Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF ILLINOIS ASSOCIATION OF COMMUNITY ACTION AGENCIES

Name: ILLINOIS ASSOCIATION OF COMMUN - 403(B) THRIFT PLAN FOR EMPLOYEES OF ILLINOIS ASSOCIATION OF COMMUNITY ACTION AGENCIES (2022) Form 5500
Creator: ILLINOIS ASSOCIATION OF COMMUN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF ILLINOIS ASSOCIATION OF COMMUNITY ACTION AGENCIES, ILLINOIS ASSOCIATION OF COMMUN

ILLINOIS ASSOCIATION OF COMMUNEIN 37-0956949Plan #001PY 2022

3435 LIBERTY DR - SPRINGFIELD, IL 627046594217-789-0125

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$461K

-18.0% from 2021

Total participants

+58.3% from 2021

Average account balance

$25,620

-49.9% from 2021

Annual return

-17.66%

-31.76 pp from 2021

Benchmarks

See 39,322 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,322 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$830K

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$106K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4684

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$46K

$3565 / participant

Other / not subdivided$46K100.0%

% of EOY assets

10.050%

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

$25,620

$92,684-72.4%

$82,706-69.0%

$134,509-81.0%

Participation rate

92.3%

75.2%+17.1pp

72.6%+19.8pp

81.2%+11.1pp

Annual return

-17.66%

945.84%-963.5pp

701.76%-719.4pp

418.13%-435.8pp

Employer contribution / active EE

$1,666

$3,272-49.1%

$3,007-44.6%

$4,741-64.8%

Participant deferral / active EE

$1,765

$4,800-63.2%

$4,394-59.8%

$6,400-72.4%

Admin fee / account holder

$2,575

$5,982-57.0%

$5,329-51.7%

$11,427-77.5%

403(B) THRIFT PLAN FOR EMPLOYEES OF ILLINOIS ASSOCIATION OF COMMUNITY ACTION AGENCIES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF ILLINOIS ASSOCIATION OF COMMUNITY ACTION AGENCIES

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