Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERLOCAL COMMUNITY ACTION PROGRAM INC.

Name: INTERLOCAL COMMUNITY ACTION PR - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERLOCAL COMMUNITY ACTION PROGRAM INC. (2023) Form 5500
Creator: INTERLOCAL COMMUNITY ACTION PR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERLOCAL COMMUNITY ACTION PROGRAM INC., INTERLOCAL COMMUNITY ACTION PR

INTERLOCAL COMMUNITY ACTION PREIN 35-1116629Plan #002PY 2023

PO BOX 449 - NEW CASTLE, IN 473620449765-529-4403LinkedIn11-50 employeesprimary/secondary education

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

+6.6% from 2022

Total participants

126

-8.7% from 2022

Average account balance

$16,181

+11.7% from 2022

Annual return

13.68%

+28.20 pp from 2022

Benchmarks

See 20,797 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,797 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.68M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

58.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$136K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3321

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

Top 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP5 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Recordkeeping and information managem...	$559

Plan features & details

Pension benefit codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$264K

$3184 / participant

Other / not subdivided$264K100.0%

% of EOY assets

15.705%

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

$16,181

$77,920-79.2%

$149,723-89.2%

$75,177-78.5%

Participation rate

73.5%

65.6%+7.9pp

78.8%-5.3pp

67.2%+6.3pp

Annual return

13.68%

31.72%-18.0pp

134.50%-120.8pp

160.75%-147.1pp

Employer contribution / active EE

$885

$3,138-71.8%

$4,821-81.7%

$2,671-66.9%

Participant deferral / active EE

$940

$3,411-72.4%

$5,682-83.5%

$4,126-77.2%

Admin fee / account holder

$2,541

$5,951-57.3%

$13,215-80.8%

$5,651-55.0%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP5 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Recordkeeping and information managem...

$559

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERLOCAL COMMUNITY ACTION PROGRAM INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF INTERLOCAL COMMUNITY ACTION PROGRAM 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