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. (2023) 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 2023

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

Prospect flagsLow returnsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$513K

No prior year

Total participants

No prior year

Average account balance

$7,896

No prior year

Annual return

0.48%

+112.34 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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

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.
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

$95K

$1820 / participant

Other / not subdivided$95K100.0%

% of EOY assets

18.438%

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

$7,896

$57,305-86.2%

$86,640-90.9%

$75,173-89.5%

Participation rate

88.5%

63.2%+25.3pp

71.7%+16.8pp

67.2%+21.3pp

Annual return

0.48%

2674.24%-2673.8pp

592.52%-592.0pp

160.72%-160.2pp

Employer contribution / active EE

$1,284

$2,316-44.6%

$3,024-57.5%

$2,671-51.9%

Participant deferral / active EE

$986

$3,320-70.3%

$4,438-77.8%

$4,126-76.1%

Admin fee / account holder

$1,456

$4,116-64.6%

$5,616-74.1%

$5,651-74.2%

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