Retirement plan

THE CORPORATE COUNCIL ON AFRICA RETIREMENT PLAN

Name: THE CORPORATE COUNCIL ON AFRICA - THE CORPORATE COUNCIL ON AFRICA RETIREMENT PLAN (2017) 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 2017

1100 17TH STREET NW SUITE 1000 - WASHINGTON, DC 20036202-263-3505corporatecouncilonafrica.comLinkedIn11-50 employeesinternational trade and development

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

-17.6% from 2016

Total participants

-4.8% from 2016

Average account balance

$56,985

-8.9% from 2016

Annual return

7.39%

+0.66 pp from 2016

Benchmarks

See 32,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort32,058 peers

Snapshot2017

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 codes2F2G2L2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

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.
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

$376K

$93899 / participant

Other / not subdivided$376K100.0%

% of EOY assets

34.690%

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

$56,985

$99,009-42.4%

$86,581-34.2%

$147,585-61.4%

Participation rate

75.0%

76.3%-1.3pp

73.5%+1.5pp

82.8%-7.8pp

Annual return

7.39%

1312.70%-1305.3pp

965.06%-957.7pp

578.58%-571.2pp

Employer contribution / active EE

$3,477

$3,132+11.0%

$2,840+22.4%

$4,876-28.7%

Participant deferral / active EE

$8,520

$3,972+114.5%

$3,609+136.1%

$5,439+56.6%

Admin fee / account holder

$19,768

$5,709+246.3%

$4,904+303.1%

$10,886+81.6%

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