Retirement plan

EMPLOYEE BENEFIT PLAN OF INSTITUTE FOR COMMUNITY ALLIANCES

Name: INSTITUTE FOR COMMUNITY ALLIANCES - EMPLOYEE BENEFIT PLAN OF INSTITUTE FOR COMMUNITY ALLIANCES (2020) Form 5500
Creator: INSTITUTE FOR COMMUNITY ALLIANCES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF INSTITUTE FOR COMMUNITY ALLIANCES, INSTITUTE FOR COMMUNITY ALLIANCES

INSTITUTE FOR COMMUNITY ALLIANCESEIN 42-1352902Plan #001PY 2020

1111 9TH ST STE 380 - DES MOINES, IA 50314515-246-6643icalliances.orgLinkedIn51-200 employeesinformation services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.9M

+40.2% from 2019

Total participants

+21.0% from 2019

Average account balance

$29,487

+15.9% from 2019

Annual return

18.61%

-7.73 pp from 2019

Benchmarks

See 8,769 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,769 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.09M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

156

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$964K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$110

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

1 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 codes2F2S2T3D

Plan features

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).
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$69K

$745 / participant

Other / not subdivided$69K100.0%

% of EOY assets

2.371%

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

$29,487

$60,128-51.0%

$90,440-67.4%

$79,852-63.1%

Participation rate

100.0%

65.0%+35.0pp

72.7%+27.3pp

69.6%+30.4pp

Annual return

18.61%

71.95%-53.3pp

1294.38%-1275.8pp

31.72%-13.1pp

Employer contribution / active EE

$2,577

$2,068+24.6%

$3,263-21.0%

$2,471+4.3%

Participant deferral / active EE

$3,003

$2,939+2.2%

$3,964-24.2%

$3,740-19.7%

Admin fee / account holder

$699

$3,977-82.4%

$5,615-87.5%

$5,306-86.8%

EMPLOYEE BENEFIT PLAN OF INSTITUTE FOR COMMUNITY ALLIANCES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF INSTITUTE FOR COMMUNITY ALLIANCES

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