Retirement plan

EMPLOYEE BENEFIT PLAN OF SOUTHEAST RURAL COMMUNITY ASSISTANCE PROJECT, INC.

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

SOUTHEAST RURAL COMMUNITY ASSISTANCE PROJECT, INC.EIN 54-1055050Plan #001PY 2021

347 CAMPBELL AVE SW - ROANOKE, VA 240163624540-345-1184

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.3M

+5.3% from 2020

Total participants

+1.6% from 2020

Average account balance

$37,116

+3.5% from 2020

Annual return

10.10%

+0.90 pp from 2020

Benchmarks

See 8,920 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,920 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.41M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

133.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$411K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$325

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 codes2F2G2S2T

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$405K

$8996 / participant

Other / not subdivided$405K100.0%

% of EOY assets

17.881%

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

$37,116

$65,434-43.3%

$98,483-62.3%

$85,847-56.8%

Participation rate

95.6%

65.0%+30.5pp

73.3%+22.2pp

69.3%+26.2pp

Annual return

10.10%

21.75%-11.7pp

1494.38%-1484.3pp

318.61%-308.5pp

Employer contribution / active EE

$3,598

$2,169+65.9%

$2,961+21.5%

$2,565+40.3%

Participant deferral / active EE

$2,197

$3,168-30.7%

$4,276-48.6%

$3,952-44.4%

Admin fee / account holder

$6,637

$4,595+44.4%

$5,953+11.5%

$6,261+6.0%

EMPLOYEE BENEFIT PLAN OF SOUTHEAST RURAL COMMUNITY ASSISTANCE PROJECT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF SOUTHEAST RURAL COMMUNITY ASSISTANCE PROJECT, 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