Retirement plan

EMPLOYEE BENEFIT PLAN OF LYNCHBURG COMMUNITY ACTION GROUP, INC.

Name: LYNCHBURG COMMUNITY ACTION GROUP, INC. - EMPLOYEE BENEFIT PLAN OF LYNCHBURG COMMUNITY ACTION GROUP, INC. (2021) Form 5500
Creator: LYNCHBURG COMMUNITY ACTION GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF LYNCHBURG COMMUNITY ACTION GROUP, INC., LYNCHBURG COMMUNITY ACTION GROUP, INC.

LYNCHBURG COMMUNITY ACTION GROUP, INC.EIN 54-0797340Plan #001PY 2021

1010 MAIN ST FL 2 - LYNCHBURG, VA 245041712434-846-3174lyncag.orgLinkedIn11-50 employeesreal estate

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$2.2M

+13.6% from 2020

Total participants

118

+1.7% from 2020

Average account balance

$23,560

+29.2% from 2020

Annual return

13.75%

+6.76 pp from 2020

Benchmarks

See 1,683 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,683 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.97M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

103.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

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

+9.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2015

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

Top 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP2 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Claims processing; Recordkeeping and ...	$1,319

Plan features & details

Pension benefit codes2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$1K

$12 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.054%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: N WES PUGHSLEY, JR CPA
Auditor EIN: 541774563
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,560

$63,745-63.0%

$98,452-76.1%

$79,390-70.3%

Participation rate

77.5%

69.9%+7.6pp

73.3%+4.1pp

70.7%+6.7pp

Annual return

13.75%

625.80%-612.0pp

1492.96%-1479.2pp

116.86%-103.1pp

Employer contribution / active EE

$572

$2,557-77.6%

$2,960-80.7%

$2,428-76.4%

Participant deferral / active EE

$496

$3,303-85.0%

$4,276-88.4%

$4,046-87.7%

Admin fee / account holder

$13

$516-97.5%

$5,948-99.8%

$626-98.0%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP2 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Claims processing; Recordkeeping and ...

$1,319

EMPLOYEE BENEFIT PLAN OF LYNCHBURG COMMUNITY ACTION GROUP, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF LYNCHBURG COMMUNITY ACTION GROUP, 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