Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF EASTERN NEBRASKA COMMUNITY ACTION PARTNERSHIP

Name: EASTERN NEBRASKA COMMUNITY ACT - 403(B) THRIFT PLAN FOR EMPLOYEES OF EASTERN NEBRASKA COMMUNITY ACTION PARTNERSHIP (2022) Form 5500
Creator: EASTERN NEBRASKA COMMUNITY ACT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF EASTERN NEBRASKA COMMUNITY ACTION PARTNERSHIP, EASTERN NEBRASKA COMMUNITY ACT

EASTERN NEBRASKA COMMUNITY ACTEIN 47-0488296Plan #001PY 2022

2406 FOWLER AVE - OMAHA, NE 681112013402-453-5656encapnebraska.orgLinkedIn11-50 employeescivic & social organization

Prospect flagsLow returnsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$303K

-5.6% from 2021

Total participants

+23.6% from 2021

Average account balance

$3,482

-21.9% from 2021

Annual return

-26.26%

-39.88 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$359K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

21.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$84K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$728

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

+11.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6208

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing 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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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 returns
Annual investment return 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$5K

$152 / participant

Other / not subdivided$5K100.0%

% of EOY assets

1.706%

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

$3,482

$73,863-95.3%

$143,797-97.6%

$68,490-94.9%

Participation rate

94.1%

66.7%+27.5pp

80.3%+13.8pp

67.9%+26.2pp

Annual return

-26.26%

0.91%-27.2pp

-0.04%-26.2pp

-7.85%-18.4pp

Employer contribution / active EE

$830

$3,185-73.9%

$4,952-83.2%

$2,597-68.0%

Participant deferral / active EE

$1,261

$3,385-62.8%

$5,638-77.6%

$4,028-68.7%

Admin fee / account holder

$59

$5,756-99.0%

$14,679-99.6%

$5,403-98.9%

403(B) THRIFT PLAN FOR EMPLOYEES OF EASTERN NEBRASKA COMMUNITY ACTION PARTNERSHIP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF EASTERN NEBRASKA COMMUNITY ACTION PARTNERSHIP

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