Retirement plan

EMPLOYEE BENEFIT PLAN OF EASTERN WEST VIRGINIA COMMUNITY ACTION, INC.

Name: EASTERN WEST VIRGINIA COMMUNITY ACTION, INC. - EMPLOYEE BENEFIT PLAN OF EASTERN WEST VIRGINIA COMMUNITY ACTION, INC. (2019) Form 5500
Creator: EASTERN WEST VIRGINIA COMMUNITY ACTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF EASTERN WEST VIRGINIA COMMUNITY ACTION, INC., EASTERN WEST VIRGINIA COMMUNITY ACTION, INC.

EASTERN WEST VIRGINIA COMMUNITY ACTION, INC.EIN 55-0492209Plan #001PY 2019

228 CLAY ST - MOOREFIELD, WV 268361116304-538-7711

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.1M

+17.3% from 2018

Total participants

+11.4% from 2018

Average account balance

$34,419

+24.9% from 2018

Annual return

13.29%

+18.79 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.22M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

119.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$110K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13238

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 codes2F2G2T3D

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.
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

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

$64K

$2144 / participant

Other / not subdivided$64K100.0%

% of EOY assets

6.027%

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

$34,419

$85,171-59.6%

$172,752-80.1%

$72,975-52.8%

Participation rate

73.3%

70.1%+3.3pp

82.6%-9.3pp

69.5%+3.8pp

Annual return

13.29%

27.32%-14.0pp

802.97%-789.7pp

81.01%-67.7pp

Employer contribution / active EE

$2,218

$3,324-33.3%

$5,144-56.9%

$2,440-9.1%

Participant deferral / active EE

$996

$3,260-69.4%

$5,198-80.8%

$3,608-72.4%

Admin fee / account holder

$2,075

$5,880-64.7%

$13,955-85.1%

$5,124-59.5%

EMPLOYEE BENEFIT PLAN OF EASTERN WEST VIRGINIA COMMUNITY ACTION, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF EASTERN WEST VIRGINIA COMMUNITY ACTION, 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