Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF SOUTHWEST VIRGINIA LEGAL AID SOCIETY, INC.

Name: SOUTHWEST VIRGINIA LEGAL AID S - 403(B) THRIFT PLAN FOR EMPLOYEES OF SOUTHWEST VIRGINIA LEGAL AID SOCIETY, INC. (2023) Form 5500
Creator: SOUTHWEST VIRGINIA LEGAL AID S
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF SOUTHWEST VIRGINIA LEGAL AID SOCIETY, INC., SOUTHWEST VIRGINIA LEGAL AID S

SOUTHWEST VIRGINIA LEGAL AID SEIN 54-0918255Plan #001PY 2023

227 W CHERRY ST - MARION, VA 243542535276-783-8300LinkedIn1-10 employeese-learning

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4M

+22.8% from 2022

Total participants

-3.3% from 2022

Average account balance

$69,418

+25.0% from 2022

Annual return

15.19%

+27.50 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.48M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

162.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$318K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1591

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 codes2G3D2J2E2T

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.
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

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

$71K

$2090 / participant

Other / not subdivided$71K100.0%

% of EOY assets

1.796%

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

$69,418

$93,598-25.8%

$135,974-48.9%

$75,173-7.7%

Participation rate

97.1%

75.2%+21.9pp

81.9%+15.1pp

67.2%+29.9pp

Annual return

15.19%

30.89%-15.7pp

68.30%-53.1pp

160.72%-145.5pp

Employer contribution / active EE

$4,184

$3,538+18.3%

$4,859-13.9%

$2,671+56.6%

Participant deferral / active EE

$5,146

$6,405-19.7%

$7,760-33.7%

$4,126+24.7%

Admin fee / account holder

$1,247

$6,978-82.1%

$10,767-88.4%

$5,651-77.9%

403(B) THRIFT PLAN FOR EMPLOYEES OF SOUTHWEST VIRGINIA LEGAL AID SOCIETY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF SOUTHWEST VIRGINIA LEGAL AID SOCIETY, 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