Retirement plan

CAPITAL AREA MICHIGAN WORKS EMPLOYEE MONEY PURCHASE PENSION PLAN

Name: CAPITAL AREA MICHIGAN WORKS - CAPITAL AREA MICHIGAN WORKS EMPLOYEE MONEY PURCHASE PENSION PLAN (2018) Form 5500
Creator: CAPITAL AREA MICHIGAN WORKS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAPITAL AREA MICHIGAN WORKS EMPLOYEE MONEY PURCHASE PENSION PLAN, CAPITAL AREA MICHIGAN WORKS

CAPITAL AREA MICHIGAN WORKSEIN 38-2481244Plan #001PY 2018

2110 S. CEDAR STREET - LANSING, MI 489103130517-492-5502camw.orgLinkedIn51-200 employeesstaffing and recruiting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.3M

-6.6% from 2017

Total participants

-2.4% from 2017

Average account balance

$81,035

-4.3% from 2017

Annual return

-3.80%

-17.92 pp from 2017

Benchmarks

See 325 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort325 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.79M

Not enough data

1 years with asset history on file

Average account balance

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

$161K

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.

138.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$424K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+11.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6515

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 codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

$372K

$19558 / participant

Other / not subdivided$372K100.0%

% of EOY assets

11.184%

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

$81,035

$63,953+26.7%

$54,726+48.1%

$135,379-40.1%

Participation rate

100.0%

84.9%+15.1pp

79.1%+20.9pp

82.6%+17.4pp

Annual return

-3.80%

-5.77%+2.0pp

-4.56%+0.8pp

519.79%-523.6pp

Employer contribution / active EE

$13,814

$4,256+224.6%

$3,449+300.5%

$4,779+189.1%

Participant deferral / active EE

$4,810-100.0%

$3,953-100.0%

$5,609-100.0%

Admin fee / account holder

$9,063

$4,567+98.4%

$3,818+137.4%

$10,828-16.3%

CAPITAL AREA MICHIGAN WORKS EMPLOYEE MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAPITAL AREA MICHIGAN WORKS EMPLOYEE MONEY PURCHASE PENSION 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