Retirement plan

EMPLOYEE BENEFIT PLAN OF CENTRAL VIRGINIA LEGAL AID SOCIETY

Name: CENTRAL VIRGINIA LEGAL AID SOC - EMPLOYEE BENEFIT PLAN OF CENTRAL VIRGINIA LEGAL AID SOCIETY (2022) Form 5500
Creator: CENTRAL VIRGINIA LEGAL AID SOC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF CENTRAL VIRGINIA LEGAL AID SOCIETY, CENTRAL VIRGINIA LEGAL AID SOC

CENTRAL VIRGINIA LEGAL AID SOCEIN 54-0900644Plan #001PY 2022

PO BOX 12206 - RICHMOND, VA 232410206804-648-1012LinkedIn11-50 employeesinternational affairs

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+3.0% from 2021

Total participants

+17.5% from 2021

Average account balance

$19,631

-12.3% from 2021

Annual return

-13.43%

-31.77 pp from 2021

Benchmarks

See 28,001 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,001 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.35M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

152.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$314K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$624

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 codes2G3D2J2E

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.
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

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

$73K

$1528 / participant

Other / not subdivided$73K100.0%

% of EOY assets

5.577%

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

$19,631

$82,674-76.3%

$125,381-84.3%

$68,486-71.3%

Participation rate

100.0%

75.1%+24.9pp

82.4%+17.6pp

67.9%+32.1pp

Annual return

-13.43%

-5.97%-7.5pp

572.31%-585.7pp

-7.85%-5.6pp

Employer contribution / active EE

$1,819

$3,382-46.2%

$4,815-62.2%

$2,597-29.9%

Participant deferral / active EE

$4,079

$6,111-33.2%

$7,448-45.2%

$4,028+1.3%

Admin fee / account holder

$1,095

$6,277-82.6%

$10,007-89.1%

$5,404-79.7%

EMPLOYEE BENEFIT PLAN OF CENTRAL VIRGINIA LEGAL AID SOCIETY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF CENTRAL VIRGINIA LEGAL AID SOCIETY

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