Retirement plan

THE CORPORATE COUNCIL ON AFRICA RETIREMENT PLAN

Name: THE CORPORATE COUNCIL ON AFRICA - THE CORPORATE COUNCIL ON AFRICA RETIREMENT PLAN (2024) Form 5500
Creator: THE CORPORATE COUNCIL ON AFRICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CORPORATE COUNCIL ON AFRICA RETIREMENT PLAN, THE CORPORATE COUNCIL ON AFRICA

THE CORPORATE COUNCIL ON AFRICAEIN 36-3895800Plan #001PY 2024

1100 17TH STREET, N.W., SUITE 1200 - WASHINGTON, DC 20036202-263-3505corporatecouncilonafrica.comLinkedIn11-50 employeesinternational trade and development

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$792K

+23.6% from 2023

Total participants

-4.3% from 2023

Average account balance

$37,722

+29.4% from 2023

Annual return

13.69%

-0.83 pp from 2023

Benchmarks

See 50,137 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort50,137 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$792K

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

300.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$65K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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 codes2E2T2S2L2F2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$3K

$375 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.332%

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

$37,722

$88,710-57.5%

$81,783-53.9%

$145,959-74.2%

Participation rate

85.7%

75.0%+10.7pp

72.4%+13.4pp

80.3%+5.4pp

Annual return

13.69%

1027.26%-1013.6pp

775.05%-761.4pp

561.95%-548.3pp

Employer contribution / active EE

$4,267

$3,083+38.4%

$2,913+46.5%

$4,661-8.5%

Participant deferral / active EE

$4,969

$4,645+7.0%

$4,320+15.0%

$6,689-25.7%

Admin fee / account holder

$125

$8,407-98.5%

$7,380-98.3%

$13,398-99.1%

THE CORPORATE COUNCIL ON AFRICA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CORPORATE COUNCIL ON AFRICA RETIREMENT PLAN

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