Retirement plan

EMPLOYEE BENEFIT PLAN OF WESTERN EGYPTIAN ECONOMIC OPPORTUNITY COUNCIL, INC.

Name: WESTERN EGYPTIAN ECONOMIC OPPORTUNITY COUNCIL, INC. - EMPLOYEE BENEFIT PLAN OF WESTERN EGYPTIAN ECONOMIC OPPORTUNITY COUNCIL, INC. (2021) Form 5500
Creator: WESTERN EGYPTIAN ECONOMIC OPPORTUNITY COUNCIL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF WESTERN EGYPTIAN ECONOMIC OPPORTUNITY COUNCIL, INC., WESTERN EGYPTIAN ECONOMIC OPPORTUNITY COUNCIL, INC.

WESTERN EGYPTIAN ECONOMIC OPPORTUNITY COUNCIL, INC.EIN 37-0892145Plan #001PY 2021

PO BOX 7 - STEELEVILLE, IL 622880007618-965-3458

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$462K

+58.7% from 2020

Total participants

+3.8% from 2020

Average account balance

$8,708

+58.7% from 2020

Annual return

36.70%

+41.16 pp from 2020

Benchmarks

See 8,923 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,923 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$862K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

113.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$149K

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

+6.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$374

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 codes2F2G2S2T

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$68K

$1410 / participant

Other / not subdivided$68K100.0%

% of EOY assets

14.661%

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

$8,708

$65,423-86.7%

$98,477-91.2%

$85,856-89.9%

Participation rate

95.8%

65.0%+30.8pp

73.3%+22.5pp

69.3%+26.5pp

Annual return

36.70%

21.76%+14.9pp

1493.59%-1456.9pp

318.58%-281.9pp

Employer contribution / active EE

$1,515

$2,168-30.1%

$2,961-48.8%

$2,565-40.9%

Participant deferral / active EE

$1,222

$3,167-61.4%

$4,276-71.4%

$3,952-69.1%

Admin fee / account holder

$1,277

$4,594-72.2%

$5,951-78.5%

$6,261-79.6%

EMPLOYEE BENEFIT PLAN OF WESTERN EGYPTIAN ECONOMIC OPPORTUNITY COUNCIL, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF WESTERN EGYPTIAN ECONOMIC OPPORTUNITY COUNCIL, 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