Retirement plan

EMPLOYEE BENEFIT PLAN OF NORTHWEST INDIANA COMMUNITY ACTION CORPORATION

Name: NORTHWEST INDIANA COMMUNITY ACTION CORPORATION - EMPLOYEE BENEFIT PLAN OF NORTHWEST INDIANA COMMUNITY ACTION CORPORATION (2022) Form 5500
Creator: NORTHWEST INDIANA COMMUNITY ACTION CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF NORTHWEST INDIANA COMMUNITY ACTION CORPORATION, NORTHWEST INDIANA COMMUNITY ACTION CORPORATION

NORTHWEST INDIANA COMMUNITY ACTION CORPORATIONEIN 35-1112290Plan #002PY 2022

5240 FOUNTAIN DR - CROWN POINT, IN 463071084219-794-1829

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4.8M

-10.3% from 2021

Total participants

200

+35.1% from 2021

Average account balance

$28,527

-22.0% from 2021

Annual return

-14.40%

-30.83 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.65M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

213

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.

79.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$640K

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

+27.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27

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 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP4 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Account maintenance fees; Claims proc...	$411

Plan features & details

Pension benefit codes2F2G2T3D

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.
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

$651

$4 / participant

Other / not subdivided$651100.0%

% of EOY assets

0.014%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI, LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,527

$65,125-56.2%

$143,797-80.2%

$66,949-57.4%

Participation rate

78.2%

65.2%+13.0pp

80.3%-2.1pp

69.8%+8.4pp

Annual return

-14.40%

-11.13%-3.3pp

-0.04%-14.4pp

1.57%-16.0pp

Employer contribution / active EE

$1,321

$2,362-44.1%

$4,952-73.3%

$2,545-48.1%

Participant deferral / active EE

$2,167

$2,920-25.8%

$5,638-61.6%

$4,239-48.9%

Admin fee / account holder

$503-99.2%

$14,679-100.0%

$594-99.3%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP4 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Account maintenance fees; Claims proc...

$411

EMPLOYEE BENEFIT PLAN OF NORTHWEST INDIANA COMMUNITY ACTION CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF NORTHWEST INDIANA COMMUNITY ACTION CORPORATION

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