Retirement plan

CAPITAL AREA MICHIGAN WORKS! EMPLOYEE MONEY PURCHASE PLAN

Name: CAPITAL AREA MICHIGAN WORKS! - CAPITAL AREA MICHIGAN WORKS! EMPLOYEE MONEY PURCHASE PLAN (2020) 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 PLAN, CAPITAL AREA MICHIGAN WORKS!

CAPITAL AREA MICHIGAN WORKS!EIN 38-2481244Plan #001PY 2020

2110 S. CEDAR STREET - LANSING, MI 48910517-492-5508camw.orgLinkedIn51-200 employeesstaffing and recruiting

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$3.8M

-5.9% from 2019

Total participants

-5.9% from 2019

Average account balance

$119,769

-0.0% from 2019

Annual return

8.68%

-8.00 pp from 2019

Benchmarks

See 123 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants25-99

Cohort123 peers

Snapshot2020

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 codes2C2F2G2R3D2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.

Expense breakdown

Schedule H Part II

Admin total

$972K

$38894 / participant

Other / not subdivided$972K100.0%

% of EOY assets

25.371%

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

$119,769

$57,506+108.3%

$67,221+78.2%

$79,852+50.0%

Participation rate

100.0%

74.3%+25.7pp

79.4%+20.6pp

69.6%+30.4pp

Annual return

8.68%

18.46%-9.8pp

20.72%-12.0pp

31.72%-23.0pp

Employer contribution / active EE

$14,197

$2,961+379.6%

$3,723+281.3%

$2,471+474.5%

Participant deferral / active EE

$3,508-100.0%

$4,384-100.0%

$3,740-100.0%

Admin fee / account holder

$30,386

$4,029+654.2%

$5,844+419.9%

$5,306+472.6%

CAPITAL AREA MICHIGAN WORKS! EMPLOYEE MONEY PURCHASE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAPITAL AREA MICHIGAN WORKS! EMPLOYEE MONEY PURCHASE 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