Retirement plan

EMPLOYEE BENEFIT PLAN OF THE COUNCIL OF THE SOUTHERN MOUNTAINS

Name: THE COUNCIL OF THE SOUTHERN MOUNTAINS - EMPLOYEE BENEFIT PLAN OF THE COUNCIL OF THE SOUTHERN MOUNTAINS (2021) Form 5500
Creator: THE COUNCIL OF THE SOUTHERN MOUNTAINS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF THE COUNCIL OF THE SOUTHERN MOUNTAINS, THE COUNCIL OF THE SOUTHERN MOUNTAINS

THE COUNCIL OF THE SOUTHERN MOUNTAINSEIN 55-0479026Plan #002PY 2021

148 MCDOWELL ST - WELCH, WV 248012225304-436-6800LinkedIn1-10 employeesnon-profit organization management

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$279K

-3.5% from 2020

Total participants

0.0% from 2020

Average account balance

$55,742

-3.5% from 2020

Annual return

10.76%

-17.61 pp from 2020

Benchmarks

See 37,618 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,618 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$296K

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$127

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 codes2F2G3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$58K

$11510 / participant

Other / not subdivided$58K100.0%

% of EOY assets

20.649%

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

$55,742

$109,872-49.3%

$98,483-43.4%

$167,536-66.7%

Participation rate

20.0%

75.8%-55.8pp

73.3%-53.3pp

82.1%-62.1pp

Annual return

10.76%

1959.31%-1948.6pp

1494.38%-1483.6pp

478.82%-468.1pp

Employer contribution / active EE

$1,244

$3,225-61.4%

$2,961-58.0%

$4,839-74.3%

Participant deferral / active EE

$2,042

$4,673-56.3%

$4,276-52.3%

$6,342-67.8%

Admin fee / account holder

$11,510

$6,757+70.3%

$5,953+93.4%

$12,315-6.5%

EMPLOYEE BENEFIT PLAN OF THE COUNCIL OF THE SOUTHERN MOUNTAINS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF THE COUNCIL OF THE SOUTHERN MOUNTAINS

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