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 (2024) 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 WORKS!EIN 38-2481244Plan #001PY 2024

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

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$5.8M

+16.4% from 2023

Total participants

+2.9% from 2023

Average account balance

$160,841

-74.1% from 2023

Annual return

11.96%

-5.57 pp from 2023

Benchmarks

See 131 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants25-99

Cohort131 peers

Snapshot2024

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 codes2C2G3D

Plan features

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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$235K

$9021 / participant

Other / not subdivided$235K100.0%

% of EOY assets

4.051%

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

$160,841

$57,969+177.5%

$76,278+110.9%

$80,911+98.8%

Participation rate

100.0%

73.7%+26.3pp

79.2%+20.8pp

67.6%+32.4pp

Annual return

11.96%

15.90%-3.9pp

13.77%-1.8pp

35.63%-23.7pp

Employer contribution / active EE

$16,296

$3,570+356.5%

$4,584+255.5%

$2,756+491.3%

Participant deferral / active EE

$3,814-100.0%

$5,478-100.0%

$4,297-100.0%

Admin fee / account holder

$6,515

$5,670+14.9%

$5,131+27.0%

$6,935-6.0%

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