Retirement plan

COMMUNITY ACCESS LINE OF THE LAKESHORE, INC. 403(B) RETIREMENT PLAN

Name: COMMUNITY ACCESS LINE OF THE LAKESHORE, INC. - COMMUNITY ACCESS LINE OF THE LAKESHORE, INC. 403(B) RETIREMENT PLAN (2016) Form 5500
Creator: COMMUNITY ACCESS LINE OF THE LAKESHORE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY ACCESS LINE OF THE LAKESHORE, INC. 403(B) RETIREMENT PLAN, COMMUNITY ACCESS LINE OF THE LAKESHORE, INC.

COMMUNITY ACCESS LINE OF THE LAKESHORE, INC.EIN 38-3171086Plan #001PY 2016

PO BOX 1101 - MUSKEGON, MI 49443231-733-8605LinkedIn11-50 employeesnon-profit organization management

Prospect flagsLow returnsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$116K

-29.0% from 2015

Total participants

-37.5% from 2015

Average account balance

$28,935

-11.2% from 2015

Annual return

1.08%

+4.08 pp from 2015

Benchmarks

See 310 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort310 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$354K

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20K

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

+16.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11441

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 codes2G2L2T

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

OpportunityLow employer contribution
Employer 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

$58K

$11654 / participant

Other / not subdivided$58K100.0%

% of EOY assets

50.343%

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

$28,935

$52,379-44.8%

$46,225-37.4%

$273,972-89.4%

Participation rate

80.0%

84.0%-4.0pp

79.5%+0.5pp

83.0%-3.0pp

Annual return

1.08%

7.23%-6.1pp

7.57%-6.5pp

41.46%-40.4pp

Employer contribution / active EE

$606

$4,226-85.7%

$3,424-82.3%

$4,869-87.5%

Participant deferral / active EE

$1,250

$4,660-73.2%

$3,776-66.9%

$5,287-76.4%

Admin fee / account holder

$14,567

$4,652+213.1%

$3,519+313.9%

$10,133+43.8%

COMMUNITY ACCESS LINE OF THE LAKESHORE, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY ACCESS LINE OF THE LAKESHORE, INC. 403(B) RETIREMENT 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