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. (2021) 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 2021

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

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$684K

+14.8% from 2020

Total participants

-2.3% from 2020

Average account balance

$17,539

+20.7% from 2020

Annual return

12.78%

-1.11 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$521K

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$43K

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

+11.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1328

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

$27K

$821 / participant

Other / not subdivided$27K100.0%

% of EOY assets

3.963%

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

$17,539

$95,406-81.6%

$185,849-90.6%

$85,847-79.6%

Participation rate

90.9%

68.8%+22.1pp

81.7%+9.2pp

69.3%+21.6pp

Annual return

12.78%

23.59%-10.8pp

122.10%-109.3pp

318.61%-305.8pp

Employer contribution / active EE

$663

$3,314-80.0%

$5,169-87.2%

$2,565-74.1%

Participant deferral / active EE

$510

$3,424-85.1%

$5,569-90.8%

$3,952-87.1%

Admin fee / account holder

$695

$7,214-90.4%

$16,244-95.7%

$6,261-88.9%

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