Retirement plan

403 (B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITYWORKS IN WEST VIRGINIA, INC.

Name: COMMUNITYWORKS IN WEST VIRGINIA, INC. - 403 (B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITYWORKS IN WEST VIRGINIA, INC. (2022) Form 5500
Creator: COMMUNITYWORKS IN WEST VIRGINIA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403 (B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITYWORKS IN WEST VIRGINIA, INC., COMMUNITYWORKS IN WEST VIRGINIA, INC.

COMMUNITYWORKS IN WEST VIRGINIA, INC.EIN 55-0706467Plan #002PY 2022

4302 CREDE DR - CHARLESTON, WV 253024712304-965-2241communityworkswv.orgLinkedIn1-10 employees

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$145K

-7.7% from 2021

Total participants

+37.5% from 2021

Average account balance

$13,220

-32.9% from 2021

Annual return

-14.31%

-31.11 pp from 2021

Benchmarks

See 39,277 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,277 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$166K

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

220.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12K

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

+7.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2378

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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$12

$2 / participant

Other / not subdivided$12100.0%

% of EOY assets

0.008%

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

$13,220

$92,766-85.7%

$82,763-84.0%

$134,545-90.2%

Participation rate

100.0%

75.2%+24.8pp

72.6%+27.4pp

81.2%+18.8pp

Annual return

-14.31%

946.97%-961.3pp

702.45%-716.8pp

418.37%-432.7pp

Employer contribution / active EE

$1,433

$3,273-56.2%

$3,008-52.4%

$4,742-69.8%

Participant deferral / active EE

$658

$4,802-86.3%

$4,395-85.0%

$6,401-89.7%

Admin fee / account holder

$5,978-100.0%

$5,325-100.0%

$11,431-100.0%

403 (B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITYWORKS IN WEST VIRGINIA, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403 (B) THRIFT PLAN FOR EMPLOYEES OF COMMUNITYWORKS IN WEST VIRGINIA, 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