Retirement plan

403(B) THRIFT PLAN OF DELTA AREA ECONOMIC OPPORTUNITY CORPORATION

Name: DELTA AREA ECONOMIC OPPORTUNITY CORPORATION - 403(B) THRIFT PLAN OF DELTA AREA ECONOMIC OPPORTUNITY CORPORATION (2024) Form 5500
Creator: DELTA AREA ECONOMIC OPPORTUNITY CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF DELTA AREA ECONOMIC OPPORTUNITY CORPORATION, DELTA AREA ECONOMIC OPPORTUNITY CORPORATION

DELTA AREA ECONOMIC OPPORTUNITY CORPORATIONEIN 43-0834206Plan #001PY 2024

104 W. CENTER STREET, PO BOX 1608 - SIKESTON, MO 63801573-931-8400LinkedIn201-500 employeesmedical practice

Prospect flagsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.2M

+14.2% from 2023

Total participants

489

+8.2% from 2023

Average account balance

$11,198

+6.1% from 2023

Annual return

12.56%

-5.99 pp from 2023

Benchmarks

See 32 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants250-999

Cohort32 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.21M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

465

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$735K

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

+12.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$75

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

Top 1 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION2 years Service code 10 · EIN 35-0472300	Accounting	$35,077

Plan features & details

Pension benefit codes2F2G2L2M2T2S3D

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).
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$35K

$91 / participant

Contract admin$35K100.0%

% of EOY assets

0.674%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JARRED, GILMORE & PHILLIPS, PA
Auditor EIN: 203906022
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,198

$64,768-82.7%

$76,327-85.3%

$77,736-85.6%

Participation rate

93.8%

72.6%+21.1pp

79.2%+14.5pp

70.6%+23.2pp

Annual return

12.56%

13.90%-1.3pp

13.79%-1.2pp

31.26%-18.7pp

Employer contribution / active EE

$1,118

$2,747-59.3%

$4,584-75.6%

$2,728-59.0%

Participant deferral / active EE

$790

$3,709-78.7%

$5,478-85.6%

$4,651-83.0%

Admin fee / account holder

$75

$1,025-92.6%

$5,139-98.5%

$433-82.6%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION2 years

Service code 10 · EIN 35-0472300

Accounting

$35,077

403(B) THRIFT PLAN OF DELTA AREA ECONOMIC OPPORTUNITY CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF DELTA AREA ECONOMIC OPPORTUNITY CORPORATION

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