THRIFT PLAN OF GALLIA-MEIGS COMMUNITY ACTION AGENCY, INC., GALLIA-MEIGS COMMUNITY ACTION AGENCY, INC.

GALLIA-MEIGS COMMUNITY ACTION AGENCY, INC.dba GALLIA-MEIGS CAAEIN 31-6060696Plan #001PY 2020

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

Prospect flagsLow returnsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.8M

-15.1% from 2019

Total participants

-12.0% from 2019

Average account balance

$42,881

-8.9% from 2019

Annual return

6.96%

-6.20 pp from 2019

Benchmarks

See 8,769 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,769 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.08M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

147.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$146K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6515

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

3 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.

Expense breakdown

Schedule H Part II

Admin total

$607K

$24292 / participant

Other / not subdivided$607K100.0%

% of EOY assets

34.543%

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

$42,881

$60,128-28.7%

$90,440-52.6%

$79,852-46.3%

Participation rate

88.0%

65.0%+23.0pp

72.7%+15.3pp

69.6%+18.4pp

Annual return

6.96%

71.95%-65.0pp

1294.38%-1287.4pp

31.72%-24.8pp

Employer contribution / active EE

$164

$2,068-92.1%

$3,263-95.0%

$2,471-93.4%

Participant deferral / active EE

$5,809

$2,939+97.7%

$3,964+46.6%

$3,740+55.3%

Admin fee / account holder

$14,812

$3,977+272.4%

$5,615+163.8%

$5,306+179.1%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403B THRIFT 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