Retirement plan

403(B) THRIFT PLAN OF WASHINGTON COUNTY COMMUNITY ACTION COUNCIL, INC.

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

WASHINGTON COUNTY COMMUNITY ACTION COUNCIL, INC.EIN 52-0817684Plan #002PY 2020

117 SUMMIT AVE - HAGERSTOWN, MD 217405508301-797-4161

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$596K

+9.4% from 2019

Total participants

0.0% from 2019

Average account balance

$14,535

+12.0% from 2019

Annual return

13.89%

-15.63 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$471K

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.

113.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+24.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4644

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 codes2F2G2T2L

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$74K

$2043 / participant

Other / not subdivided$74K100.0%

% of EOY assets

12.340%

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

$14,535

$91,198-84.1%

$178,503-91.9%

$79,856-81.8%

Participation rate

94.4%

69.2%+25.2pp

81.9%+12.5pp

69.6%+24.8pp

Annual return

13.89%

24.20%-10.3pp

151.12%-137.2pp

31.71%-17.8pp

Employer contribution / active EE

$727

$3,257-77.7%

$5,011-85.5%

$2,471-70.6%

Participant deferral / active EE

$619

$3,237-80.9%

$5,202-88.1%

$3,741-83.5%

Admin fee / account holder

$1,794

$6,748-73.4%

$13,987-87.2%

$5,306-66.2%

403(B) THRIFT PLAN OF WASHINGTON COUNTY COMMUNITY ACTION COUNCIL, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF WASHINGTON COUNTY COMMUNITY ACTION COUNCIL, 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