Retirement plan

COMMUNITY ACTION PARTNERSHIP OF MID-NEBRASKA 403(B) PLAN

Name: COMMUNITY ACTION PARTNERSHIP OF MID-NEBRASKA - COMMUNITY ACTION PARTNERSHIP OF MID-NEBRASKA 403(B) PLAN (2023) Form 5500
Creator: COMMUNITY ACTION PARTNERSHIP OF MID-NEBRASKA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY ACTION PARTNERSHIP OF MID-NEBRASKA 403(B) PLAN, COMMUNITY ACTION PARTNERSHIP OF MID-NEBRASKA

COMMUNITY ACTION PARTNERSHIP OF MID-NEBRASKAEIN 47-6039628Plan #002PY 2023

16 WEST 11TH STREET, PO BOX 2288 - KEARNEY, NE 68848308-865-5675mnca.netLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$5.2M

+10.7% from 2022

Total participants

286

+7.5% from 2022

Average account balance

$29,339

+7.0% from 2022

Annual return

17.30%

+31.99 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.71M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

168

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.

59.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$443K

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

+14.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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 codes2F2G2J2M3D

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$6 / participant

Investment mgmt$2K100.0%

% of EOY assets

0.031%

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: CORE CPAS, P.C.
Auditor EIN: 921841583
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,339

$47,180-37.8%

$149,723-80.4%

$74,473-60.6%

Participation rate

57.6%

63.4%-5.8pp

78.8%-21.2pp

70.7%-13.2pp

Annual return

17.30%

22.75%-5.5pp

134.50%-117.2pp

34.36%-17.1pp

Employer contribution / active EE

$1,585

$1,907-16.9%

$4,821-67.1%

$2,638-39.9%

Participant deferral / active EE

$319

$2,730-88.3%

$5,682-94.4%

$4,530-93.0%

Admin fee / account holder

$343-97.4%

$13,215-99.9%

$347-97.4%

COMMUNITY ACTION PARTNERSHIP OF MID-NEBRASKA 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY ACTION PARTNERSHIP OF MID-NEBRASKA 403(B) 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