Retirement plan

ERBA EMPLOYEE'S 401(K) PLAN

Name: EMBARRAS RIVER BASIN AGENCY, INC. - ERBA EMPLOYEE'S 401(K) PLAN (2023) Form 5500
Creator: EMBARRAS RIVER BASIN AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ERBA EMPLOYEE'S 401(K) PLAN, EMBARRAS RIVER BASIN AGENCY, INC.

EMBARRAS RIVER BASIN AGENCY, INC.EIN 37-0890281Plan #002PY 2023

400 WEST PLEASANT STREET - GREENUP, IL 62428217-923-3113erbainc.orgLinkedIn51-200 employeescivic & social organization

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4M

+19.2% from 2022

Total participants

163

-6.3% from 2022

Average account balance

$24,830

+27.3% from 2022

Annual return

15.87%

+32.77 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.62M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

168

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$521K

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

+13.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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 3 by compensation

Provider	Service type	Compensation
SHOWME PENSION GROUP2 years Service code 13 14701 E. 42ND STREET SOUTH · INDEPENDENCE, MO 64055	Contract Administrator	$17,075
SIKICH LLP9+ years Service code 10 3051 HOLLIS DR., 3RD FLOOR · SPRINGFIELD, IL 62704	Accounting	$12,500
AMERICAN FUNDS7 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 21 12711 N. MERIDIAN STREET · CARMEL, IN 46036	Bank Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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.
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

$45K

$379 / participant

Recordkeeping$15K34.4%
Other / not subdivided$30K65.6%

% of EOY assets

1.113%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SIKICH CPA LLC
Auditor EIN: 541172176
Audit fees: $12,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,830

$61,391-59.6%

$149,723-83.4%

$71,529-65.3%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

15.87%

35.88%-20.0pp

134.50%-118.6pp

28.97%-13.1pp

Employer contribution / active EE

$3,120

$2,384+30.9%

$4,821-35.3%

$2,590+20.5%

Participant deferral / active EE

$968

$2,921-66.9%

$5,682-83.0%

$4,291-77.4%

Admin fee / account holder

$276

$1,264-78.1%

$13,215-97.9%

$1,588-82.6%

Provider

Service type

Compensation

SHOWME PENSION GROUP2 years

Service code 13

14701 E. 42ND STREET SOUTH · INDEPENDENCE, MO 64055

Contract Administrator

$17,075

SIKICH LLP9+ years

Service code 10

3051 HOLLIS DR., 3RD FLOOR · SPRINGFIELD, IL 62704

Accounting

$12,500

AMERICAN FUNDS7 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 21

12711 N. MERIDIAN STREET · CARMEL, IN 46036

Bank Trustee

ERBA EMPLOYEE'S 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ERBA EMPLOYEE'S 401(K) 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