Retirement plan

EMPLOYEES MPP PLAN OF THE HOUSING AUTHORITY OF KOKOMO IN

Name: HOUSING AUTHORITY OF THE CITY OF - EMPLOYEES MPP PLAN OF THE HOUSING AUTHORITY OF KOKOMO IN (2020) Form 5500
Creator: HOUSING AUTHORITY OF THE CITY OF
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEES MPP PLAN OF THE HOUSING AUTHORITY OF KOKOMO IN, HOUSING AUTHORITY OF THE CITY OF

HOUSING AUTHORITY OF THE CITY OFEIN 35-6001610Plan #001PY 2020

210 E TAYLOR ST, PO BOX 1207 - KOKOMO, IN 46903765-459-3162

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.9M

+9.1% from 2019

Total participants

+4.5% from 2019

Average account balance

$42,075

+1.9% from 2019

Annual return

10.61%

-4.89 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

$1.92M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

139.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$106K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4373

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 codes2C2G2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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 participant contribution
Participant 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.)
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

$152K

$4475 / participant

Other / not subdivided$152K100.0%

% of EOY assets

8.036%

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

$42,075

$60,128-30.0%

$90,440-53.5%

$79,852-47.3%

Participation rate

97.1%

65.0%+32.1pp

72.7%+24.4pp

69.6%+27.4pp

Annual return

10.61%

71.95%-61.3pp

1294.38%-1283.8pp

31.72%-21.1pp

Employer contribution / active EE

$3,693

$2,068+78.5%

$3,263+13.2%

$2,471+49.4%

Participant deferral / active EE

$2,939-100.0%

$3,964-100.0%

$3,740-100.0%

Admin fee / account holder

$3,381

$3,977-15.0%

$5,615-39.8%

$5,306-36.3%

EMPLOYEES MPP PLAN OF THE HOUSING AUTHORITY OF KOKOMO IN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEES MPP PLAN OF THE HOUSING AUTHORITY OF KOKOMO IN

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