Retirement plan

403(B) THRIFT PLAN OF INTER-LAKES COMMUNITY ACTION PARTNERSHIP, INC.

Name: INTER-LAKES COMMUNITY ACTION PARTNERSHIP, INC. - 403(B) THRIFT PLAN OF INTER-LAKES COMMUNITY ACTION PARTNERSHIP, INC. (2020) Form 5500
Creator: INTER-LAKES COMMUNITY ACTION PARTNERSHIP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF INTER-LAKES COMMUNITY ACTION PARTNERSHIP, INC., INTER-LAKES COMMUNITY ACTION PARTNERSHIP, INC.

INTER-LAKES COMMUNITY ACTION PARTNERSHIP, INC.EIN 46-0282131Plan #001PY 2020

PO BOX 268 - MADISON, SD 570420268605-256-6518LinkedIn51-200 employeescivic & social organization

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.8M

+16.2% from 2019

Total participants

154

+4.1% from 2019

Average account balance

$52,329

+11.5% from 2019

Annual return

13.07%

-10.24 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.39M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

155

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.

69.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$425K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
MUTUAL OF AMERICA INVESTMENT CORP2 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Participant loan processing; Recordke...	$416

Plan features & details

Pension benefit codes2F2G2T

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$789

$8 / participant

Other / not subdivided$789100.0%

% of EOY assets

0.010%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,329

$66,124-20.9%

$90,461-42.2%

$73,497-28.8%

Participation rate

96.1%

69.7%+26.4pp

72.7%+23.4pp

70.7%+25.4pp

Annual return

13.07%

17.65%-4.6pp

1294.76%-1281.7pp

28.51%-15.4pp

Employer contribution / active EE

$1,243

$2,346-47.0%

$3,264-61.9%

$2,270-45.2%

Participant deferral / active EE

$2,266

$3,039-25.4%

$3,964-42.8%

$3,740-39.4%

Admin fee / account holder

$396-98.7%

$5,617-99.9%

$513-99.0%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP2 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Participant loan processing; Recordke...

$416

403(B) THRIFT PLAN OF INTER-LAKES COMMUNITY ACTION PARTNERSHIP, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF INTER-LAKES COMMUNITY ACTION PARTNERSHIP, INC.

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